The triple bottom line measures more than just profit and loss. It captures a different way to measure organizational success. In practical terms, it is a way to measure not just financial performance, but the performance of social and ecological performance.It has been described this way.
The Three P’s: Profit, People, Planet
Financial profitability, social equity and environmental sustainability.
The three Pillars
Here is a company really getting it done in a super competitive industry
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Energy has become one of the most significant concerns in the 21st century. The need for energy has continued to increase and it has become difficult to meet this demand. Coal is poised to be one of the most important sources of energy but it is facing the challenge of environmental impact. To ensure that coal becomes an important source of energy in the world, it is important to put in place a framework for sustainable coal mining. The government should play bigger roles in regulation of coal mining and ensure environmental impact assessment is carried out first. The government should shut down mines if they continuously ignore the law. Fines are not sufficient deterrents for coal mines to supply with safety standards and protect the people and the planet.
For more information visit http://www.triplebottomlineapproach.com and http://www.democracyandconflict.com