enviroment

• How does the nature of a business operation influence its concern with environmental legislation?

  The extent of concern is determined by the production process and operations of the business
• Which type of business would be most affected by laws regarding the storage and handling of hazardous substances?

  A chemical factory
• What types of businesses might face significant environmental legislation regarding waste disposal and water discharge?

  Businesses with complex production processes
• What are some examples of increasingly stringent regulations affecting all businesses?

  Regulations on packaging and emissions from production processes
• What are the potential consequences for businesses that fail to comply with environmental legislation?

  Financial penalties and reputational damage
• How much did Volkswagen pay to settle claims related to environmental legislation?

  Almost 30 billion euros
• What was the reason behind Volkswagen's significant financial payout?

  They installed software to cheat carbon emissions tests
• What is a key reason for businesses to comply with environmental legislation?

  To avoid fines and protect their reputation
• What positive benefits can compliant businesses gain from society?

  They can enhance their reputation, especially compared to less compliant competitors
• What is the concept of sustainability in business?

  Businesses should operate in a way that does not harm the planet's long-term health
• How should businesses approach sustainability according to the material?

  By examining all aspects of their operations for sustainable practices
• What does Carroll's CSR pyramid identify regarding business obligations?

  It identifies legal, economic, and ethical obligations of businesses
• What are the key features of environmental legislation that affect businesses?

  • Impact varies based on the nature of operations
  • Regulations on hazardous substances, waste disposal, and emissions
  • Compliance is crucial to avoid financial and reputational damage
  • Sustainability is a growing concern for all businesses