Sustainable Tourism: Assets vs P&Ls
One of the most compelling ideas in sustainability has been Elkington’s “Triple Bottom Line”. The idea has its origins in accounting – where income minus expenses reveal “a bottom line” that shows either a profit or a loss. The idea that we could consider positive and negative outcomes from economic, social/cultural, and environmental impacts to give us a sense of whether we doing well or not has become ubiquitous. While there are issues with the TBL (Elkington himself tried to “recall it”), it certainly helped conceptualize the challenge...