Triple Bottom Line TBL Flashcards
1
Q
What is the Triple Bottom Line (TBL)?
A
A sustainability framework that measures a company’s performance in three areas : People, Planet and Profit
Purpose : Balance social, environmental and financial goals for long-term success
2
Q
TBL Components
A
People : Social impact, employee well being and community development
Planet : Environmental stewardship, resource efficiency and emissions reduction
Profit : Financial performance and economic sustainability
3
Q
Why is TBL important?
A
- Encourages responsible business practices
- Aligns company goals with stakeholder expectations
- Drives innovation and long-term resilience