Vishal Melwani1

In a typical organisation, the strategic goals are primarily towards Financials (profit improvement) and Employees (people improvement). Triple Bottom Line suggests incorporating a third strategic goal - Environment. By incorporating this change, companies can focus on our planet's sustainability as well, as this is an important initiative for the betterment of the planet.
 
The 3 P's of Triple Bottom Line:
Profit - Focus on company's financial performance, stakeholder profit, RoI etc. People - Focus on employee benefits, wellbeing, CSR activities, etc. Planet - Focus on reducing carbon footprint, impacting climate change, etc.  
How to embrace this change?
It's not easy to implement Triple Bottom Line, especially since companies are not well equipped with making changes that impact the last P - Planet. Some of the steps organisations can take towards this goal are:
Embrace change management - It is vital to arrive at an open mindset to deploy and manage change management in the company, especially something as large as reducing carbon foot print. Small changes equal larger change - Start implementing changes at grass root level. By conducing workshops and awareness sessions to people at the ground level, will create the most impact since they typically constitute 60-65% of the workforce. Assign goals - Start assigning goals such as zero carbon foot print, pollution emission levels, etc. Start with higher goals and break them down in to sub-goals such as number of trucks used for transportation, reams of paper used for printing etc.  
Companies that have embraced Triple Bottom Line:
Apple Inc. - Apple has publicity stated their 2030 goal is to be completely carbon neutral. They have taken steps in this direction by shipping out smaller packaging, introducing watch straps with 100% recyclable material, not shipping chargers with phones, etc. DHL - To reduce pollution, DHL has started implementing bicycle delivery mechanism, as opposed to cars and trucks. Their target is to reduce CO2 emissions by 150 metric tonnes a year Novo Nordisk - This Denmark based Pharma company started implementing Triple Bottom Line before anyone else, in the year 2004. They commit towards the three P's as mentioned before.