Optimizing Corporate Value: A Comprehensive Study of Triple to Quadruple Bottom-Line Reporting and Its Impact on the Performance of Tata Consultancy Services

Asha Sharma¹ , Aditya Mishra²

1. Dept. of Accountancy and Business Statistics, University College of Commerce & Management Studies, Mohanlal Sukhadia University, Udaipur, Rajasthan, India.
2. Dept. of Electronics and Communications Engineering (ECE), College of Technology and Engineering, Maharana Pratap University of Agriculture and Technology, India.

Section:Research Paper, Product Type: Journal-Paper
Vol.10 , Issue.1 , pp.9-12, Jan-2024

Online published on Jan 31, 2024

Copyright © Asha Sharma, Aditya Mishra . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
Societal support is necessary for businesses to grow sustainably. Proper reporting can fulfil the stakeholders’ requirements. Reporting is the tool to maintain the best governance to avoid frauds, manipulations, scams, and collapse of businesses and the economy. Reporting on sustainability is now being emphasized. The most important challenges of our time, such as climate change, community health, education, and business sustainability, must be centered on society`s well-being and satisfaction. Now, the emphasis is on reporting`s non-financial components rather than its financial ones. This paper aims to investigate how TCS is presenting sustainability performance to various users. Triple bottom line i.e. people, planet, and profit as sustainability reporting of TCS have been explored in this research paper to know the value Relevance of Triple Bottom-line Reporting. It is found that rather than economic factors, social and environmental factors of the bottom line are important predictors of shareholders` wealth. It can be concluded that social and environmental factors within the bottom line are pivotal indicators of shareholders` wealth, with a significant emphasis on the social dimension. However, there appears to be a relatively weaker impact on the economic aspect within the bottom line. The term "Prosperity" a fourth reporting viewpoint in the form of Quadruple Bottom-Line besides people, planet, and profit, is recommended to make this reporting system even better. The context of the Quadruple Bottom Line (QBL) for the financial performance of companies involves examining and harnessing multiple dimensions beyond traditional financial metrics. QBL typically encompasses economic, social, environmental, and governance aspects. Incorporating the term "prosperity" extends the scope to a holistic evaluation of a company`s overall well-being and success.

Key-Words / Index Term :
Sustainability reporting, Triple-Bottom lines, Quadruple-Bottom lines, Prosperity, Market Capitalisation

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