The triple bottom line or the three P’s (2024)

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The triple bottom line or the three P’s? ›

In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet.

The TBL dimensions are also commonly called the three Ps: people, planet and profits. We will refer to these as the 3Ps. Well before Elkington introduced the sustainability concept as "triple bottom line," environmentalists wrestled with measures of, and frameworks for, sustainability.

If you want your business to succeed, you absolutely must focus on three key variables: people, process, and product. The three Ps, as they're often called, provide the highest return for your efforts because they act as the cornerstone for everything your business does.

The Ps refer to People, Planet, and Profit, also often referred to as the triple bottom line. Sustainability has the role of protecting and maximising the benefit of the 3Ps. Green programs take care of people.

The basis of corporate social responsibility is a strategy that seeks a balance between the social, environmental and economic aspects. These three aspects provide the basis for the 3 Ps: People, Planet & Profit.

In his classic article, the late Professor Warren Winkelstein wrote that “the three P's—pollution, population, and poverty—are principal determinants of health worldwide. . . .”2(p932) The three P's are interrelated: Population growth is associated with poverty, and both poverty and popula- tion growth are associated ...

A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level.

Take a restaurant for example. The food is the product, but everything else involved in the experience is a service: the quality of the hostessing and serving staff (people), how quickly the food is served (process), and the restaurant's ambiance (physical environment).

Sustainable development is based on three fundamental pillars: social, economic and environmental. The Brundtland report, which sustainable development is gets its name from – delineated the development of human resources in form of extreme poverty reduction, global gender equity, and wealth redistribution.

Corporate social responsibility, or CSR, helps to boost a company's public image and reputation among its employees, as many people choose to work for a business that does good in the community. Types of CSR include philanthropic efforts, volunteerism, environmental and sustainability initiatives and humanitarianism.