Question

Explain how the Triple Bottom Line framework enables the organization to establish Social Sustainability, to strengthen Economic Sustainability, to be able to downside risks, to meet the vision and mission effectively, to enhance Environmental Sustainability, to ensure productivity is at the highest level, to provide a systematic integration of sustainability into the organization and to provide additional strategic and operational leverage for businesses as they seek to succeed and grow in today’s complex world.

Answer 1

According to TBL theory, companies should be working simultaneously on these three bottom lines:

Profit: This is the traditional measure of corporate profit—the profit and loss (P&L) account.
People: This measures how socially responsible an organization has been throughout its history.
Planet: This measures how environmentally responsible a firm has been.

TBL theory also says that if a company focuses on finances only and does not examine how it interacts socially, then that company is not able to see the whole picture, so cannot account for the full cost of doing business.