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Publications » Les publications scientifiques » The “Triple Depreciation Line” instead of the “Triple Bottom Line”: Towards a genuine integrated reporting

The “Triple Depreciation Line” instead of the “Triple Bottom Line”: Towards a genuine integrated reporting

The “Triple Bottom Line” (TBL) is a major and increasingly used socio environmental accounting framework. However academic critical examinations of this model have remained scarce and most importantly, no real alternatives have been developed. Thus this theoretical paper provides a contribution to fill this gap. Firstly from a critical analysis of the TBL approach, we argue that this one suffers severe limitations. In particular, it does not protect human and natural capitals. As an answer to these problems, we propose and discuss an other accounting framework, the “Triple Depreciation Line” (TDL), which extends the powerful tool of capitalist accounting for preserving the financial capital, the Historical Cost Accounting and its planned depreciation, to human and natural capitals. To this end, we analyse and redefine the concept of capital in an ecological accounting context. We clearly specify the hypothesis on which the TDL relies, to facilitate comparisons and dialogues with other accounting models.