Recognizes that a company’s performance should be viewed not only in terms of its ability to generate economic profits for its owners, as has traditionally been the case, but also in terms of its impact on people and the planet.

Triple bottom line

Explanation:

This is the practice for many private companies this days, as they try to be social, economical and enviromentally profitable.

It's generally accepted to be the case when a company has the following certificates:

ISO9001/ISO9000 (for managment) ,

ISO 26000 (for societal) and

ISO 14001 (for the environment)

paragraph 2 I hope sorry if it's wrong