Wednesday, 25 August 2021 13:19

Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and triple bottom line

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Triple bottom line theory consists of three bottom lines: profit, people, and the planet. Also, a TBL measures a company’s commitment level to corporate social responsibility and the corporation’s impact on the environment. Once the shops and malls are looted, the business owners won’t feel safe to do their business in that place and they will choose to close up their shops since their efforts and profits will get stolen by these looters. Therefore, looting of shops and malls will affect businesses because the shops will be closed and there won’t be profits or people, and since a shop is not running it cannot be socially responsible.