What is quadruple bottom line?
We can define the quadruple bottom line as a framework to evaluate performance across 4 pillars: cultural, economic, environmental and social. It is an extension of the triple bottom line accounting framework, which provided a balance of people, planet and profit needs, to encompass cultural needs.
What is the fourth element in the quadruple bottom line?
Adding a Fourth Bottom Line Quadruple bottom line (QBL) provides means to measure, value and assess the addition of culture, spirituality, and faith in reporting. This can be expressed as people, planet, profit and PURPOSE. It adds navigation of important goals without compromising core values.
What is the quintuple bottom line?
The Quintuple Bottom Line (QBL) of Responsible Business is described by the words Profit, People, Planet, Ethics, and Equity (Triple ‘P’, double ‘E’). By focusing on Profit, a business ensures it is financially sustainable. By paying attention to People, a business focuses on its employees, suppliers, and customers.
What is the economic bottom line?
The bottom line refers to the net income of a company for a certain period. It is recorded on the bottom line of the net income financial statement. The bottom line is calculated by subtracting expenses from gross sales or revenues, and it shows how profitable the business was during a specific accounting period.
Who created the quadruple bottom line?
Schumpeter, J.A. (1911/1934). The theory of economic development.
What is a descending triple bottom breakdown?
A Descending Triple Bottom Breakdown is basically back-to-back Double Bottom Breakdowns. These breakdowns form three O-Columns that move lower and lower with each breakdown. Because there are three O-Columns and two X-Columns, the pattern is just as wide as a classic Triple Bottom Breakdown.
What is an organization’s bottom line?
The bottom line is a company’s net income, or the “bottom” figure on a company’s income statement. More specifically, the bottom line is a company’s income after all expenses have been deducted from revenues. A company’s bottom line can also be referred to as net earnings or net profits.
Why is earning per share called the bottom line?
Why is earnings per share called the bottom line? the income statement, because it shows what the firms operating income is and what their expenses are compared to what they are bringing in.
Is quadruple bottom bullish or bearish?
A triple bottom is a bullish chart pattern used in technical analysis that’s characterized by three equal lows followed by a breakout above the resistance level.
How reliable is a triple bottom?
— Triple Bottom is a bullish reversal chart pattern that analysts prefer to trade on with a long-term outlook. — The sideways formation of Triple Bottom is seen as the most reliable and profitable pattern. — Major technical indicators must have moved above their respective oversold conditions.
What does the quadruple bottom line stand for?
The Quadruple Bottom Line ( QBL) is a meme arguing that businesses should consider their economic, environmental, social and cultural sustainability when assessing their performance. The following site members have contributed to this page:
Why did New Zealand adopt the quadruple bottom line?
The New Zealand government has adopted this concept in consideration of its indigenous population and their welfare in the country, the Maori.
Why is it important to have a triple bottom line?
One proposal that has received a considerable amount of attention and support is the triple bottom line approach. It argues that it is important to hold organizations accountable for their financial, environmental, and social performance.
What is the purpose of the fourth bottom line?
The fourth bottom line, called purpose, is often expressed as spirituality or culture. So, what is it exactly and how does it promote social and environmental impact and business sustainability? Culture as a fourth bottom line is already in use.