What Is the Triple Bottom Line and How Does It Work?

EHL Hospitality Insights | March 5, 2024

In a world where corporate greed and profiteering have been cited as two of the primary drivers behind the ongoing cost-of-living crisis that’s increasing financial hardship across Europe, the idea that businesses could exist for any reason other than profit seems hard to fathom. However, there’s a school of thought, called the triple bottom line (TBL), which suggests that businesses should be just as committed to improving the lives of people and the planet as they are to boosting their profits. In this article, we’ll explore: What is the triple bottom line? What are the three Ps? How do they apply to the hotel and ...