Answer to Question #179031 in Finance for Kaju

Question #179031

We are all concerned with the serious health impacts of the escalating pollution problem in a country like India where regulation oversight is comparatively lax and penalties & punishments too few and far? Identify and select any one pollution reducing/mitigating initiative practiced and embedded in its business by a listed company that impresses you. Explain this initiative along with the short term & long term positive impact of the same on the environment & people. (refer to Sustainability Report and/or Business Responsibility Report of the company).


1
Expert's answer
2021-04-11T20:03:20-0400

British petroleum company is located in the United Kingdom and it deals with the production of oil and gas. The company is committed to net zero emissions by applying mitigation initiatives like installing equipment to reduce methane emissions and increasing investments into low carbon energy forms. This initiative will ensure quality air in the environment that increasing the health of the people. It will also lead to slowed climate change by preventing drastic weather events thereby creating an enabling environment for economic activities. Clean energy is more appealing for economic activities and this leads to economic growth. For the company, this leads to cost-saving, improved external and stakeholder relations since investors are turning away from investing in carbon-producing companies to companies that are proactive with their management of greenhouse gas emissions.


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