Question

If you are business owner, how will you apply the concept of Triple Bottom Line in your business organization?

Answer 1

The triple bottom line aims to measure the financial, social, and environmental performance of a company over time. ... TBL theory holds that if a firm looks at profits only, ignoring people and the planet, it cannot account for the full cost of doing business.

Answer 2

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Triple bottom line (TBL), in economics, believes that companies should commit to focusing as much on social and environmental concerns as they do on profits.

TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet.

A TBL seeks to gauge a corporation's level of commitment to corporate social responsibility and its impact on the environment over time.

TBL theory holds that if a firm looks at profits only, ignoring people and the planet, it cannot account for the full cost of doing business.