Triple Bottom Line
Triple Bottom Line is employed to suggest that the performance of business firms should not only be judged and reported on purely financial conditions, but also on Social Responsibility and Environmental Responsibility.
The 3 Bottom lines: Planet, Profit and People
- Planet (Natural Capital) denotes to sustainable environmental exercises. A TBL business organization attempts to profit the natural order as much as possible or at the lowest degree and do not curtail and harm environmental impact.
- Profit (Financial Capital) is the bottom line apportioned by all commerce, painstaking or not. In the original conception, within a sustainability framework, the "profit" panorama involves to be considered as the economic benefit delighted by the host society. It is the permanent economic affect the company has on its economic environment. This is frequently bewildered to be limited to the internal profit constructed by a business organization. As a consequence, a TBL approach cannot be translated as conventional corporate social and environmental impact.
- People (Human Capital) concerns to beneficial and fair business exercises toward the community, region and labor in which a corporation carries on its business.
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