The triple bottom line or the three P’s (2024)

In this section we will be looking at the 3Ps; People, Planet, and Profit of sustainability.

The triple bottom line or the three P’s (2)

© RMIT University 2017

The 3Ps of sustainability are a well-known and accepted business concept. The Ps refer to People, Planet, and Profit, also often referred to as the triple bottom line.

Sustainability has the role of protecting and maximising the benefit of the 3Ps. Green programs take care of people. They acknowledge the planet’s needs by respecting its valuable resources, and they aim to produce profit without waste.

The triple bottom line (TBL) is the idea that companies prepare three separate bottom line measurements. The TBL is a version of the balanced scorecard approach, and ultimately what a company measures is most likely to get the most attention. However, companies rarely measure the social and environmental impact of their business.

What this highlights is that the relation between business and green mindset, in order to reach and maintain realisation, may not be as straightforward as we expect it to be.

The triple bottom line or the three P’s (3)

The articles below introduce a few other 3P models that may be of interest.

Activity

Based on concepts of TBL, reflect on whether you think businesses are really engaged in achieving sustainable practices, or rather is it economic growth that is still the ‘main game’ of businesses, governments and investors?

Post your thoughts in the Comments area below.

© RMIT University 2017

This article is from the online course:

Business Futures: Sustainable Business Through Green HR

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Business Futures: Sustainable Business Through Green HR

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The triple bottom line or the three P’s (2024)

FAQs

The triple bottom line or the three P’s? ›

The TBL dimensions are also commonly called the three Ps: people, planet and profits.

What are the 3 p's of the triple bottom line? ›

The TBL dimensions are also commonly called the three Ps: people, planet and profits.

What is the triple bottom line? ›

What Is the Triple Bottom Line (TBL)? In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet.

What do the 3 P's represent? ›

If you want your business to succeed, you absolutely must focus on three key variables: people, process, and product. The three Ps, as they're often called, provide the highest return for your efforts because they act as the cornerstone for everything your business does.

What are the three Ps of the Triple P method? ›

The three Ps in 'Triple P' stand for 'Positive Parenting Program' which means your family life is going to be much more enjoyable. Triple P helps you: Raise happy, confident kids. Manage misbehavior so everyone in the family enjoys life more.

What were the 3 P's? ›

The second objective of the Early nationalists was to influence the British government and the British public. To achieve this objective, they made use of three P's i.e. petitions, prayers and protests. They sent petition request and letters of protest to the British government to look into the problems of the Indians.

What do the three P's stand for? ›

The three p's of first aid form the foundation of effective emergency response. By understanding the importance of preserving life, preventing deterioration, and promoting recovery, you can make a significant impact on the outcome of an emergency.

Which best describes the triple bottom line? ›

Triple bottom line theory expands conventional business success metrics to include an organization's contributions to social well-being, environmental health, and a just economy. These bottom line categories are often referred to as the three “P's”: people, planet, and prosperity.

Is triple bottom line a theory? ›

The triple bottom line is a business concept that states 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.”

How to implement 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.

What are the 3 P principles? ›

The 3Ps of sustainability are a well-known and accepted business concept. The Ps refer to People, Planet, and Profit, also often referred to as the triple bottom line. Sustainability has the role of protecting and maximising the benefit of the 3Ps.

What does 3 P's mean slang? ›

3P (plural 3Ps) (slang) A threesome.

What are the 3 P's of life? ›

Passion, purpose, and perseverance are the three Ps that help drive success to a different level. Passion refers to a strong emotional attachment to something. Purpose refers to an individual's sense of direction and meaning in life.

What are the three P's method? ›

Here are a few tips and techniques you can apply to get more done and feel more productive using the three P's of time management: Planning, Prioritizing and Performing.

What theory is triple P based on? ›

Triple-P intervention is a parent instruction methods made according to familial behavior therapy based on social learning theory basics of Bandura (5). The effect of Triple-P confirmed in treatment of behavioral problems and parenting styles of parents ineffective (6).

Is triple P parenting legit? ›

The Triple P system represents a transformational approach to improving the health and wellbeing of the community at large. To our knowledge, the Triple P system is the only parenting program shown to improve parenting practices and child development outcomes when evaluated at a population level.

What is the 3 P's in marketing? ›

This, then, is the "3 P's." And there is only one logical order for the 3 P's and that is price, then place, then promotion. As a restatement of a brand's positioning strategy, a brand's core benefit proposition suggests what pricing strategy it should use.

What is the 3 PS model? ›

The 3Ps model or Cognitive Behavioral Model (CBM) of chronic fatigue syndrome is a theory that proposes that CFS can be explained by predisposing, precipitating and perpetuating factors.

What do the P's within the three P's theory stand for? ›

As experts in strategy consultancy, our team at Wingman suggest that the “three Ps: Purpose, people and process” are crucial in enhancing and connecting commercial and cultural ways of working so that teams within organisations flourish together and deliver quality results.

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