The concept of economic, social, and environmental performance is referred to as what?

The concept of economic, social, and environmental performance is referred to as the "Triple Bottom Line." This framework emphasizes the idea that businesses should commit to focusing not only on financial profits but also on their impact on society and the environment. The term highlights the interconnectedness of these three areas—economics, social equity, and environmental stewardship—arguing that sustainable business practices consider all three aspects rather than prioritizing profits alone.

In essence, the Triple Bottom Line promotes a holistic view of success for organizations. It encourages businesses to measure their performance in a way that reflects their responsibility towards people (social), planet (environmental), and profit (economic). This concept is integral to developing sustainable business strategies that would appeal to socially conscious consumers and investors.