Will big business save the earth? Business sector has always been the key contributors to the environmental problems we all face nowadays.Will big business save the earth? Business sector has always been the key contributors to the environmental p

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Will big business save the earth?

Business sector has always been the key contributors to the environmental problems we all face nowadays. According to the United Nation Environment Programme, the environmental damage contributed by the world’s 3000 biggest companies in total costs approximately US$2.2 trillion in 2008 – an amount larger to the national income of all but  seven countries in the world that year, making the business sectors to be the most major contributor of the global environmental problem. The enormous greenhouse gas emitted that worsens the air quality and leads to the climate change, the oil spill that pollutes the water, the toxic waste that damages the natural environment, the overexploitation that breaks the balance of the eco-system... all these malpractices can be found in the big businesses and there is no doubt that these big businesses do have a great impact on the environmental issues. If these big companies and factories keep acting destructively to the environment solely for their economic interest, the worldwide environmental degradation will definitely get worsen and speed up the killing of the Earth; on the other hand, if they are conscious to stop their environmentally detrimental doing but responsibly take the lead to remedy the situation, they will definitely help save the Earth. However, when considering whether the big businesses will be the killers or the saviours of the earth, we should not only take the capability of these companies into account; we should also consider their attitude and behaviour towards the environmental issues, the factors that may affect their performance and if there are any other major contributors of the problem. In my opinion, with the consideration of all these factors, unfortunately, the big businesses will hardly save the earth in the foreseeable future.

To start with, there is a wide gap between the expectations of what the big businesses should be doing and the fact that what the big businesses are actually doing because of their attitude towards the environmental issues. Ideologically, as these big businesses are the major contributors to the current environmental problems and are powerful enough to reverse the situation, they should act as the strongest positive forces for environmental sustainability by accountably minimizing their pollutants emission and proactively promote environmental conservation so as to lead the communities to the road of further environmental protection. However, tragically the fact is that these companies prefer to work solely on their economic interests at the expense of environmental interest as it is a common belief that working on environmental sustainability only hinders the profitability of them. They tend to lower the costs by using the cheapest way to deal with the pollutants regardless if such doing is actually damaging the environment and get the richest resources without caring the harm that may be brought to the eco-system. They resist the environmental regulations in the name of free market as in their eyes it will be a financial burden to take the environmental costs into account. That’s why big business would always forgo the environmental responsibility for the sake of economic interest. What’s more, although some suggests a strong ground of why the big businesses should work on environmental responsibility, saying that not polluting and maintaining environmental-friendly level of resources consumption help the businesses lower the cost in long run and also help them to build a social responsible image which reduces criticisms from interest groups and attracts more investors and consumers, such ground just seems not sound enough to these profit-driven companies. According to a survey done by the consulting firm Accenture in 2008, nearly 90% of the world’s top 500 businesses rate global warming very low in their agenda. It exactly shows the indifferent attitude the big businesses have towards the environmental issues. At this moment, it is seemingly that the big businesses do not think that it is necessary to earn money from a long-run aspect by having a more environmental conservative approach. Not many of them seem to care that it will cost them a lot in the future to fix the problems they made nowadays. To them, in short-term saying, it will be much more difficult and expensive to take a more sustainable approach in doing business. The concept of acting socially and environmentally responsible is still not yet embedded in these businessmen’s head. The refusal to think long term and materialism clearly shows that at this moment we still cannot rely on big business to save the earth.

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Besides, we also have to assess the factors that may affect the environmental performance of these big companies, that is, the stakeholders including the public, the international interest groups and the government. These stakeholders could act as watchdogs to monitor the companies’ corporate social responsibility performances so as to maintain their act up to the environmental standard to save the Earth. However, due to several reasons, it will be hard for the stakeholders to make effective monitoring. The reason for the public to hardly do so is that the proportion of the public that pays attention to corporate social ...

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