ENTREPRENEURSHIP

Detailed explanation-1: -What Is the Triple Bottom Line (TBL)? In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet.

Detailed explanation-2: -Triple bottom line theory expands conventional business success metrics to include an organization’s contributions to social well-being, environmental health, and a just economy. These bottom line categories are often referred to as the three “P’s”: people, planet, and prosperity.

Detailed explanation-3: -It can be broken down into “three Ps”: profit, people, and the planet.

Detailed explanation-4: -Corporate social responsibility is the approach taken by a company that wishes to create a positive (or at least neutral) impact on the environment and society while maintaining its economic activity. These three pillars – economy, environment and society – are also known as the 3Ps: People, Planet, Prosperity.