‘Transnational corporations only have a positive impact when extracting resources from host countries’. To what extent do you agree with this view?

Introduction:Transnational corporations (TNCs) are organisations which operate in multiple countries through foreign direct investment, offshoring of resources and/or outsourcing of labour. In terms of the 'impact' TNCs have, this can be viewed in terms of environmental, social and economic impacts, and can have both positive and negative associations. Similarly, 'resources' can be viewed in terms of biophysical organisms, or indeed labour. At the heart of the question lies the assertion that TNCs only-ever exude positive outcomes, and therefore negate any form of negative environmental, social or economic impact in the host countries through which they operate altogether. For the purposes of this question, Coca-Cola India, founded in 1950 and presently consisting of 25,000 employees, will be used.
Social:In terms of social impacts, Coca-Cola India launched its 5by20 initiative in 2010. This is the company’s global program to economically empower 5 million women entrepreneurs across six industries by 2020. Here, the impact of Coca-Cola as a TNC extracting water in order to produce its product, has generated an accompanying financial investment by the company designed to improve the prospects of female entrepreneurs. This investment purposefully targets under-represented and disadvantaged groups in order to be as impactful as possible, with the time-frame of 2020 suggesting this positive impact will be immanent. Accompanying this is the 'Support my School' initiative which undertakes activities such as providing improved access to water, sanitation facilities for adolescents, improving school infrastructure, supporting environmental causes, building sports and recreational facilities, and recharging groundwater through rainwater harvesting within schools in rural and semi-urban areas across India. Here, rural areas are puposefully targeted due to their lack of infrastructurual development and access to clean water. In particular, the recharding of groundwater is designed to directly combat the environmental implications of extracting freshwater in order to produce the Coca-Cola product at a ratio of 2 litres per 1 litre of Coca-Cola.
On the other hand....