Triple Bottom Line
The triple bottom line is a framework that assesses an organisation’s performance in three areas: economic, social, and environmental. This approach emphasises the importance of businesses and organisations considering not only their financial profitability but also their impact on society and the environment. The TBL framework recognizes that a company’s success should be measured by its ability to create value for shareholders, as well as for society and the environment. The three dimensions of the TBL, also known as “Profit, People, and Planet,” are widely used in sustainability and corporate social responsibility efforts to promote a holistic and balanced approach to organisational performance.