Start learning 50% faster. Sign in now
The classical view was focussed on maximising the profit at all costs. Later the concept of 3 P (Profit, people, planet) or triple bottom became important. The phrase “the triple bottom line” was first coined in 1994 by John Elkington, the founder of a British consultancy called Sustainability. His argument was that companies should be preparing three different (and quite separate) bottom lines. One is the traditional measure of corporate profit—the “bottom line” of the profit and loss account. The second is the bottom line of a company's “people account”—a measure in some shape or form of how socially responsible an organisation has been throughout its operations. The third is the bottom line of the company's “planet” account—a measure of how environmentally responsible it has been. The triple bottom line (TBL) thus consists of three Ps: profit, people and planet.
What type of musical instrument is a Dholak?
Assertion (A): Inflation benefits creditors more than debtors.
Reason (R): During inflation, the value of money decreases, and the real value of ...
Recently where did the Union Agriculture Minister inaugurate the Integrated Command and Control Center (ICCC) in Krishi Bhawan?
What major achievement is associated with PR Sreejesh’s hockey career?
Which of the following institution releases the environmental performance index?
Recently, where was the ‘Krishi Integrated Command and Control Centre’ inaugurated?
In which year did the Third Battle of Panipat take place?