Are you aware that the world’s 3,000 largest corporations cause over 2.2 trillion dollars in environmental damage annually? In actuality, this number is even higher when calculating long term climate change, and the effects on individuals in the community. Let’s dive deeper into the lasting effects of big business on our environment.
Big Business, Big Problems:
A multinational corporation is any corporation that is registered and operates in more than one country at a time. Generally, a multinational corporation has its headquarters in one country and operates wholly or partially owned subsidiaries in other countries. Many of these corporations go into developing nations utilizing their natural resources and cheap labor costs for accelerated profits. In many cases, once the resources have depleted the company moves on, leaving a tremendous amount of environmental degradation. Some corporations might wish to be more environmentally friendly, but are unable to do so due commitments to shareholders and fear of competitors.
Multinational Corporations Facts:
- 100 top companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988.
- Of the 100 top companies, more than 50% of all greenhouse gas emissions can be traced to the top 25 entities.
- Air pollution is one of the major consequences of poor production techniques while water pollution is a result of poor water management. Water pollution deprives soil of nourishing elements, kills off fish, and is extremely harmful to human health.
- ExxonMobil, Shell, BP and Chevron are identified as among the highest emitting investor-owned companies since 1988.
- The Carbon Majors report claims we are on course for a 4°C rise in average temperatures by the end of this century – increasingly caused by industrial pollution.
How can I make an impact:
Tier 1: Global Goodness
- Know which companies you are supporting. Are they working sustainably? Is the preservation of the planet a pillar in their business? These are important topics to determine how to vote with your dollar.
- Support eco-conscious companies. For every company exploiting the environment, there are others operating from a sustainability platform. Make the switch to environmentally friendly options when purchasing new products.
Tier 2: Planet Protector
- All of Action 1
- Spread the word. Share this information with your friends and family so they can make an informed decision on where they are spending their money.
- Tell you local and state governments big business needs more transparency and increased environmental regulations.
Tier 3: Earth Angel
- All of Action 1 & 2
- Be like Switzerland. Switzerland is gearing up for a people’s referendum that would legally oblige corporations to incorporate respect for human rights and the environment in all their business activities.
- Demand change from our government. For the people, by the people – not for big business profits.