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Environmental Policy for Business by Martin Perry

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Chapter 3

Information as Regulation

There is a longstanding interest in the possibility of using information sharing as a basis for regulation. The insight obtained from company disclosures can empower the public to evaluate the performance of individual businesses and make businesses more aware of their own performance than where information is kept in-house or not gathered at all. Through these impacts, information sharing has been referred to as informal regulation to reflect how public pressure rather than command and control exercised by a public agency can bring a change of business behavior.1 Recent developments appear to have strengthened the case for informal regulation with modern information technology enabling greater transparency ...

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