Comprehensive and Detailed Explanation From Exact Extract of Documents:

The concept of the Triple Bottom Line (TBL), also referred to as the "3Ps," is a framework that

assesses organisational success through People, Planet, and Profit. These dimensions highlight the

balance between social equity (people), environmental stewardship (planet), and economic

performance (profit). According to the CIPS L5M5 study guide (p.3), procurement and supply

professionals are expected to incorporate sustainability into decision-making processes, ensuring

that business practices do not only create economic value but also deliver positive social and

environmental impacts. "Product" and "Placement" are not part of the TBL model, as they are

marketing-related concepts, not sustainability measures. This principle ensures procurement

strategies align with corporate responsibility and long-term sustainable growth.

📖Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.3