Question

Discuss the impacts of the Economic Growth Model on the Triple Bottom Line (TBL) of environment, economics, and equity- and discuss how a fashion (or related) company can transition to a new ecological-economics paradigm that will specifically affect the Triple Bottom Line.

Answer 1

Tripple bottom line is a way of planning an organization's impact on people , environment, and equity. Tripple bottom line is one of the important system used by companies to evaluate the profit they are making through corporate sustainable solutions. The economic growth model on tripple bottom line is the companies economic capital under the tripple bottom line should be measured in terms of how much capital every company has on economic environment. The controlling of environment bottom line refers managing and reporting the uses and waste. Every company can maintain and report of environment bottom line depends on thier size and structure of business. Tripple bottom line in economics believes that companies should commit to focus as like as they focus on profit. Tripple bottom line should consist of elements like financial, environmental, social.

A fashionn company can transition to a new ecological economic paradigm by using the circular economy and sustainability principles and techniques. A new paradigm in fashion company would be done by transparency and right method for fashion business. If the fashion companies using these methods it will affect tripple bottom line.