The 3Ps of Sustainability - Move to Impact (2024)

Why would an organization make the 3 Ps important?

For years, the priority of organizations has been to maximize the dividend for shareholders. However, acting purely on this motivation is harmful to both society and the economy. By focusing only on the added economic value and excluding the impact on society and the environment, shareholders steer purely in the short term.

Climate change and inequality are driven by the organization’s motivation to cut costs, regardless of social or environmental disadvantages. Short-term profit management creates long-term unforeseen costs. It is difficult to express the direct costs of damage to the ozone layer, destruction of the rainforest or exploitation of children in developing countries. However, organizations should also include these costs in their business operations.

A business strategy focused on the short term harms its own business model in the long term. Not only reputation damage could lead to a business risk in the future. Doing business in a world that is slowly going down is not good for the continuity of the company.

The 3Ps of Sustainability - Move to Impact (2024)

FAQs

The 3Ps of Sustainability - Move to Impact? ›

Move to Impact explains. The basis of corporate social responsibility is a strategy that seeks a balance between the social, environmental and economic aspects. These three aspects provide the basis for the 3 Ps: People, Planet & Profit.

What are the 3 P's of sustainability? ›

The 3Ps of sustainability are a well-known and accepted business concept. The Ps refer to People, Planet, and Profit, also often referred to as the triple bottom line. Sustainability has the role of protecting and maximising the benefit of the 3Ps. Green programs take care of people.

What are the 3 S's of sustainability? ›

Sustainability is often broken into three intertwined pillars or categories: social sustainability, economic sustainability, and environmental sustainability. Together, these three forms of sustainability are known as the "three pillars of sustainability."

What are the 3 E's of sustainability? ›

All Three E's

Expand on bibliographies from this project and develop displays that highlight existing materials on the three E's of sustainability—ecology, economy, and equity.

What are the 3p sustainable goals? ›

To create a better future, we need to think beyond the “bottom line.” I'm on a mission to increase awareness and adoption of the people, planet, profit framework so that more businesses can achieve sustainable success.

What does the 3 PS stand for? ›

The three Ps in first aid is an easy framework for responding to a medical emergency. The three P's stand for preserving life, preventing deterioration, and promoting recovery.

What are 3 principles of sustainability? ›

The 3 principles of sustainability are environmental sustainability, social sustainability, and economic sustainability. These principles guide us in creating a balanced and sustainable future for our planet and its inhabitants.

What are the 3 pillars of sustainability? ›

Sustainable development is based on three fundamental pillars: social, economic and environmental.

What are the 3 main dimensions of sustainability? ›

The Agenda includes 17 goals, valid for everyone around the world, articulated along the three dimensions of sustainable development: economic, social and environmental.

What are the three core concepts of sustainability? ›

Sustainability is ability to maintain or support a process over time. Sustainability is often broken into three core concepts: economic, environmental, and social. Many businesses and governments have committed to sustainable goals, such as reducing their environmental footprints and conserving resources.

What are the big three sustainability? ›

The “Big Three” institutional investors, BlackRock, State Street Global Advisors and Vanguard, have significant influence on the environmental, social and governance (ESG) policies and related disclosure for public companies.

What are the 3 R's in sustainability? ›

Reduce, Reuse, Recycle.

What are the 3 Ps of management? ›

Marcus Lemonis believes that the three “P”s successful businesses need to manage are People, Process, and Product. Of the three “P”s, “people” are the most important. Without good people, good processes and good products only do so much.

What are the 3 P's of CSR? ›

What are the 3 P's? People, planet, profit. These are the basis for social and environmental responsibility by companies, as well as fair and ethical business practices. This all ties back into corporate social responsibility and the pyramid of corporate social responsibility.

What are the 3 elements of sustainability? ›

Sustainability's three main pillars represent environmental concerns, socially responsible practices, and economic cooperation. These three pillars are also informally referred to as people, planet, purpose, and profits. It's useful to understand the terms sometimes used in place of the three pillars.

What is the Triple P model of sustainability? ›

The triple bottom line can be broken down into “three P's”: profit, people, and the planet. Firms can use these categories to conceptualize their environmental responsibility and determine any negative social impacts to which they might be contributing.

What is the 3Ps strategy? ›

If you want your business to succeed, you absolutely must focus on three key variables: people, process, and product. The three Ps, as they're often called, provide the highest return for your efforts because they act as the cornerstone for everything your business does.

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