Managing Environmental Impact
The Emissions, Effluents, and Waste Material ESG Issue (MEI) focuses on managing emissions and waste from company operations, excluding greenhouse gases. The emphasis on particular waste streams varies depending on the subindustry.
Trends in Environmental Regulation
Environmental regulations are tightening due to heightened societal awareness and scientific understanding of pollution impacts. Companies face legal and reputational risks, including for legacy pollution issues like groundwater contamination.
Courts globally are holding companies accountable for environmental violations, with increasing enforcement actions seen, exemplified by India's National Green Tribunal.
Corporate Responsibility Amid Rising Environmental Standards
As pollution concerns grow, companies must navigate stricter regulations and public expectations. The US EPA's rising enforcement actions reflect a global trend toward stronger environmental standards.