Comprehensive and Detailed Explanation From Exact Extract of Documents:
The economic pillar of the Triple Bottom Line refers to the creation of financial value while
maintaining responsibility toward stakeholders. The L5M5 study guide (p.179) explains that
sustainability in procurement is not only about compliance with social and environmental standards
but also about ensuring financial viability. Activities such as delivering shareholder returns, managing
costs, and achieving long-term profitability fall under the economic dimension. "Legal" is not one of
the TBL pillars, and while law supports governance, it is not itself a sustainability principle. Therefore,
creating value for shareholders through responsible economic performance is clearly categorised
under the economic aspect of TBL.
📖Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.179