Multinational Corporations And Its Impact On The Environment Essay

Governments would traditionally act as a force of the people, by the people and for the people, but recently however, corporations have placed themselves within this relationship, to influence governments to act in their favor. A notable example in this sense is represented by the oil drilling companies, which continue to pollute and prevent alternative sources of energy from developing. Exxon Mobil has for instance spent millions of dollars to prove that global warming is a make belief phenomenon, rather than a real threat (Mandia).

In the era of capitalism and fierce corporate rivalries, the agenda for any major corporation is likely to prioritize profits over social problems such as environmental degradation. An example that sheds light on the conflict between human interests and environmental responsibility is the controversial approval of the oil drilling in the Northern Slope region of Alaska and the drilling that has already

In reference to your opening paragraph, the author of the textbook, The Environmental Policy Paradox, wrote that the problems policy makers and environmentalists face are economic and political. And this is also similar to what have discussed in class so far in regards to environmental regulations. Now you made a strong argument that “If American business is the engine of growth that our politicians make it out to be, why can't we find new ways to do things that save money, cut pollution, and make our companies more competitive,” this question can spark a heated debate that might probably have no end, most especially when you have a country that is governed by, technically, two- party system (Republicans and Democrats). Saying that many Republicans

If customers refuse to buy products from organization that do not value the environment, organizations will change to customer’s needs. Along with not buying products, customers should not invest with companies who do not value the environment and communities. “Economists incorporate the triple bottom line into their models of business decision making by assuming that many individuals will buy shares in companies that achieve the triple bottom line outcomes they want and will sell shares in companies that do not” (Douglas, 2012. Pg. 7).

There are several corporations causing harm to the environment through criminal activity that continually is unpunished. The environment is facing harm through food contamination, air pollution, ocean dumping, and water pollution. Companies are successfully committing these crimes by gaining the support of the government through illegal marketing.

Global economies are in a race to find resources to keep up with consumer demands. All of these demands are necessities that humans need to survive. Food, oil, and technology are all needed in the industrial era to live a normal to stable life. There’s a big cost to obtain these items through your local communities. Corporations run the world and are responsible for making food, oil, and technologies readily accessible for the public.

The majority of people in today’s global society have a false sense of security in believing that the effects of climate change will not take place until the very distant future, and are to dire to bear engaging. Environmental protection is currently one of the largest social issues facing different groups within society including; governments, special interest groups, everyday citizens and global organisations. The actions of organisations with regards to environmental sustainability are becoming a larger factor in business operations. Today’s more informed society expects businesses to perform out of the traditional economic measure of profit motive and adjust to society’s efforts to achieve modern sustainability goals. BHP Billiton (BHP) is the largest and leading global resources company, being the world’s largest producers of major commodities including; coal, copper, iron ore, nickel and uranium. BHP’s annual revenue for 2014 can be rounded off to $607,206million US Dollars and currently hires 128,800 employees and contractors over 141 locations. These figures not only represent how large BHP is, but they highlight the importance of BHP’s contribution to help achieve

Thirdly, economists claim that command and control policies are written by the EPA and legislators hence there exists a possibility that the policy might be politically compromised or biased (Hall., et al. (2013). In most cases, existing firms often lobby that stricter environmental standards should not be applicable to them but for infant, firms wishing to start production. Hence, real world environmental laws are filled with loopholes

Large corporations that do not think about pollution, or more importantly, do not care about what pollution does to the environment, could conceivably end up being victims of eco-terrorism.

When looking at the corporate businesses and the undoing of the human habitat; the United Nations has sanctioned many organizations to track climate change such as the UNEP, the World Meteorological Organization and the IPCC. Since the mid-eighties, these agencies have monitored the changes, yet have failed to convey the significance. Studies done by these agencies have concluded that the last fifty years are attributable to human activities and big corporations which lead to the changing in the compositions of the atmosphere throughout the 21st century (Saltori). These activities that are mentioned are those by means of businesses that grew into national conglomerates. Concurrent with business growth, the greenhouse gas emissions have grown seventy percent from 1970 to 2004 (Lehner). Recent studies have shown that 122 corporations produce eighty percent of greenhouse gases (IPCC). The climate is going to drastically change the world forever, but at whose expense? What exactly does the political eminence of these companies have

According to Article 14 of UN Norms, transnational corporations and other business enterprises are responsible for the environmental and

The economy today runs on an antiquated ritual of exploiting, plundering, devastation, and manipulation of land for material wealth, profiting the wealthy and condemning the poor. This mindset is no more sophisticated than feudalism, a system so bad it had to be outlawed along with witchcraft. The idea that exploitation of land is justified has brought plastics to the ocean and leveled rainforests. Large corporations have grown larger by manufacturing and production, depleting the planet’s resources in the process. Now, companies must make a combined effort to put the environment first, before profit. Because of their harmful practices, consumers have the right to know where products come from, how they’re made, and the impact on the environment. Furthermore, it is the responsibility of the large corporations to change their harmful practices, to make strides towards ending climate change and use clean, sustainable methods.

• Companies do not pay the full costs of their impact. For example the costs of cleaning pollution often fall on society in general. As a result profits of corporations are enhanced at the expense of social or ecological welfare.

With the development of the global economy, the interaction between environment and companies became more important, therefore, throughout macro environment analysis, which includes political, economic, social, environment, legal and technology (PESTEL) that provides an indispensable part in the comprehensive list to understand opportunities and threats on the businesses (Searle and Barbuto, 2010). In this industry, political, economy and technology would mainly influence the strategies, thus

By this old way of thinking, neither employees nor shareholders would like to see money being used to support some educational or social initiative instead of being used to pay profit sharing or dividends. For very long time, this dominant thought, together with the lack of awareness about the environmental and social impacts caused by companies, led to decades of a debate “corporations against society and environment”. Even though this debate persists nowadays influenced by left wing thinkers, big part of society and the executives started to see this relation as a synergy instead of as a competition.