The Triple Bottom Line - What Makes a Business Sustainable?

While the concept of operating a sustainable businessbusiness. What is good for the people, is good for
has been gaining momentum over the past fewthe planet is good for the business. While many focus
years, many still question what it means. In this articlesolely one the Planet when addressing sustainable
we'll take a look at what "sustainability" means andbusiness practices, there is clearly more to the overall
how you can make your business become morepicture.
sustainable?Companies around the World are beginning to be held
Within environmental discussions, sustainability refersto higher standards of corporate social responsibility,
to sustaining the planet and all life on it. However,including the environmental impact of their business
when addressing business practices, the term takespractices. Achieving true sustainability should be a goal
on a much broader meaning.for all businesses. To focus of the "triple bottom line"
The concept behind creating a more sustainableand strive for growth in these 3 areas of people,
business is simple. For any business to maintain aplanet and profits it will assure a successful business.
competitive advantage and achieve long-termIn future articles we'll take a closer look at each of
success in today's economy, it must focus and excelthe three aspects of the "triple bottom line". There
in the following 3 areas:are many factors which come into play within each
1. People - Business must treat all individualsof these three aspects of sustainability which
(employees, customers, and the community) fairly.deserve a more detailed explanation. Any way you
2. Planet - Business must operate in anlook at it, to operate a sustainable business simply
environmentally responsible manner.means that you are focused on the future. It only
3. Profits - Business must achieve an acceptablemakes sense to care about more than just the
return on investment and a healthy bottom line.bottom line. When businesses begin to shift their
These 3 principles, working together, create aattention from profits to people and the planet
synergistic element, thus sustaining a healthyeveryone wins.