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www.iris-consulting.biz “Green Business and the 3Ps Concept: "People, Planet, Profit" 🟩 Green business is based on the well-known business concept of sustainability - 3Ps: "People, Planet, Profit" or "Triple Bottom Line". 🟧 According to this concept, the company’s operations should create a triple positive impact: 1. Social impact (PEOPLE), 2. Environmental impact (PLANET) 3. Economic impact (PROFIT). 🟦 The social impact (PEOPLE) of the company implies the impact on every person involved in the functioning of the company, for example, • employees, • suppliers, • consumers, • and the wider community. 🟨 Socially responsible companies: • pay fair wages, • invest in employee satisfaction, • maintain fair relations with consumers and suppliers, • and care about the community’s well-being. 🟩 The environmental impact (PLANET) of the company implies its impact on the environment through its operations, that is, through: • the manner of using and restoring natural resources, • the manner of waste management and • the level of pollution it may cause. 🟧 The economic impact (PROFIT) of the company implies its impact on the local, national and international economy. 🟦 A company can make a profit through: • reducing costs by saving resources, • using the opportunities from untapped markets and new consumers, • accessing green finance, and • introduction of energy-efficient technologies. #askirisconsulting #irisconsultingbiz #businesscoach #businessgrowth #businesstips #trending #explorepage #exploremore #explore