Business Ethics and Corporate Governance, Second Edition

INNOVATIVE BUSINESS RESPONSES TO ENVIRONMENTAL REGULATIONS

There are several reasons why those managing business are becoming increasingly conscious of environmental issues and go a step further to convert them to their own advantages:

• For management morale—to have a good environment record (especially after the Stockholm Convention) and the desire to earn good reputation as protectors of the environment.

  In an era of ‘lean management’, many companies are finding ways and means to cut waste wherever possible. Pollution prevention extends this concept to resources, and firms are finding that they can significantly lower their ‘end-of-pipe’ abatement costs by not creating wastes in the first place. After all, some argue, what is pollution, if ...