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The findings suggest how to measure sustainable performance for industrial companies and highlight the differences in the degree of use for the three dimensions of TBL. (2018), "Triple bottom line and sustainable performance measurement in industrial companies", Revista de Gestão, Vol. Once it has become clear the need for a paradigm shift towards a sustainable performance measurement, a new way to define organisation’s sustainable performance has advanced, the triple bottom line (TBL) approach (Elkington, 1998; Harris , 2001; Pava, 2007; Norman and Mc Donald, 2004; Colbert and Kurucz, 2007).This set of indicators is intended to be used by industrial companies as a reliable instrument to sustainable performance assessment of the current stage of the TBL deployment and provide alternative approaches to address specific issues related to the environmental, social and economic sustainability. The TBL adds both social and environmental dimensions to the traditional economic results to measure a firm’s performance from a sustainable perspective.Despite its importance, there have been some difficulty and controversy in defining what sustainability is (Lélé, 1991; Doppelt, 2008), especially on how to translate it into business frameworks and practices.
Given the importance of the theme and the need for differentiation for unequal realities, several scholars have tried to shed some light on how to integrate sustainability measurement in organisations from different sectors.
Thus, studies depict sectors such as minerals (Azapagic, 2004); textiles (Zamcopé , 2007).
The GRI is a network with experts and representatives from various sectors of society present in over 40 countries around the world, and it has been determining the guidelines to sustainability reporting with the participation of several important stakeholders (GRI, 2008).
Table II presents the social and environmental aspects defined by the GRI guidelines.
These aspects are “the general types of information that are related to a specific indicator category, e.g., energy use, child labour, customers” (GRI, 2008) and will be used as a proxy for the data gathering in this research.
This study aims to describe how TBL approach has had been taking into account regarding the firm’s performance measurement.
In this fashion, this paper aims to propose a minimum set of indicators to be measured by industrial companies to represent their performance according to the TBL approach.
To do so, the instrument for data collection was threefold: for the economic dimension, we used 20 BSCs typical indicators, according to Henri (2009); 9 and 22 indicators from Global Reporting Initiative (GRI) (2008) for environmental and social dimensions, respectively.
Outcome measures without performance drivers do not communicate how the outcomes are to be achieved”.
Simons (2000) also stresses that a well-designed BSC should allow a balance between short and long-term objectives and outcome (lagging) and process (leading) measures, besides establishing both objective and subjective measures for firm’s performance.