Triple Bottom Line (TBL)

The Triple Bottom Line (TBL) is a concept that encourages businesses to focus on three key areas: People, Planet, and Profit. This means that companies should not only aim to make money (profit) but also consider their impact on society (people) and the environment (planet). By balancing these three components, businesses can operate sustainably, ensuring they contribute positively to society while minimizing their ecological footprint, leading to long-term success and responsibility. Essentially, TBL promotes a holistic approach to business that values ethical and sustainable practices alongside financial performance.