Compliance Management

Definition of Compliance Management as it relates to Business, Supply Chain Management, Corporate Governance

Triple Bottom Line: A holistic approach to strategic planning and business operations that encompasses not only financial success, but also social responsibility and environmental sustainability. It is a framework that considers three pillars: profit, people, and planet. The goal is to create long-term value for all stakeholders through ethical and responsible decision making. This includes considering the impacts of business practices on employees, communities, and the natural environment, and taking action to minimize negative consequences while maximizing positive outcomes. A Triple Bottom Line strategy aligns with a sustainability strategy, as it seeks to balance economic growth with social equity and environmental protection for the greater good.

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