BEYOND THE TRIPLE BOTTOM LINE CONCEPT: ADDING SPIRITUAL LEVEL DIMENSION

Abstract

Visionary business activities are business activities that are able to survive, grow, and learn and are sustainable in the long term. Business sustainability will be achieved if there is harmony between financial and non-financial aspects consisting of the pillars of profit, planet, and people (the triple bottom line). The TBL approach is conceptually easy in a theoretical setting but difficult when it comes to the practical realm. One of the problems faced is aligning the three existing pillars and implementing them in a balanced way. This is the basis for the need for a spiritual concept of balance so that balance and harmony between the three pillars of TBL can be realized. The element of spirituality becomes the foundation and guide for directing the company's operational activities towards harmony and conformity. The point is that there is a synergy between the three pillars of TBL, where no one is more dominant than the other. Integrating economic, social, and environmental pillars based on increasing spiritual awareness transforms the Triple Bottom Line concept into a new concept, namely the Quadruple Bottom Line (people, planet, profit, and piety).

Keywords

• sustainable development
• tri hita karana
• quadruple bottom line