The term “triple bottom line” was coined in 1994, but it has never been more relevant to the trillion-dollar green construction industry—and to the planet—than it is today.
First applied to socially responsible business, triple bottom line can apply to all kinds of projects in the built environment. The concept incorporates a long-term view for assessing potential effects and best practices through three lenses:
- People (social capital): All the costs and benefits to the people who design, construct, live in, work in, and constitute the local community and are influenced, directly or indirectly, by a project.
- Planet (natural capital): All the costs and benefits of a project on the natural environment, locally and globally.
- Profit (economic capital): All the economic costs and benefits of a project for all stakeholders.
Reprinted courtesy of Taryn Holowka, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.