Asked by Jenna Grace Milionis on Jul 21, 2024

verifed

Verified

Many businesses responded to sustainability by adopting a triple bottom line approach, taking into consideration social and environmental performance variables in addition to _______________.

A) managerial performance
B) economic performance
C) board of directors performance
D) customer focus
E) stakeholder focus

Triple Bottom Line

A sustainability framework that evaluates a company's performance based on three Ps: profit, people, and planet.

Economic Performance

A measurement of how well an economy is doing, based on factors like GDP growth, unemployment rates, and inflation.

Social Performance

The measurement and assessment of a company or organization's impact on its stakeholders and society at large, considering social, environmental, and economic factors.

  • Familiarize oneself with the responsibilities businesses have in ensuring economic and social sustainability.
verifed

Verified Answer

CD
Cameron DouglasJul 25, 2024
Final Answer :
B
Explanation :
The triple bottom line approach involves considering social and environmental performance variables in addition to economic performance. Therefore, option B is the correct answer as it completes the statement. The other options are not relevant to the triple bottom line approach.