Triple bottom line TBL = people, profit, planet (3Ps). 1981: Freer Spreckley says firms should measure their TBL. 1994: John Elkington’s 3Ps suggests sustainability as a goal. 1997: his book ‘Cannibals with Forks‘ asks firms to measure/ report financial performance, social wealth creation & environmental aspects. What next for stakeholders? Quadruple bottom line, which includes…
Tag: report
Value-added tax Lower VAT rates reduce the ‘black economy’. Self-enforcing VAT is 1950s French invention. Instead of a levy on final sale of a product/ service, it’s imposed at every step of production, with a refund for the tax paid at the previous step. Each firm reports the VAT the previous firm in the chain should’ve…
Annual reports At 135 pages, the average report is now 50% longer than 10 years ago. As clear as mud. Guessed the word? Series 5 (2/4) [photo: PellissierJP]