What do we call the concept that integrates economic, environmental, and social dimensions into a company's values and objectives?

The concept that integrates economic, environmental, and social dimensions into a company's values and objectives is referred to as the triple bottom line. This framework emphasizes that businesses should not only focus on financial performance but also consider their impact on the environment and society as a whole. By measuring success through these three interconnected areas—profit (economic), planet (environmental), and people (social)—organizations can promote a more sustainable and ethical approach to business.

This increasingly recognized approach encourages companies to account for their environmental footprint and social impact, leading to practices that support sustainability and corporate responsibility. The triple bottom line challenges traditional business models by advocating for greater awareness of social and ecological effects, which is vital in today’s marketplace where consumers and stakeholders are more conscious of these issues.

Other concepts mentioned, such as corporate social responsibility and sustainable development, relate closely to the triple bottom line but focus more specifically on responsibilities or long-term sustainability goals rather than the integrated measure of success across all three dimensions. Stakeholder value emphasizes creating value for all stakeholders but does not inherently incorporate environmental and social dimensions as equal parts of performance measurement.