It is not at all difficult to
understand that ever since the first Industrial Revolution
in the 18th century, corporations have been dancing their
way through the most difficult of times and expanding
their operations and methods of production. Not only have
these "business giants" managed to grow at
unimaginable rates and pace, but have also proved
themselves as the most efficient, in some ways more
formidable and challenging even for sovereign nations. The
East India Company is an apt example.
Even though the progress of large
corporations over the past two-hundred years has resulted
in immeasurable wealth and prosperity, it has also caused
unintended ecological degradation. Today, the Earth is
facing a series of environmental problems such as
deforestation, ozone depletion, global warming, declining
biodiversity and never-ending industrial accidents. It is
very important that we try to assess and understand why
the bond between the natural environment and corporations
is significant and why co-existence of these two systems
is necessary.
Factors like the nature of the
enterprise, I believe, are necessary to look into.
Corporations today are mostly of a different nature from
one another. Not all companies are involved in the
production of the same commodities. Some industries are
producing cars, some making furniture, while others are
manufacturing cloth, or designing cell phones and so on.
They can only be characterised as being different from
each other in terms of what they are manufacturing -- in
the end they are all involved in the production process.
Hence, if, for example, an industry operates in logging
activities, it will be cutting down trees to carry out its
operations and for the business to survive, quality and
quantity will also have to play their roles. So, this will
result in deforestation, unless the company is replanting
10 times the number of trees it is cutting down (which
will, of course, take their time to grow!). On the other
hand, corporations which deal in the production of durable
goods such as cars and refrigerators etc. are, to-date,
known to survive for longer periods of time, with ever
increasing technological advancements.
Most, if not all, corporations have
problems surviving without the natural
environment/eco-system. By eating up and over-exhausting
all the resources available, these corporations are
contributing to their own slaughter.
However, it should also be noted that
now each day, companies are starting to realise that in
order for them to survive, the survival and welfare of the
natural environment is necessary. Therefore, under mild as
well as strict actions of the government, corporations in
most countries have started contributing to the sustenance
and nourishment of the eco-system by providing financial
assistance, equipment, or personnel to assist
environmental interest groups. Moreover, corporations
along with Non-profit Organisations (NPOs) are day-by-day
collaborating and working together to solve environmental
constraints relating to business activities, due to risk
of losing profits (obviously) and partial fear of the
government agencies.
Of the top 100 economies in the world,
51 are corporations (the other 49 are countries)! Let us
face the facts here. Nothing lasts forever, everything
perishes. Of course, the probability of this happening in
our life time is very low because people have come and
gone but giants like Exxon Mobil, Wal-Mart, Ford and
General Electric never seem to give up! Pigs will fly the
day countries replace these giant corporations as the
largest economies of the world!
On part of the governments around the
world, it is essential that they change their priorities
and regulate to dismantle the power of transnational
corporations. There is a dire need to enforce high minimum
environmental, labour and human rights standards for
corporate activities. This is the only way to safeguard
our eco-system.