CSR and CER

Corporate Environmental Responsibility: Indian Environment Ministry actions.

Major companies will be asked by Environment Ministry to have corporate environmental policy - The Economic Times: "All major companies and project developers will be asked to have a corporate environmental policy. The Environment Ministry aims to 'promote environmental consciousness and secure compliance,' by this measure.

The ministry is suggesting a system of self-regulation to ensure that projects and companies do not violate environmental laws and regulations.

The intent of the corporate environmental policy would be to 'protect' the project stakeholders in a manner akin to the protection afforded to company stakeholders through financial systems and audit mechanisms. By integrating environmental concerns, it is hoped that the number of violations will be significantly reduced.

A senior ministry official said, 'Unlike corporate social responsibility , environmental responsibility is backed by law. The government can take action under section 5 of the Environment Protection Act .'"