The Triple Bottom Line is a framework for measuring an organization’s performance along three dimensions: people, planet, and profit, or the “3 Ps.” A theory of corporate social responsibility, businesses that employ the Triple Bottom Line take responsibility for the impact they have on people and the planet, not solely focus on profits, by making the well-being of their employees, communities, and the environment a core component of its strategy and vision for long-term sustainability.
What is Triple Bottom Line, and what are best practices, tools and templates for teams and organizations?
Definition of Triple Bottom Line
Description of Triple Bottom Line
The Triple Bottom Line is embedded in the concept of “shared value,” in which companies view social problems as opportunities and enact policies and practices that build competitive advantage while also improving the economic and social prospects for employees and communities affected by their operations. Value creation is generated jointly by the company and the communities in which it operates and is integral to, not separate from, driving profits and growth. Companies can create competitive advantage through shared value by developing products, services, and markets that meet social and environmental needs and serve new populations. In addition, they can increase productivity in the value chain by conserving energy and natural resources, operating in locations that would benefit local communities while causing minimal environmental disruption, as well as ensuring employee well-being and productivity. One of the key challenges facing companies hoping to employ the Triple Bottom Line is determining what metrics to use for the people and planet dimensions, as there is no single measure of success in those domains.
Tools & Templates
Triple Bottom Line templates are typically reports on cultural norms and current environmental and social conditions.
upBOARD's Online Triple Bottom Line Tools & Templates
Unlike most traditional Triple Bottom Line techniques, upBOARD’s online Triple Bottom Line collaboration tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.