What does the triple bottom line (TBL) encompass?

The triple bottom line (TBL) approach encompasses a broad perspective that integrates the social, environmental, and economic aspects of sustainability. It emphasizes the importance of balancing three critical components: people, profit, and the planet.

By focusing on "people," TBL considers the social equity and community implications of business operations, including how organizations impact their workforce, customers, and the communities in which they operate. The "profit" aspect reflects the traditional economic measure of success, ensuring that businesses remain viable and profitable. Lastly, the "planet" component addresses environmental sustainability, highlighting the necessity for businesses to operate in ways that do not harm the ecosystem or deplete natural resources.

This holistic approach encourages companies to go beyond mere financial profitability by incorporating strategies that promote social responsibility and environmental stewardship. In this context, TBL serves as a framework for businesses to assess their overall impact and strive for sustainable success in all areas of operation.