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Corporations and the environment

What part should the government take in ensuring that corporations are environmentally "friendly"?

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What part should the government take in ensuring that corporations are environmentally "friendly"?

One of the most important steps a corporation must take in order to sustain long term success is to proactively create and manage an environmentally friendly policy or "Corporate Social Responsibility" (CSR) plan (Fox, 2002). The question then becomes what is the government's role in ensuring that private corporations develop these CSR programs and remain environmentally compliant.

From research conducted that analyzed multinational corporations across the globe, there was data that shows the government's role is an essential part of the success or failure of a corporation's ability to be environmentally friendly and socially responsible (Nag, 2007). Although the traditional mindset is that CSR is a voluntary action by a corporation in which the company chooses to go above and beyond the mandated regulatory requirements, there is an increasing recognition that governments need to also contribute to these causes (Fox, 2002).

Governments have a ...

Solution Summary

From research conducted that analyzed multinational corporations across the globe, there was data that shows the government's role is an essential part of the success or failure of a corporation's ability to be environmentally friendly and socially responsible (Nag, 2007). Although the traditional mindset is that CSR is a voluntary action by a corporation in which the company chooses to go above and beyond the mandated regulatory requirements, there is an increasing recognition that governments need to also contribute to these causes (Fox, 2002).

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