The new economic laws of the Triple Bottom Line (people, planet, profit,) and Full Cost Full-Cycle Accounting for All Businesses
Last edited 7.10.25. (G)
Sustainable prosperity is created through the new principles of sustainable economics by all businesses and organizations embracing fair and appropriate exchange, the Triple Bottom Line Principle, as well as full-cost, full-cycle accounting for products and production, in managing and determining economic profitability. Full cycle accounting prevents individuals, businesses, or nations from exporting and externalizing ANY costs (including particularly all forms of pollution or other harms to society from things like the costs of alcohol, cigarette, or gambling addiction,) related to the full production and safe disposal cycle of their product to any other entity, including taxpayers.
Full cost accounting ensures that full consequences are captured for those who have created them. The Triple Bottom Line also redefines profit in terms of sustainability, which involves fair and appropriate exchanges, the profit of stakeholders (investors and employees) within the organization, and the community, nation, and environment in which the organization exists.
Profitability that generates profit for the organization but unfairly exports costs and harms to the individual, community, environment, biosystems, or even the nation is not sustainable or based on fair-exchange profitability. The Triple Bottom Line accounting would reveal all such costs and help ensure that they are fully recaptured by the source of these costs.
The triple bottom line when applied to all nations and businesses equally creates a level and fair playing field and it clearly helps to show at an environmental level which companies are truly profitable and which companies or nations are stealing from their communities their nations and other nations by failing to capture the full environmental and community costs of their production. A great example of the triple bottom line factor at work is the carbon pollution fee, which has a 100% direct dividend to the public plan.