The TBL framework aims to create a more sustainable and equitable business model by considering the impact of a company's operations on all three dimensions: economic, social, and environmental.

Customer satisfaction is not a component of the Triple Bottom Line. The TBL focuses on the impact of a company's operations on its stakeholders, including employees, customers, suppliers, and the community.

The TBL framework differs from traditional financial reporting by considering not only economic factors, but also social and environmental factors. This allows for a more comprehensive assessment of a company's performance.

Adopting a TBL approach can lead to increased profitability, improved brand reputation, and reduced regulatory risk. By considering the impact of their operations on all stakeholders, companies can create a more sustainable and resilient business model.

Employee satisfaction, customer loyalty, and supplier diversity are all examples of social impacts that a company can measure using the TBL framework.

By using renewable energy sources, reducing waste and pollution, and investing in energy efficiency, a company can reduce its environmental impact according to the TBL framework.

Stakeholders play a crucial role in the TBL framework. They provide input on the company's TBL goals, they are affected by the company's operations, and they hold the company accountable for its TBL performance.

A company can communicate its TBL performance to stakeholders through sustainability reports, annual reports, social media, and other channels.

Companies face a number of challenges in implementing a TBL approach, including lack of data and metrics, resistance from traditional stakeholders, and difficulty in measuring social and environmental impacts.

Despite the challenges, it is important for companies to adopt a TBL approach because it can lead to increased profitability, improved brand reputation, and reduced regulatory risk.