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TOOLS OF THE TRADE Figure 9-2 Mapping Page for TBL HOME ABOUT THIS TOOL CALCULATE YOUR TBL CASE STUDIES BETA FEEDBACK


Source: www.tbltool.org


The TBL Tool helps the shopping-center industry respond to sustainability imperatives by providing:


 A way to consider all three dimensions of sustainability (environment, society and economy) and their interconnections. Previously, attention had focused primarily on environmental or “green” aspects of sustainability.


 A standard framework to understand and communicate alignment with TBL goals. Standardization helps ensure meaningful comparison across projects and contexts. Further, the process for creating the tool was rigorous, transparent, inclusive, and pragmatic—providing confidence that the tool is both scientifically valid and responsive to practitioner concerns.


 Guidance regarding best practice, without being overly prescriptive regarding how to get there. While the tool provides a standard definition of TBL economic


INTERNATIONAL COUNCIL OF SHOPPING CENTERS 4


development goals, it allows end-users ample latitude to determine how an investment can best meet the defined goals and performance objectives.


 Roadmap to improved performance. The TBL report generated for a project allows a user to drill down from goals, to performance areas, to measures, providing a transparent and efficient way to see potential areas where a project might be improved.


 Benchmarks and lessons learned to support improved industry practice over time. As the tool is used over time, specific areas for improvement can be identified and appropriate training material created to strengthen industry capacity.


Moving Forward With time, the TBL Tool can be a powerful asset to help


the shopping-center industry design for, assess, and communicate triple bottom line performance.


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RETAIL PROPERTY INSIGHTS VOL. 20, NO.2, 2013


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