Summary
Companies like Glencore, Anglo-American, and European banks are profiting from exploiting people and the planet, leading to devastating consequences such as deforestation and human rights abuses. Corporate pledges on climate action are voluntary with no legal enforcement, highlighting the need for real corporate accountability to address environmental destruction. Calls are made for binding and enforced regulations to hold businesses accountable for the harms they cause, emphasizing the importance of legal liability at all levels of business operations. Governments should introduce robust laws for business responsibility to ensure that companies are held accountable for their impacts on the environment and society.
Introduction to Corporate Accountability
Companies have profited by exploiting people and the planet, leading to devastation. Corporate pledges on climate action are voluntary with no legal checks. Real corporate accountability is needed to address environmental destruction and human rights abuses.
Examples of Environmental Destruction
Instances of coal and copper mines, deforestation for beef and soy products, and violent evictions for industry projects. Companies like Glencore, Anglo-American, European banks, and French conglomerates are profiting from these activities.
Need for Legal Accountability
Calls for binding and enforced regulations to hold businesses accountable for the harms they cause. Legal liability is crucial at all levels of business operations, including suppliers, financing, and investments. Governments should introduce robust laws for business responsibility.
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