Elkington’s Triple Bottom Line

• Who developed the Triple Bottom Line model?

  John Elkington
• What does the Triple Bottom Line model emphasize beyond profit?

  Environmental and social performance
• In what year was the Triple Bottom Line model introduced?

  1994
• What does "the bottom line" refer to in business terms?

  Net income on the income statement
• What are the three components of the Triple Bottom Line?

  Planet, profit, and people
• What is the ideal balance in the Triple Bottom Line model represented by?

  A Venn diagram
• What recent shift in focus was discussed by Jamie Dimon and other business leaders?

  From shareholders to stakeholders
• How should businesses adjust their strategies according to the Triple Bottom Line model?

  Incorporate environmental and social considerations
• What are the implications of adopting the Triple Bottom Line model for businesses?

  • Encourages sustainable practices
  • Balances profit with social and environmental goals
  • Enhances corporate reputation
  • Attracts socially conscious consumers
• What are the potential benefits of shifting focus from shareholders to stakeholders?

  • Improved community relations
  • Increased employee engagement
  • Long-term sustainability
  • Better risk management