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Increasingly, companies worldwide are changing the way they value and manage their key stakeholders, broadening who they include in that spectrum (e.g.: employees, customers, their entire supply chain, even “watchdog” advocates who monitor their practices, etc.), as well as profit for their shareholders, by implementing more inclusive and compassionate policies, practices and environments.
“Triple Bottom Line” the 3P of people, planet, profit has become a mantra, albeit, for many corporations it’s still only that: words. Yet, just the fact that it’s entered the mainstream lexicon means there is growing recognition of the need to measure not just the financial, but also the social and environmental performance of corporations. I believe with the enhanced attention of social media combined with millennials entering the workforce and consumer base, we are approaching a tipping point of 3P becoming more of a guiding force.
Via David Hain
