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    Business in Global Economy

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    The World Bank Group's report analyzes 157 large multinational enterprises identified by Climate Action 100+ that collectively account for most global carbon emissions. The report finds these MNEs are major drivers of greenhouse gas emissions, with their own operations responsible for 10% of industrial emissions and supply chains potentially adding another 50%. The energy sector tends to be the largest polluter, while some regions dominate in other high-emitting industries.

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    Business in Global Economy

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    nhtruongftu2
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    The World Bank Group's report analyzes 157 large multinational enterprises identified by Climate Action 100+ that collectively account for most global carbon emissions. The report finds these MNEs are major drivers of greenhouse gas emissions, with their own operations responsible for 10% of industrial emissions and supply chains potentially adding another 50%. The energy sector tends to be the largest polluter, while some regions dominate in other high-emitting industries.

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    The World Bank Group's report analyzes 157 large multinational enterprises identified by Climate Action 100+ that collectively account for most global carbon emissions. The report finds these MNEs are major drivers of greenhouse gas emissions, with their own operations responsible for 10% of industrial emissions and supply chains potentially adding another 50%. The energy sector tends to be the largest polluter, while some regions dominate in other high-emitting industries.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views5 pages

    Business in Global Economy

    Uploaded by

    nhtruongftu2
    The World Bank Group's report analyzes 157 large multinational enterprises identified by Climate Action 100+ that collectively account for most global carbon emissions. The report finds these MNEs are major drivers of greenhouse gas emissions, with their own operations responsible for 10% of industrial emissions and supply chains potentially adding another 50%. The energy sector tends to be the largest polluter, while some regions dominate in other high-emitting industries.

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    Bisola

    Companies have enjoyed success but at the detriment of the environment and these Companies
    have offered little or no solution to the damage they are causing to the environment.
    Pollution is a major issue resulting from Company activities. Pollution can be very dangerous to
    human health as it can lead to serious health problems. Communities where some of this
    industrial organizations are located are known to often experience significant damage to their
    natural habitat. For example, oil spillage caused by refineries, pipelines, tankers, rigs and storage
    facilities condemns their food and water and as a result, members of the communities battle with
    failing health. Citizens of rural Nigeria haven been constantly victimized by the oil Companies
    for so many years and rather than addressing the issues directly, The Companies just pay off the
    authorities in that region, leaving the poor and helpless citizens continue dealing with their
    complains. The United States Government in a 2013 report stated that:
    There are no consistent figures of the quantity of crude oil spilled in the Niger
    delta, but it is widely believed that an estimated 13 million barrels (1.5
    million tons) of crude oil have been spilled since 1958 from over 7000 oil
    spill incidents; a yearly average of about 240,000 barrels. (Health)
    Furthermore, Co2 emissions from the industrial processes and the burning of fossil fuels
    sometimes results in climate change which affects the environment. Production of
    things like plastics, iron, steel, electronics, as well as mining and other industrial
    processes all emit harmful gases to the atmosphere, While some industries have now
    begin to fund science research on how to address global warming, others are less
    concerned as they are more focused on making profit.

    (JustDiggit)
    In addition to the global warming issues, the over-extraction of the natural resources
    that are available in these communities usually result in significant depletion of the
    availability of these resources. This is another cause of distress in the communities.
    Works Cited
    Health, National Institute of. The human health implications of crude oil spills in the Niger delta, Nigeria:
    An interpretation of published studies. United States of America. : Ncbi.nlm.nih.gov, 2013.

    JustDiggit. "What is Climate Change." 2023.


    Truong

    1. World Bank Group’s report named the effect of Multinational Enterprises on Climate
    Change focuses analysis on 157 large MNEs identified by Climate Action 100+, whose
    supply chains jointly make up most of the world’s carbon emissions (The effect). Climate
    Action 100+ is an investor-led initiative to ensure the world’s largest corporate
    greenhouse gas emitters take necessary action on climate change (Climate Action 100+).

    2. This report finds that a number of MNEs are a major driver of global Greenhouse Gas
    emissions. The total emissions of 157 large MNEs jointly account for up to 60 percent of
    total industrial emissions. While their own activities jointly account for 10 percentage
    points of global industrial emissions, their supply chains could add up to another 50
    percentage points of global emissions (The effect).

    3. The energy sector tends to be the biggest polluter (via oil and gas, utility companies, or
    coal), but some regions dominate in transport, industrials, or consumer goods and
    services (The effect).
    1. Break Free From Plastic’s brand audit report presents an analysis of all five years of global
    brand audit data findings (2018-2022) and its mission is to identify the top polluting corporations
    to hold them accountable and demand real solutions for the plastic pollution crisis (Brand audit
    7). The analysis of five years of brand audit data reveals the following corporations as the Top 10
    Global Corporate Plastic Polluters: The Coca-Cola Company, PepsiCo, Nestlé, Unilever,
    Mondelez International, Mars, Inc., Procter & Gamble, Philip Morris International, Danone, and
    Ferrero Group (Brand audit 2). These are leading companies in multinational fast-moving
    consumer goods (FMCG) industry. They have the largest market share and generate the most
    plastic. In line with the product types produced by these companies, food and beverage wrappers,
    followed by bottles and sachets, have been the top category recorded every year across all
    regions (Brand audit 18)

    2. Recycling systems cannot keep up with the volume of plastic produced. PET bottles, known
    for being the most widely recyclable plastic item globally, have simultaneously been the second
    most common item recorded in our global brand audits every year - just after food and beverage
    wrappers. More than 90% of all the plastic ever produced has wound up either being burned in
    incinerators, landfilled, exported, or discarded into streets, waterways, oceans, etc. In the United
    States, only 5-6% of plastic gets recycled each year (Brand audit 18).

    3. Today, thanks to the data gathered from the annual global brand audits, we have successfully
    challenged this false narrative to tell the true story of plastic pollution. The top plastic polluters
    are not countries, but rather fast-moving consumer goods (FMCG) companies headquartered in
    Europe and the United States, which produce millions of tons of single-use plastic packaging
    annually (Brand audit 15).

    4. What they say – What they do:


    What Coca-Cola Says: What Coca-Cola Does:
     Make 100% of our packaging  Produce More Plastic:
    recyclable globally by 2025 3,224,000 metric tons
     Use at least 50% recycled material produced annually.
    Coca-cola in our packaging by 2030
     Reduce our use of virgin plastic  Greenwash: The Coca-
    Top 1 Polluter with derived from non-renewable Cola Company has
    85,035 items recorded sources by a cumulative 3 million proactively lobbied
    across 78 countries metric tons by 2025 against packaging
    (Brand audit 18) regulation around the
     Have at least 25% of all beverages world for
    worldwide by volume sold in more than a decade
    refillable / returnable glass or (Brand audit 18).
    plastic bottles or in fountain
    dispensers with reusable packaging
    by 2030 (Brand audit 18)
    WORKS CITED
    Climate Action 100+. “About.” Climate Action 100+,
    https://www.climateaction100.org/about/. Accessed 14 Oct 2023.
    Victor Steenbergen and Abhishek Saurav. The effect of Multinaltional Enterprises on
    Climate Change. World Bank.
    https://openknowledge.worldbank.org/server/api/core/bitstreams/def956de-eac5-4ede-
    a366-e01331481c99/content. Accessed 14 Oct 2023.
    Brand audit report 2018 -2022. Break free from plastics.
    https://brandaudit.breakfreefromplastic.org/wp-content/uploads/2022/11/BRANDED-
    brand-audit-report-2022.pdf. Accessed 14 Oct 2023.

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