The Triple Bottom Line (TBL) is a business framework that expands the traditional focus on profit to include social and environmental concerns. Instead of solely pursuing financial gain, TBL encourages companies to consider their impact on people and the planet. This means making decisions that are ethically sound, environmentally sustainable, and economically viable.
Essentially, a company embracing the TBL strives to achieve success in three key areas: profit, people, and the planet. It's about creating a more sustainable and responsible way of doing business.
Match the terms with their definitions:
| Term | Definition |
|---|---|
| 1. Profit | A. The well-being of individuals and communities affected by a company's operations. |
| 2. People | B. The financial gain a company makes after deducting expenses. |
| 3. Planet | C. Minimizing environmental impact and promoting sustainability. |
| 4. Sustainability | D. Meeting the needs of the present without compromising the ability of future generations to meet their own needs. |
| 5. Ethics | E. Moral principles that govern a person's behavior or the conducting of an activity. |
The Triple Bottom Line considers three key aspects: ________, ________, and ________. Companies that adopt this framework aim to be both financially successful and socially and environmentally ________.
How can high school students contribute to promoting the principles of the Triple Bottom Line in their schools and communities?
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