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Chapter 11 #48

c) Profit, People, Planet

The concept of “Triple Bottom Line” in Corporate Responsibility and Ethics emphasizes three key factors: Profit, People, Planet. This framework encourages businesses to extend their focus beyond financial performance to include social and environmental considerations. “Profit” refers to the traditional measure of corporate success, “People” indicates the company’s social responsibility towards its employees and the community, and “Planet” represents environmental stewardship. The Triple Bottom Line approach promotes sustainable business practices, highlighting the importance of balancing economic growth with social equity and environmental protection.