CIPS Exam L4M8 Topic 6 Question 38 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 38
Topic #: 6

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 Ryan at Jul 04, 2024, 12:01 PM

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Garry

4 months ago

Wow, a packaging manufacturer reinventing their profits in recycling machinery? That's some next-level sustainability right there.

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Luther

3 months ago

It's definitely a step in the right direction towards creating a more sustainable future.

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Ahmed

3 months ago

Absolutely, the triple bottom line approach helps ensure a more holistic view of sustainability.

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Lovetta

4 months ago

Yes, it's important for organizations to consider not just profits, but also people and the planet.

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Yvonne

4 months ago

That's really impressive! It's great to see companies taking sustainability seriously.

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Lashandra

5 months ago

Yes, it's crucial for organizations to measure their impact on profits, people, and the planet in order to ensure long-term success and sustainability.

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Heike

5 months ago

I believe that by using the 3Ps/TBL, organizations can make more sustainable decisions and contribute positively to society.

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Elenor

5 months ago

Wait, so a driving instructor is using hybrid vehicles to teach people how to drive? That's like the greenest driving lesson ever!

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Sharan

4 months ago

I agree, it's important for organizations to consider not just profits, but also people and the planet.

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Cordelia

5 months ago

Exactly, it's all about finding ways to be sustainable and environmentally friendly.

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Reita

5 months ago

That's really cool! It shows how businesses can make a positive impact on the environment.

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Vincent

5 months ago

Yes, it's a great example of focusing on the 'Planet' aspect of the triple bottom line.

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Ulysses

5 months ago

The part about setting objectives and monitoring progress using KPIs is crucial. You can't just rely on the TBL alone, you need to take action.

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Marget

5 months ago

I like how the example explains how different companies are implementing the 3Ps in their operations. It really helps illustrate the concept.

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Refugia

5 months ago

Company B is prioritizing people by donating their end-of-life computers to local youth clubs.

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Virgina

5 months ago

Company A is focusing on profits by investing in recycling machinery for their cardboard waste.

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Leota

6 months ago

The 3Ps/TBL concept is all about balancing profits, people, and the planet. It's a great way for organizations to track their sustainability efforts.

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Carlota

5 months ago

User 2

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Sherman

5 months ago

User 1

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Lucy

6 months ago

I agree, it helps organizations to focus on not just profits, but also people and the planet.

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Antione

6 months ago

I think the concept of 3Ps/TBL is really important for organizations to consider.

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