Companies are made up of individuals. Hence, it is likely that their behaviour is often comparable to that of the community. A lot of citizens exhibit a kind of society spirit and behave in manner which can be deemed as publicly reliable, time and again. However, there are always some citizens who completely disregard the interests of others and conduct themselves in an extremely selfish and negligent way. The same thing can be said of companies that happen to be paying close attention to the just bottom line, instead of concentrating on the triple bottom line. They appear to feel no sense of duty or responsibility for the overall wellbeing or patriotism on behalf of their nation. This is evident from the acceptance or refutation of practices which seem to be accountable to the natural environment.
Common Problems with Companies Regarding CSR and the Green Revolution
Companies that contract out jobs to lesser manufacturing costs have been regularly found to take no notice of the issues which trouble the environment. It is true that employing inexpensive labor overseas charges a company much less than providing wages to local personnel who possess a master’s degrees and excessive living wages. But there is another explanation for why developing nations benefit from lesser costs of production – it is due to their ecological standards which are not quite as stringent as that of the developed countries. Corporations that happen to outsource without implementing any kind of environmental standards are playing a major role in the increase in pollution levels round the globe. A number of corporations that are thorough regarding the effect their operations might have on the environment may, in spite of everything, be found guilty of acting as a factor to large-scale pollution abroad.
Steps to Usher in the Second Green Revolution
Several of the companies which are greatly responsible to society have made it a point to run their place of work in a greener manner. They have ensured that almost 97 percent of the solid waste produced by them is recycled. The casing of their manufactured goods is also planned with environmental codes in mind for better production as well as removal. Technology is also used by a few companies to bring improvements to the community. These companies seem to have a remarkably sound interest in environmental policy. They have lessened the power needs of their machinery significantly and have also used a large amount of recycled materials in the production of their goods. The electrical power business is to be held accountable for all the carbon emissions and sulfur dioxide in the atmosphere. They need to try and reduce the amount of pollutants generated even though it involves the use of costly measures.
Present Green Revolution Scenario
It has been noticed that executives of many companies are granted compensation depending on the company’s net earnings. Hence, their success or failure is gauged only be financial gains. However, environmental investments should also be taken into account. Companies should invest of their own will to support the growth of environmental practices necessary for continued existence. There are a number of companies which reveal a commendable sense of corporate social responsibility. However, the concept is not as widespread as it should be till now.
