The triple bottom line (TBL) is an accounting framework that incorporates three dimensions of performance: social, environmental, and financial. This framework encourages businesses to commit to focusing on social and environmental concerns just as they do on profits. When a group of trading partners uses the TBL to measure its performance, they are focusing on sustainable business practices. This involves assessing the impacts of their activities not only on profitability (economic performance) but also on people (social performance) and the planet (environmental performance), aiming for a balanced approach to business success. References: Elkington, J. (1994). "Towards the Sustainable Corporation: Win-Win-Win Business Strategies for Sustainable Development," California Management Review.
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