How NBFCs are adopting the Triple Bottom Line framework to balance social, environmental, and financial goals.
The Triple Bottom Line focuses on three Ps: Profit, People, and Planet, emphasizing holistic business growth.
Profit: Financial performance. People: Social responsibility. Planet: Sustainable environmental practices.
TBL encourages NBFCs to adopt sustainable methods, supporting small businesses, agriculture, and eco-friendly loans.
Triple Bottom Line improves accountability in NBFCs, ensuring better reporting and reduced energy consumption.
A healthier, purpose-driven work environment helps NBFCs retain skilled employees and boost workplace satisfaction.
It’s easy to track profits, but measuring social and environmental outcomes in concrete terms remains difficult.
Sustainability initiatives can lead to higher costs, affecting affordability for consumers and budgets for NBFCs.
NBFCs struggle to maintain profitability while adhering to Triple Bottom Line principles for long-term benefits.
TBL sparks meaningful change in NBFCs by promoting sustainability, despite challenges in implementation.