Meeting the 'triple bottom line' refers to
A)having acceptable profits, balance sheets, and cashflows.
B)having an adequate performance economically, socially, and environmentally.
C)satisfying all three of your main stakeholder groups simultaneously.
D)producing satisfactory financials for this year, next year, and the medium-term future.

Question

Quizplus · Accepted Answer

The triple bottom line is a business concept that refers to the adequate performance in three areas: economic, social, and environmental. This means that a company must not only focus on generating profits, but also on the impact it has on society and the environment. Therefore, option B is the correct definition of meeting the 'triple bottom line'. Option A refers only to financial aspects, while option C mentions stakeholder groups, but not the specific areas that make up the triple bottom line. Option D also only focuses on financials and does not consider social or environmental impact.

Meeting the 'Triple Bottom Line' Refers to