1 Advanced Pollution Prevention Pollution has a severe negative effect on the environment and populations. Governments, individuals, and corporations have enacted practices to control the amount of waste they produce and find sustainable waste disposal methods. Contemporary corporations put environmental sustainability efforts at the core of their efforts to enhance the safety of future generations. As a result, these corporations implement corporate philosophies to address pollution To control the devastating effects of climate change, corporations need to acknowledge their role in causing pollution, and design policies to curb it. Research shows that countries whose corporations are actively involved in finding solutions to pollution problems have lower carbon-dioxide emissions. Therefore, there is a direct causal relationship between a corporation’s activities and pollution. The Impact of Corporations on the Environment In today's world, there is growing concern and awareness about the devastating effects of pollution on the environment and the resultant acceleration of global warming. As such, there is mounting pressure on corporations to manage their wastes from various stakeholders, from customers to the government.
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2 Companies that fail to reduce or prevent pollution face severe consequences, from legal action to a reduction in their market share. The Pollution Prevention Act encourages companies to prevent pollution, rather than control it when it has already happened. In the process of running their business, corporations engage in activities that pose a danger to the environment. Research shows that companies are the greatest source of environmental pollution due to the massive amount of waste they produce in the process of the industrial production of goods. Corporations are considered legally tenable in the eyes of the law. Therefore, when they pollute the environment, they can be sued. Companies should design a corporate philosophy with the environment to prevent lawsuits and proactively address the issues of pollution and global warming. According to a U.N. report on environmental pollution, 71% of the total global pollution is caused by large corporations (Aras & Ingley, 2016). The pollution is caused by the release of greenhouse gases into the atmosphere, air pollution and release of toxic substances into water bodies. Some companies fail to adhere to pollution regulations because implementing sustainable practices of production will reduce their profits. It is crucial to reduce companies' greenhouse gas emissions because if it is not controlled, global temperatures are projected to rise by almost 5°C by the end of the century. Additionally, the continuous irresponsible dumping of wastes into water bodies by manufacturing companies has caused the extinction of certain fish species. Corporations need to pay close attention to the impact that their activities have on the environment, and significantly reduce their environmental pollution levels. There is need to prioritize the wellbeing of the environment over profits. The Role of Companies in Reducing / Preventing Pollution
3 The market is highly aware of the role that corporations play in causing global warming. Thus, there is high demand for sustainably produced goods and services. Modern-day corporations are increasing their focus on reducing pollution by seeking sustainable methods of production. Corporations realize that they do not operate in isolation, they have an impact on the environment, as well as animal and human populations. To meet the growing demand for sustainable goods and services, corporations have to replace their traditional concepts of production, operations and competitiveness with modern concepts whose main focus is sustainability. Despite being a costly process, companies that show care for their environment benefit from a better image, increased market share and higher revenues. Pollution control and prevention also benefits the environment, the community and the general public. Corporate Philosophy The corporate philosophy is a statement that expresses the position and values that a company holds, and the contribution it offers to the world. It is the basic beliefs, purpose and core values of a business entity. The industrial development of countries has created employment, improved people’s standard of living and resulted in the advancement of nations (Rendtorff, 2019). However, industrialization has also resulted in massive environmental pollution, resulting in several problems such as global warming. A company's corporate philosophy regarding pollution is crucial because it holds the company accountable to its stakeholders about its effect on the environment. To deescalate the rate of pollution and the subsequent global warming, corporations have a duty to act responsibly in all matters concerning their impact on the environment. The corporate philosophy lists the values that the corporation aspires to have.
4 Organizations should aim to have a positive relationship with its stakeholders since it is the society that makes their existence and profitability possible. The corporate philosophy is essential to the company's pollution prevention efforts because it helps them define how they intend to interact with the environment. It also provides a basis for measuring whether they meet their intended environmental sustainability goals. Therefore, the corporate philosophy sets out the performance targets that the company intends to strive to achieve. A company’s corporate philosophy states the values that it ascribes to. A company's philosophy on environmental pollution bolsters its commitment to the environment. A corporate philosophy forms the base of an organization's business activities. To win their stakeholders' trust, companies should strive to be good corporate citizens that act responsibly towards the environment (Birnbacher, & Thorseth, 2015). Companies use the resources provided by society and nature to produce goods and services. It is therefore essential for them to demonstrate their goodwill by ensuring that they act responsibly towards the environment. This is achieved by implementing corporate philosophies that are aimed at sustainable production. Zara’s Corporate Philosophy on Sustainable Production In recent years, fashion companies have come under sharp criticism for being one of the main propagators of pollution, coming second after oil companies. Despite operating in the fast fashion industry, Zara, a major globally renown fashion retailer, is ranked as the most environmentally sustainable fashion retailer. Through its parent company, the Inditex Group, is committed to conserving the environment by reducing its rate of pollution. It aims to achieve this by emphasizing the importance of recycling, and reducing the amount of energy it uses in production (Fashiongear.fibre2fashion.com, 2020).
5 The company ensures that it trains its employees on the need for sustainable practices such as recycling the recyclable products, and the proper disposal of wastes. The plastic bags it uses are biodegradable. Additionally, the fleet of vehicles it uses for the transportation of fits clothing use 5% biodiesel fuel whose objective is to reduce the emission of carbon-dioxide in the atmosphere by almost 500 tonnes (Fashiongear.fibre2fashion.com, 2020). Conclusion Companies should design corporate philosophies that state how they intend to address environmental pollution. A philosophy sets out the areas that the company will focus on as it does its business, and therefore guide it work toward protecting the environment. The philosophy keeps an organization accountable to itself and its stakeholders, which, in turn, facilitates responsible behavior.
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References Aras, G., & Ingley, C. (2016). Corporate Behavior and Sustainability: Doing Well by Being Good. Finance, Governance and Sustainability. Taylor & Francis. Birnbacher, D. & Thorseth, M. (2015). The Politics of Sustainability: Philosophical perspectives Routledge Studies in Sustainability. Routledge Fashiongear.fibre2fashion.com. (2020). Zara, Zara Commitments, Zara Environmental Policies, Zara Transport Policy, Animal Welfare Policy, Fibre2fashion. [online] Available at: <http://fashiongear.fibre2fashion.com/brand-story/zara/commitments.asp> [Accessed 14 August 2020]. Pompper, D. (2015). Corporate Social Responsibility, Sustainability and Public Relations: Negotiating Multiple Complex Challenges Routledge New Directions in PR & Communication Research. Routledge. Rendtorff, J. D. (2019). Philosophy of Management and Sustainability: Rethinking Business Ethics and Social Responsibility in Sustainable Development. Emerald Publishing Limited.