Answer:
Step-by-step explanation:
The People Planet Profit (PPP) model is a sustainability framework that emphasizes the interconnectedness of three important aspects of modern society: social well-being, environmental sustainability, and economic prosperity. The PPP model is also known as the Triple Bottom Line (TBL) framework.
Here's a breakdown of what each component of the PPP model means:
People: The "People" component of the PPP model refers to the social dimension of sustainability. It emphasizes the importance of ensuring social well-being and improving the quality of life for all people, including workers, customers, and local communities. This can involve issues such as fair labour practices, human rights, diversity and inclusion, health and safety, and community engagement.
Planet: The "Planet" component of the PPP model refers to the environmental dimension of sustainability. It emphasizes the importance of protecting natural resources and ecosystems, reducing carbon emissions, and mitigating the impacts of climate change. This can involve issues such as renewable energy, waste reduction, water conservation, sustainable land use, and biodiversity.
Profit: The "Profit" component of the PPP model refers to the economic dimension of sustainability. It emphasizes the importance of achieving economic prosperity while also considering the social and environmental impacts of business activities. This can involve issues such as ethical business practices, responsible supply chain management, and innovation for sustainability.
The PPP model is based on the idea that businesses and organizations can create value not just for shareholders, but also for society and the environment. By considering the impacts of their activities on people and the planet, organizations can create long-term sustainable value that benefits both the company and society as a whole. The PPP model is increasingly being used as a framework for corporate sustainability reporting, as well as for assessing the social and environmental impacts of investments and policies.