Triple bottom line 

The triple bottom line is a business framework that evaluates a company’s performance based on three key dimensions: people, planet, and profit. 

• People refers to the social impact of the company, including labor practices, community engagement, and overall contributions to societal well-being.
• Planet encompasses the environmental impact, including resource use, waste management, and efforts to reduce ecological footprint.
• Profit measures the financial performance, focusing on economic sustainability and profitability.

This concept states that companies should not solely focus on generating profit— the standard “bottom line.” By balancing these three areas, the triple bottom line framework aims to promote sustainable business practices that benefit society, protect the environment, and ensure financial success.