Asked by allison brockington on Jun 01, 2024

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What is the triple bottom line? What does it measure?

Triple Bottom Line

A sustainability-based accounting framework that evaluates a company's performance in terms of its environmental, social, and financial impacts.

  • Explain the concept of the triple bottom line and its evaluation metrics.
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Zybrea KnightJun 04, 2024
Final Answer :
The triple bottom line consists of three Ps: profit, people and planet. It aims to measure the financial, social and environmental performance of the corporation over a period of time.
The triple bottom line suggests that firms should be focusing on three interdependent measures of success.
One is the traditional measure of corporate profit; the second is a measure of a firm's employees and a firm's responsibility throughout the organization. The third pertains to how environmentally responsible a firm has been.