Accounting for the Triple Bottom Line

calc.jpg It’s one thing to be aware of the social and environmental costs and benefits associated with your business, it’s another to try and account for them on your balance sheet. This is what the triple-bottom-line (sometimes called the integrated bottom line) approach is all about. As a result, non-financial measurement and reporting skills are increasingly being called for.

The good news is that management accountants are well positioned to adapt their existing skills to manage and measure all of the key components of TBL reporting, which is ultimately used to manage sustainability.

GreenBiz has more to get you started.

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He was instrumental in the creation of TreeHugger.com, managing the technical side of the publication for 3 years as well as an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.