Question

Explain the Relationship between tripe bottom line and social responsibility

Answer 1

FROM INVESTOPEDIA:

In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. the three elements of TBL is,social, environmental, and financial.

On the other hand, social responsibility is used to describe businesses' integration of social and environmental issues into decisions, goals, and operations.

Answer 2

In economics, the triple bottom line (TBL) maintains that companies should commit to focusing as much on social and environmental concerns as they do on profits. TBL theory posits that instead of one bottom line, there should be three: profit, people, and the planet