The triple bottom line is an accounting framework with three parts: social, environmental and financial. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. Business writer John Elkington claims to have coined the phrase in 1994.

What is the triple bottom line concept?

The triple bottom line is a business concept that posits firms should commit to measuring their social and environmental impact—in addition to their financial performance—rather than solely focusing on generating profit, or the standard “bottom line.” It can be broken down into “three Ps”: profit, people, and the ...

How do you do the triple bottom line?

Take the framework of People, Planet, Profit and examine each one. Start by writing down all actions related to each of the three. Don't worry about "good or bad" just actions the company has in each of the three areas. To think of actions, evaluate by department.