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Triple Bottom Line (TBL)
Triple Bottom Line (TBL) is a framework that measures the performance of an organization in three dimensions: economic, social, and environmental. It emphasizes considering not only financial profit (the traditional bottom line) but also the organization's impact on people and the planet. The economic dimension assesses financial performance, the social dimension evaluates social responsibility and stakeholder engagement, and the environmental dimension focuses on sustainability and ecological impact. The TBL approach aims to achieve a balance between profit, social well-being, and environmental conservation, recognizing that sustainable success requires considering broader impacts beyond financial measures.
Specialism:
Procurement Strategy Sustainability
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