EVERYDAY SCIENCE

Detailed explanation-1: -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-2: -The Triple Bottom Line Defined. The TBL is an accounting framework that incorporates three dimensions of performance: social, environmental and financial.

Detailed explanation-3: -The figure at the top of this page suggests that there are three pillars of sustainability – economic viability, environmental protection and social equity.

Detailed explanation-4: -Three pillars govern sustainability. These include social equity, economic viability, and environmental protection.

Detailed explanation-5: -The principles of sustainability are the foundations of what this concept represents. Therefore, sustainability is made up of three pillars: the economy, society, and the environment. These principles are also informally used as profit, people and planet.