What does the term "triple bottom line" evaluate?

The term "triple bottom line" evaluates the intersection of social, environmental, and economic responsibilities of a company or organization. This approach goes beyond traditional financial metrics to assess how businesses impact the planet and society. By focusing on three key areas—people (social), planet (environmental), and profit (economic)—the triple bottom line encourages organizations to create value not just for shareholders but for all stakeholders involved. This holistic perspective aids in promoting sustainable practices that consider the broader implications of business operations, driving organizations to be accountable for their contributions to society and the environment alongside achieving financial success.