Final answer:
Triple Bottom Line (TBL) reporting benefits include social responsibility, environmental sustainability, and economic profitability. It provides a more comprehensive measure of a company's performance by considering its social and environmental impacts in addition to financial results.
Step-by-step explanation:
Which of the following benefits is consistent with the use of Triple Bottom Line (TBL) reporting? The answer is that TBL is a framework that expands the traditional reporting framework to include two additional dimensions: social responsibility and environmental sustainability, alongside the conventional economic profitability. Triple Bottom Line encourages businesses to measure and report not only financial outcomes but also their impact on society and the environment.
TBL reporting recognizes that companies should commit to focusing on social and environmental concerns just as they do on profits. This concept emphasizes the need for a balance between economic growth and the welfare of society and the environment. It encompasses a broader spectrum of values and criteria for measuring organizational success: economic, ecological, and social. In light of Figure 12.5, TBL suggests that a holistic approach is needed, and companies should strive to find an equilibrium point like 'T', which fosters environmental protection while maintaining economic output.