What is not one of the three P's in the triple bottom line concept?

Study for the CFA Sustainable Investing Certificate. Use flashcards and multiple-choice questions; each question provides hints and explanations. Prepare effectively for your exam!

The triple bottom line concept focuses on three key pillars: People, Planet, and Profit. This framework encourages businesses to measure their success not only by traditional financial metrics but also by their social and environmental impact.

The term "People" refers to the social aspect, emphasizing the importance of fair labor practices, community engagement, and overall social equity. "Planet" pertains to the environmental responsibility of companies, highlighting sustainable resource use and ecological balance. "Profit" represents the economic component, which assesses financial performance and profitability in conjunction with the other two dimensions.

"Principle" does not fit within this framework because it is not one of the established three pillars. The inclusion of only People, Planet, and Profit ensures a holistic approach to measuring an organization's impact on society and the environment alongside economic performance. This approach drives a more sustainable model of business that aligns financial success with positive social and environmental contributions.

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