CIPS Exam L4M8 Topic 13 Question 40 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 40
Topic #: 13

[All L4M8 Questions]

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 Darrel at Jul 12, 2024, 09:49 PM

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Felicitas

8 months ago

The 3Ps/TBL sounds like a great way to measure sustainability, but I'm curious - do they have a 4th P for 'Procrastination' to account for all the organizations that just talk the talk but don't walk the walk?

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Ciara

7 months ago

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Dominga

7 months ago

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Bronwyn

8 months ago

Definitely. It's not just about measuring sustainability, but also taking action to improve it.

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Gabriele

8 months ago

I believe organizations should set objectives based on the 3Ps and monitor them with KPIs.

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Gearldine

8 months ago

Ah, the 3Ps - Profits, People, and Planet. The holy trinity of sustainability! Now if only we could get organizations to balance them as easily as the Holy Trinity balances the Father, Son, and Holy Spirit.

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Ora

8 months ago

The 3Ps/TBL is like a sustainability scorecard - it tells you how you're doing, but doesn't necessarily tell you how to improve. That's where the organization's strategy and execution come into play.

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Ruthann

6 months ago

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Carlee

7 months ago

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Derrick

7 months ago

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Benton

7 months ago

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Leanna

7 months ago

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Pearline

8 months ago

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Alva

8 months ago

I agree. It's important to consider profits, people, and planet.

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Bronwyn

8 months ago

Yeah, it's a great way to measure sustainability in organizations.

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Huey

8 months ago

I like how the example shows how the 3Ps can be applied in different ways, from recycling machinery to donating computers to using hybrid vehicles. It really illustrates the versatility of this framework.

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Lea

8 months ago

The 3Ps/TBL is a great way to measure sustainability, but it's just the first step. The real challenge is setting meaningful objectives and implementing KPIs to drive real change.

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Ailene

8 months ago

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Elizabeth

8 months ago

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Alva

8 months ago

I think the concept of 3Ps/TBL is really interesting.

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