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Seminar paper from the year 2009 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, Frankfurt School of Finance & Management, language: English, abstract: Global warming is a major threat for the generations to come. Although, the conduct of business around the globe is a primary issue for climate change, especially multinational companies can hardly be regulated by national governments. Since the compliance with environmental standards can not be enforced effectively, it is up to the corporations to fulfill their responsibilities to the environment. This paper seeks to provide an ethical reasoning for the obligations corporations have to the environment. Furthermore, the nature of this responsibility will be examined in order to develop a basic guideline for the decision makers in the companies.
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