Triple bottom line is an approach to business management focused on financial, social, and environmental performance. It emphasizes positive results that have a positive impact on not just the financial outcome of a company, but also its social responsibility as a steward of natural resources and its duty to protect employees and customers.
By placing focus on achieving positive Triple Bottom Line outcomes, companies benefit both from improved performance efficiency and more meaningful connections to customers who align with their values.
A Triple Bottom Line model includes incentives around all three aspects of economic performance; it promotes greater transparency in decision-making within the company; and it ultimately ensures that profits are generated sustainably.
The Triple Bottom Line approach has become increasingly popular in recent years as companies embrace socially responsible practices that benefit people, planet and profit—ultimately creating a healthier balance sheet as well as a healthier world.
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