Most accounting rulebooks define “the bottom line” as a company’s net earnings. But back in 1994, the British author and entrepreneurship expert, John Elkington, put forth a different framework for assessing value.
He termed it “triple bottom line.”
Elkington believed that net earnings should be determined by three metrics: financial, social, and environmental. The total value of any business then, was not only its monetary worth, but also its social and environmental merit. In Detroit, an organization known as FoodLab, is helping to build a community of food-focused, triple-bottom-line businesses. Here are three standouts, serving fair, sustainable, and profitable food right at home.