Question

What value do businesses using the tbl bring to society, and how might society be impacted if tbl were not a common business practice?

Answer 1

Profit, people and planet are the values do businesses using the TBL bring to society.

Especially in today's marketplace, companies that focus on social and environmental responsibility can also boost that more traditional metric: profit. "Using the TBL framework opens up many chances to increase revenues, decrease costs and build loyalty," Horowitz said.

The triple bottom line is a framework for change that businesses and other organizations can use to assist them transition to a more sustainable and regenerative future. The triple bottom line includes tools that assist in measuring, benchmarking, setting goals, enhancing, and finally evolving toward more sustainable systems and models.

The TBL "captures the essence of sustainability by quantifying an organization's influence on the world, including its profitability and shareholder values, as well as its social, human, and environmental capital.

Learn more about triple bottom line here

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