What is Triple Bottom Line (TBL)

1.

Describes a situation where companies harmonize their efforts to be economically viable, environmentally sound, and socially responsible, presented in a stand-alone publication. Learn more in: Strategic Responses of Public Sector Entities to GRI Sustainability Reports

2.

The idea of triple P also known as triple bottom line stands on the base of three pillars namely people, planet and profit which measures the impact of the company on local and global scale via sustainability. Measuring the input that these companies take from the society will give the requirement to return to the society. Learn more in: An Empirical Study on Green Initiatives by S&P BSE SENSEX Companies in India at the Outlet of Companies Act, 2013

3.

A combination of people, planet, and profit. Learn more in: Sustainability: A Comprehensive Literature

4.

TBL assembles three sustainability aspects, i.e., environmental, social, and economic; hence, it forms the three widely accepted pillars of sustainability. Learn more in: Service Only Supply Chain: Sustainable Practices for Achieving Higher Performance and Sustainable Development Goals

5.

The three organizational performances in response to sustainability. It consists of economic, social, and environmental performances. Learn more in: Sustainable Inventory Management in Hotels

6.

This concept, which was created in 1994 by Elkington, refers to the fact that companies should focus on three bottom lines: (1) habitual evaluation of corporate profit; (2) social responsibility; and (3) environmental responsibility. This concept involves profit, people, and planet. It aims to evaluate the financial, social, and environmental performance of an organisation. Learn more in: Emerging Trends in Business Ethics, Corporate Social Responsibility, and Sustainability