Exercises · Q11
Q.Explain briefly why environmental protection matters to a business, and not only to society at large.
Maharashtra MsbshseTextbookSubjectiveImportance★★★★★
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Start your 14-day free trial to unlock the full solution →Environmental protection matters to business itself, and not only as an obligation toward society, for several concrete reasons:
- Legal compliance avoids penalties and disruption. Violating environmental law can bring fines, court orders, or even closure of operations — a direct business risk, not just a societal harm.
- Resource sustainability protects the business's own future. A business that depletes or pollutes the very resources (clean water, fertile land, breathable air) it depends on undermines its own long-term ability to operate.
- Cost efficiency. Energy efficiency and waste reduction, pursued for environmental reasons, frequently also lower a firm's own operating costs.
- Reputation and market access. Environmentally responsible businesses build stronger brand reputation with an increasingly environment-conscious consumer base, and often find it easier to meet standards required to access export markets. …
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