Question
What is the triple bottom line of sustainability? Social, Environmental and Economic Social Environmental, Social and Marketing Economic, Marketing and Environmental
Answer
4
(332 Votes)
Declan
Master · Tutor for 5 years
Answer
A
Explanation
The Triple Bottom Line (TBL) concept proposes that business performance be evaluated based on three dimensions: Social, Environmental, and Economic. The TBL dimensions are also referred to as people, planet, and profit. In short:1. Social: This dimension focuses on the impacts of an organization on its people and community. It involves aspects such as respect for employees' rights, optimal working conditions and community engagement.2. Environmental: This dimension considers the environmental impacts of the company’s operations, including resource use, waste generation, pollution, and greenhouse gas emissions. The idea here is to make sure corporations are accountable for the footprint they leave on our natural world.3. Economic: Although traditional capitalistic business practices prioritize profit above else, in TBL approach, this pillar hasn’t lost its importance but now also considers companies generating economic vitality in the areas it operates.Given:A. Social, Environmental and Economic: This covers all three parts of the TBL and is therefore the correct answer.B. Social: While this is part of the TBL, it leaves out Environmental and Economic, making it incomplete for our definition of TBL.C. Environmental, Social and Marketing: Although the answer includes two components of TBL, it replaces Economic with Marketing, which is outside the TBL bounds.D. Economic, Marketing and Environmental: In this choice, Marketing takes the place of Social. Like choice C, it deviates from the the definition of TBL.Thus, the correct answer is A. The Triple Bottom Line of Sustainability is Social, Environmental and Economic.