SCIENCE
ENVIRONMENTAL SCIENCES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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belief that companies should commit to focusing as much on social and environmental concerns as they do on profits
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belief that companies should commit to focusing more on social and environmental concerns than they do on profits
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belief that companies should commit to focusing less on social and environmental concerns than they do on profits
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None of the above
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Detailed explanation-1: -The TBL dimensions are also commonly called the three Ps: people, planet and profits. We will refer to these as the 3Ps. Well before Elkington introduced the sustainability concept as “triple bottom line, ” environmentalists wrestled with measures of, and frameworks for, sustainability.
Detailed explanation-2: -The “triple bottom line” stands for the idea that firms’ performance should not be assessed in merely economic terms, but along three dimensions: social, environmental, and economic (the “three Ps”, for People, Planet, and Profit). Since its inception 25 years ago, this idea has permeated into business practice.
Detailed explanation-3: -Triple bottom line is important because it affects everyone. It does not just focus on business and corporate leaders, but also social communities and the business’s impact on the planet. This accounting framework provides: A more sustainable future that considers both social and environmental sustainability.
Detailed explanation-4: -Based on the Triple Bottom Line, what is the main idea of sustainability? Answer: B. business and non-business activities.