Integrating Information Disclosure with Indian Environmental Policy
Integrating Information Disclosure with Indian Environmental Policy
This chapter examines how information provision can be harnessed in the Indian context to strengthen environmental compliance and to induce sustainable practices on the part of corporations. Recent years have witnessed the emergence of innovative policy instruments—such as emission trading and other market-based instruments—to induce corporations to manage environmental risks more carefully. One such policy tool involves having corporations disclose publicly their emissions into air, water, and land. The aftermath of the Bhopal tragedy resulted in the United States employing this policy measure in the form of SARA Title III or the Community Right-to-Know Act. Once such information is publicly available, it can be used by non-governmental organizations to highlight the risks posed by corporations to the communities within which they operate. Such information can result in adverse public perceptions and pressure on corporations to change their practices.
Keywords: information disclosure, sustainable corporate practices, environmental compliance, Bhopal, risk perceptions
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