People Planet Profit

People Planet Profit. The phrase “people planet and profit” to describe the triple bottom line and the goal of sustainability was coined by John Elkington in 1994 while at SustainAbility and was later used as the title of the AngloDutch oil company Shell&#39s first sustainability report in 1997 As a result one country in which the 3P concept took deep root was The Netherlands.

The TBL consists of three elements profit people and the planet The triple bottom line aims to measure the financial social and environmental performance of a company over time Author Will KentonOccupation Vice President of Content.

“People, Planet, Profit” – It’s not a triple bottom line

People planet and profit are the 3Ps of sustainable businesses There was a time when financial success was the only kind that mattered in the corporate world But times are changing—and today organizations are defining measuring and achieving success in increasingly diverse ways It’s time to believe in change for good.

Triple bottom line Wikipedia

In a truly sustainable business “people planet profit” is not a triple bottom line – it is a math equation and it looks like this People + Planet = Profit The profit is an inherent result of providing value to the people value to the planet In a sustainable business profit should never exceed value nor should it be less.

People, Planet, Profit: The Triple Bottom Line GCU Blog

The people planet and profit theory holds that a business must ensure that all people affected by it will benefit in some way For the company’s employees this might mean paying adequate compensation ensuring safe working conditions and even encouraging employees to understand the value of their work.