Which term refers to balancing environmental, economic, and social considerations in decision making?

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Balancing environmental, economic, and social considerations in decision making is described by the Triple Bottom Line. This framework expands success beyond profit to include people and the planet, encouraging choices that are financially viable, environmentally sustainable, and socially equitable. In practice, decisions are evaluated along three dimensions—economic viability, environmental impact, and social well-being—and trade-offs are considered to achieve overall sustainability. For instance, a project might save money but harm local communities or ecosystems, so the Triple Bottom Line prompts weighing these effects rather than focusing solely on financial gain. Sustainable development is related but broader, emphasizing meeting present needs without compromising future generations, while the term in question specifically refers to the three-part evaluation framework. Biodiversity and lithosphere are ecological concepts, not decision-making frameworks.