Triple Bottom
The "Triple Bottom Line" (TBL) is a framework that encourages businesses to focus on three key areas: people, planet, and profit. This approach emphasizes that companies should not only aim for financial success but also consider their social and environmental impacts. By balancing these three elements, organizations can contribute to sustainable development and create long-term value.
In practice, the TBL encourages businesses to adopt ethical practices, reduce their ecological footprint, and support community well-being. This holistic view helps companies measure their overall success beyond traditional financial metrics, promoting a more responsible and sustainable approach to business operations.