The typical transnational corporation (TNC) is a large corporation based in a first world country with sales of hundreds of millions or billion dollars, with affiliates or subsidiaries. in several third world countries. This ability to move capital, technology and entrepreneurship across national borders and the economic importance which, in many cases, is worth more than the total GDP of some poor countries, gives them enormous power and results in a governance without government. The presence of TNCs in third world countries is encouraged by favorable economic conditions, such as reduced operating expenses and cheap labor, but their activity causes environmental difficulties for host communities and contributes to the degradation of the global environment. However, many TNCs have realized the importance of being not only part of the problem, but also part of the solution. This essay will analyze whether transnational corporations as a private authority are capable of combating environmental degradation; and if so, he will illustrate by examples the effectiveness of these efforts. In doing so, the essay will address the success of NGO cooperation with TNCs in terms of environmental protection. To illustrate this point, the essay will use the example of the partnership between WWF and Volvo in the climate protection program, as well as WWF's cooperation with fashion brands to combat toxic waste. The essay will also present the lead of TNCs over certain poor countries, due to their financial and technological independence to tackle environmental problems first. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Greenhouse gas emissions are a serious environmental challenge that requires effective innovations in the industrialized world. The temperature has already risen 2 degrees above pre-industrialized levels and scientists predict a rise of more than 4 degrees, which could be catastrophic and irreversible. The main cause of temperature increase is CO2 emissions, which is why there are several attempts to regulate them but, taking into account statistics, multilateral environmental agreements and market-based regulations, such as cap and trade, are not showing success. However, the Volvo Group, a transnational corporation, has realized that companies that produce carbon dioxide have an immense duty to help protect the planet. Ensuring environmental integrity is not only the responsibility of nation states, but also of corporations, because they are the ones causing the problem. The Volvo Group has joined forces in the Climate Savers program with the World Wide Fund for Nature (WWF), which is one of the largest and most respected environmental organizations in the world and is committed to ending environmental degradation of the planet's natural environment. The Volvo Group says that as a leading company, they must take a leadership position and encourage other car manufacturers to make the necessary innovations. Volvo's commitment includes reducing CO2 emissions from products and production, as well as developing fuel-efficient truck prototypes and developing efficiency-enhancing technologies. The results are verified by independent experts. This cooperation between an NGO and TNCs seems more effectivethan national commitments, to the extent that manufacturers are directly and voluntarily involved. Businesses are forced to make decisions that serve their economic interests. It is therefore reasonable to assume that Volvo sees profit in investing in environmentally friendly innovations. Environmental protection is generally considered a waste of money because it does not generate income in the short term. However, thinking responsibly can pay off. As this is a positive advertisement from the company, users of their products can also contribute to the good cause, which encourages them to buy their products rather than the more polluting one. In addition, this modernization generates significant revenue in the long term, not only for the company but also for the vehicle user, as it will require less fuel. Volvo's commitments demonstrate that transnational corporations can effectively contribute to solving environmental degradation and Volvo is determined to serve as an example for others to follow. That's why the Volvo Group is organizing climate change seminars with WWF as part of a strategy to promote the benefits of change and share existing knowledge and resources to help its sector make a difference for future generations. Another pressing problem is toxic waste pollution, which requires TNCs. to stop polluting and change the way their products are manufactured. The toxic waste produced has been linked to increased miscarriages, birth defects and skeletal disorders and this toxic waste poses a threat to the water supply of TNC host regions. The fashion industry is a huge polluter of toxic waste because clothing contains dangerous chemicals, the conduction of which into natural waters results in a lack of access to clean water. Given that fashion is a billion-dollar business, it is possible to see that it has the financial resources necessary for the necessary change; for production without dangerous chemicals and hormone disruptors. Between 2003 and 2006, WWF ran a DetoX campaign to raise awareness among European citizens and decision-makers about the lack of information on the safety of the vast majority of chemicals used in everyday life. The campaign was successfully managed, carried out in parallel in 13 European countries and used various media communication tools to attract and retain public attention. The campaign strategy was consumer boycotts and pressure on polluting companies. Due to this increased attention, many fashion brands, such as H&M, Adidas and Puma, have joined the campaign and made successful zero landfill commitments. These contributing companies aim to eliminate hazardous chemicals from their products and make their process open to the public, providing a new type of marketing source. As this campaign reached a large number of people in several countries, including fashion designers and models, the companies involved not only effectively fight against environmental degradation, but also give a positive reputation to their brands. On an economic level, these transformations involve financial costs for companies, but they result in long-term efficiency gains, such as a reduction in health costs and tertiary costs of environmental cleaning, which which reduces overall costs. The more companies participate, the more effective the result and the commitments of the.