CIPS Exam L4M8 Topic 12 Question 35 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 35
Topic #: 12

Explain the concept of the 3Ps/TBL and how it can be used by an organization.

AExplanation:
Trying to measure how sustainable an organization was used to be challenging undertaking. How-ever, during the 1990s, a concept brought up by American John Elkington change the way sustainability was measured. This framework is known as the triple bottom line (TBL) and measures sustainability in relation to organizational performance and investment against the 3Ps (1) Profits (2) People (3) Planet. For example;
Profit: A packaging manufacturer reinventing its profits in a State- of-the-art recycling machinery for it wasted cardboard.
People: A large privately owned call center donate its end of life computers to a local youth clubs and social groups to help gain internet cases.
Planet: A driving instructors using only hybrid vehicles to teach her learners, thus to reducing Co2 emission.
The TBL, although a useful tool, is simply a way of recording how sustainable an organization is. Alone, it does not contribute towards any improvements or generate any actions promoting a more favorable, sustainable outlook. Objectives should be set in relation to what the 3Ps show and then monitored by implementing KPIs or other measuring methods.

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by Georgeanna at May 22, 2024, 06:59 PM

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Leontine

5 months ago

Ah yes, the 'triple bottom line' - sounds like something straight out of a business school textbook! Though I suppose measuring sustainability is better than just chasing profits at any cost.

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Josephine

5 months ago

This is a pretty dry topic, but the examples they provided actually make it kind of interesting. I'm curious to see how companies might get creative in applying the 3Ps to their unique business models and challenges.

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Paris

4 months ago

Company C could address the 'Planet' component by sourcing sustainable materials for their products or implementing waste reduction strategies.

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Tayna

4 months ago

Company B might prioritize the 'People' aspect by implementing employee wellness programs or community outreach initiatives.

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Mozelle

4 months ago

Company A could focus on improving profits by investing in energy-efficient technology to reduce costs.

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Peggie

5 months ago

The TBL seems like a smart way to hold organizations accountable for their overall impact, not just their bottom line. I wonder if there are any industries or sectors that struggle more than others to implement this framework effectively.

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Edelmira

5 months ago

I like how the 3Ps go beyond just financial performance and consider the social and environmental impacts as well. It seems like a great tool for companies to identify areas for improvement and set meaningful sustainability goals.

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Antonio

4 months ago

User 2

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Dawne

4 months ago

User 1

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Leandro

5 months ago

It's important for companies to consider their impact on people and the planet as well.

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Renea

5 months ago

I agree, the triple bottom line approach provides a holistic view of sustainability and encourages organizations to think beyond just financial gains.

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Miss

5 months ago

Absolutely, by looking at profits, people, and the planet, companies can make more informed decisions and work towards a more sustainable future.

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Zena

5 months ago

Yes, the 3Ps framework really helps organizations focus on more than just profits. It's important to consider the impact on people and the planet too.

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Mattie

6 months ago

The 3Ps/TBL framework sounds like a comprehensive way to measure an organization's sustainability. The examples given really illustrate how it can be applied in different areas - from recycling to community support to eco-friendly practices.

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