Utilizing a Triple Bottom Line Approach for your Future Success
By Arnold Macalintal
Yes, businesses can do good while also maintaining a healthy balance sheet and income statement. That’s the premise behind a triple bottom line approach, also known in some circles as TBL, or 3BL. The intent isn’t just to meet the company’s financial bottom line—it’s to focus on two others as well: social and environmental impact. The idea is to give equal consideration to the importance of people, planet and profit for the overall betterment of the business....