LEED Green Associate Practice Test

What does the 'Triple Bottom Line' concept encompass in organizational decision-making?

1. Cost, efficiency, and quality

2. People, planet, and profit

3. Products, prices, and promotion

4. Shareholder value, market share, and customer satisfaction

The correct answer is: People, planet, and profit

The 'Triple Bottom Line' concept is a framework that encourages organizations to focus on three critical dimensions of sustainability: people, planet, and profit. This approach fosters a more holistic evaluation of organizational success beyond just financial performance. By prioritizing people, organizations consider their social impact and stakeholder well-being, ensuring that their actions benefit communities and employees. The planet aspect emphasizes environmental stewardship, urging companies to minimize their ecological footprint and contribute to the health of the planet. Finally, profit reflects the traditional economic measure of success, highlighting the importance of maintaining financial viability. This balanced consideration of social, environmental, and economic factors allows businesses to create sustainable practices that promote long-term success and resilience. Other options focus too narrowly on specific business metrics or traditional profit measurements without addressing the broader impact on social and environmental well-being integral to the 'Triple Bottom Line' philosophy.