Describe the triple bottom line. What will be an ideal response?

QUESTION

Describe the triple bottom line.

What will be an ideal response?

ANSWER

The triple bottom line approach to sustainability suggests that when organizations benefit, society benefits as well—people have jobs and money, which ensures a high standard of living. It focuses on three aspects of the corporate bottom line: social, environmental, and economic—people, planet, and profits. Companies compete successfully in the marketplace when all stakeholders are content.