The Triple Bottom Line Framework

The need for sustainability is ever more critical in today’s economic environment. The triple bottom line framework, which looks at a business’s impact on the environment, social well-being, and the economy, is gaining prominence. The Planet, People, and Profit are the three pillars of sustainability, all of which are equally important for organizations. Going beyond just profit and considering the social and environmental impact can result in benefits like satisfied consumers, improved brand image, and new business opportunities. Sustainability cannot be achieved by a one-size-fits-all approach and requires attention to each of the three pillars.