Answer to Question #198892 in Finance for vikas

Question

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)

Answer 1

The British petroleum corporation is based in the United Kingdom and is involved in the oil and gas industry. The company is dedicated to achieving net zero emissions by implementing mitigating measures such as installing methane-emission-reduction technology and expanding investments in low-carbon energy sources. This project will ensure clean air in the environment, hence improving people's health.

Clean energy is more enticing to economic activity, resulting in increased economic growth. Investors are shifting away from carbon-producing industries and toward organizations that are proactive in their management of greenhouse gas emissions, resulting in cost savings and enhanced external and stakeholder relations for the company.