Green Governance & Indian Corporate Scenario

  • SK Mohammed Izharul Haque
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  • SK Mohammed Izharul Haque

    Junior Accountant at Civil Supply Department, Government of Odisha, India.

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Abstract

This paper aims at exploring the emerging concept of Green Governance or Corporate Environmental Governance, which has been defined as “...setting out the responsibilities of directors and establishing the accountability of the board to all the company's stakeholders [such that it] includes the systems and tools used to achieve the company's environmental objectives and their effectiveness in meeting desired outcomes” . The key principles of green governance and sustainable development support the incorporation of environmental, social and economic issues into all aspects of decision-making. The concept of integration differentiate green governance and sustainability from other types of policies. In order to strengthening the green governance principles’ implementation, it requires policy makers and practitioners at local governance level to support knowledge based methods, for instance, knowledge sharing, dissemination of best practices, better compliance, awareness raising campaigns. Due to the wide dimension of environmental themes, like climate change, waste management, energy efficiency, CO2 emissions, the green governance becomes institutionalised within organisational fields, more complex and fragmented. Nevertheless, the aim of green governance is to “improve the environment essentials in different sectors buildings, water, transport, public health, industry, climate, rural abandonment and energy. With this premises , this paper aims at critically analysing how the Indian Corporate scenario is adopting the Green Governance and how far it has been successful , further how the legal and policy measures with respect to the same is being enforced and lastly to recommend suggestions so that it can be improved.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 4, Issue 6, Page 304 - 320

DOI: https://doij.org/10.10000/IJLMH.112235

Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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