Beyond Profit: Measuring and Maximizing the Triple Bottom Line in Business Performance

Abstract

In the contemporary business landscape, the traditional singular focus on profit maximization is undergoing a paradigm shift. The Triple Bottom Line (TBL) framework, encompassing social, environmental, and economic performance, has emerged as a holistic approach to measuring and optimizing business success. This article delves into the theoretical underpinnings of TBL, explores existing measurement methodologies, and analyzes strategies for maximizing each bottom line. Additionally, it highlights the potential benefits and challenges associated with TBL implementation, advocating for its integration into corporate decision-making for long-term sustainability and societal well-being.