Recent headlines such as “[Company X] under fire for pollution and poisoning Chinese workers” or “U.S. opens criminal inquiry into chemical spill” serve as reminders of the far-reaching, costly and very public impacts that can result from an act or omission causing harm to human health or the environment. It thus should come as no surprise that regulatory compliance remains among the highest priorities for many companies. The risk to a company’s reputation and value when an environmental incident occurs—be it an unintentional spill or an intentional act—is prompting more companies to pay closer attention to the risks associated with their operations.
Unfortunately, risks from traditional environmental, health and safety (EHS) practices are often viewed too narrowly, within institutional silos, and without a cohesive, holistic framework that identifies and manages risks. The risks of noncompliance are increasing not only due to more complex and demanding laws and regulations but also to greater shareholder awareness and expectations, increased enforcement, instant and widespread transparency from social media, and increased scrutiny by environmental groups and plaintiffs’ lawyers.
Compliance Is Organic and Requires Constant Attention
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
