Business Ethics and Corporate Governance, Second Edition

ROLE OF CORPORATIONS IN ENVIRONMENTAL MANAGEMENT

Industry is the world’s foremost creator of wealth, employment, trade, technology, and controls, deploys tremendous amount of human and financial resources for economic value addition. Industrial and business processes add value to natural resources as these transform the latter from raw gifts of nature into useful products. Industry today, carried on by giant corporations, is synonymous with the ‘big corporation’. Big corporation is powerful enough to influence any situation, be it developmental or environmental. But the mantle of the big producer—creator of wealth and promoter of industry and commerce, and worn by the big corporation since the 18th century—has been discarded in following the ...