Transnational corporations are companies who’s business activities have an influence on economic, social, and environmental outcomes in more than one country. There are some similarities in principles, expectations, and motives between countries regarding these matters, however there are also some differences too. This makes it vital for companies to consider these issues, in order to be socially responsible on an international scale as well as a national scale. (Boddy 2012) states that corporate
the performance of Chevron Corporation Nowadays, increasing customers worried about the negative effects that large companies put on environment especially some energy industries. Chevron Corporation is one of largest multinational energy corporations in the world which has branch offices in more than 100 countries. It is engaged in all the aspects of gas and crude oil, which include exploration, production, marketing, chemicals manufacturing and so on (Chevron Corporation. n.d.). Although Chevron
Benefit Corporations or B Corporations, want to be the change in the world by using business to combat social and environmental problems (B Lab, 2014. “Why B Corps Matter.”) . Designed for profit companies that want to consider their impact on society in addition to making a profit, B Corporations aim to “redefine success in business” (B Lab, 2014. “Why B Corps Matter.”). Whereas a traditional corporation has a goal to generate as much revenue and profit as possible, Benefit Corporations also work
During the course of the semester, I continue to placed high emphasis on the Brundtland commission because it give birth to the word “sustainable development” which environmental policy makers continue to relied on to enhance environmental protection. Authors of International Environmental Law and Policy for the 21st century, Nanda and Pring, write, “The message of the Brundtland Report was that it is possible to achieve a path of economic development for the global economy which meets the need
Equity One and the Las Vegas Sands Corporation are the only two North American real estate organizations to submit their sustainability report on-line to the Global Reporting Initiative. Equity One is a real estate investment organization that buys, develops, renovates, and manages shopping centers in urban neighborhoods and large residential communities across America. Their shopping centers are similar to the ones you may find in your larger metropolitan neighborhoods and includes restaurants and
consecutive year (Orwell, 2014). Known for its exorbitant executive salaries, “golden parachutes”, and lavish management perks during the infamous financial bailouts of 2009, AIG still struggles to regain consumer confidence (Orwell, 2014). Multiple corporations grapple with how to meet the ethical standards of corporate social responsibility in today’s global economy. Becoming a triple bottom line company would help a business meet its ethical obligations and demonstrate its sustainability progress to
Research Proposal Draft Research Question & Introduction: What is the relationship between how a public health issue is framed and how efficiently a Multinational Corporation can be held accountable? Using the case studies of the Tobacco Industry and the case specific Fossil Fuel Industry, ExxonMobil, I intend to research the impacts of the impact framing an issue framed has on the effectiveness of holding an industry accountable for their violations. To determine how the issue was framed in the eyes of
which outlines the legal capacity and power of a company. The Corporations Act 2001 (Cth) s 57A1, defines a corporation as a separate legal entity, that includes any corporate body and unincorporated bodies that may sue, be sued or hold property in the name of an office holder appointed for that purpose. In context of corporate governance, the main issue is with the current legislation is in regards to director’s duties. Under the Corporations Act 2001 (Cth) s1802, directors have a civil obligation to
Introduction Environmental damage that is caused by just one individual is exclusively minor which causes it to be unnoticed, whereas a major group of people, such as a large corporation harming the environment at once causes major harm to society. More than a century of industrial development has caused negative environmental impacts such as global warming, ozone depletion, and air and water pollution. These are recognized as global environmental problems that need immediate solutions. Climate change
Sony Corporation’s is one of the world’s largest corporations. Sony was founded in 1946 with its headquarter in Japan. It produces a variety of products, such as consumer’s devices, gaming, and communication devices. Its invention of the portable tape recorder was the break that the company needed in order to grow and enter other markets. (Corporate Info, 2015). Corporation’s main purpose is to achieve the highest profit and to satisfy the stakeholder involved (Krishnan, 2011). This encapsulated