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Theoretical and Practical Contexts of Triple Bottom Line Performance and Reporting: Implications for the Tourism Sector

Faux, Jeffrey (2005) Theoretical and Practical Contexts of Triple Bottom Line Performance and Reporting: Implications for the Tourism Sector. Tourism Review International, 9 (1). pp. 95-105. ISSN 1544-2721

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Abstract

Triple Bottom Line (TBL) is defined and explained within the context of a broad philosophical approach to business and a more narrow perspective of reporting performance. The impact of the broader notion of sustainable development, with its macro- and microdimensions, on TBL, is also discussed along with alternative ideological imperatives. The theoretical perspectives consider the effect of legitimacy and accountability theories on reporting and performance in the tourism sector. The operational level of TBL assumes the adoption of the responsible business philosophy of being accountable for the economic, environmental, and social outcomes of the organization and moves the discussion along to the reporting of relevant issues and the determinants of quality reporting. The need for a reporting perspective is considered within the user, stakeholder, and societal assurance perspectives. An example of the infancy of the process is demonstrated through a discussion of performance reporting by Earth Sanctuaries Ltd., an Australian company. Earth Sanctuaries Ltd. is a unique case as it generates revenue from tourism activities in order to support its primary conservation objective.

Item Type: Article
Uncontrolled Keywords: ResPubID8582; triple Bottom Line, sustainability, performance and reporting, Earth Sanctuaries Ltd., Australia
Subjects: FOR Classification > 1506 Tourism
Faculty/School/Research Centre/Department > School of Accounting
FOR Classification > 1503 Business and Management
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Depositing User: VUIR
Date Deposited: 20 Mar 2012 03:54
Last Modified: 20 Mar 2012 03:54
URI: http://vuir.vu.edu.au/id/eprint/2753
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