¶ … tension between businesses interests in maximizing profits and the public's interest in receiving complete, truthful, and non-misleading information about products that they purchase.
The dangers against greenwashing are that consumers will have no confidence in the products or services they are buying. This means that they will not purchase specific items. As they feel they are being deceived and cheated through false labeling / misrepresentation. At the same time, there is the possibility that a firm could face penalties from government regulators who feel that they are engaging in false advertising. This will have a negative impact on the image of the organization and their ability to address the needs of customers in the future. ("Six Sins of Greenwashing," 2007)
For an executive; it is advisable to not practice these kinds of policies. The reason why is because it will hurt the brand image of the products they are selling and invite an investigation into their procedures. This can result in the company losing customers who feel they were deceived based upon the tactics that were utilized in the process. When this happens, there is a realistic possibility that these issues will negatively impact the finances of the organization. This will create a decline in market share and their earnings. It is at this point, when these issues will impact the economic viability of the company over the long-term. ("Six Sins of Greenwashing," 2007)
Identify one environmental law that is relevant to your past, current, or future employer.
One law that is relevant to my previous employer is the Clean Air Act. This law is pertinent because I worked for a power plant. The emissions they submitted into the air were constantly regulated in order to determine if they were in violation of these provisions. To maintain compliance with these guidelines, they would utilize new technology to help curb the total amounts of pollutants and measure their activities. At the same time, they engaged in practices such as the purchase of emissions credits. This is when the firm would buy credits from other companies that were bellow these standards and sell them to those who may be slightly above. The power plant sometimes purchased additional credits during times when they knew their emissions were going to be higher. ("Clean Air Act Summary," 2013) (Casper, 2010)
In this case, the environmental regulations hindered the business. This is because they were not tough enough to force some kind of radical change in the way it was operating. Instead, a middle ground approach was taken, which imposed these guidelines selectively on the plant. However, in the event that they did not follow the law, is the point when they would have a way of reducing their emissions on paper. Yet, in reality, it was polluting more than it should. This is going directly against these provisions. ("Clean Air Act Summary," 2013) (Casper, 2010)
Outline
I. Introduction
II. Ethical outlooks
1. Deontological
2. Utilitarianism
III. Relevant Laws
1. Clean Air Act
2. Foreign Corrupt Practices Act
3. Kyoto Protocol
IV. Discussion of the Law
1. How both regulations are relevant
2. Impact on the producers and stakeholders.
V. Recommendations
1. Possible strategies for improving these regulations.
VI. Conclusion
Introduction
Over the last several years, the issue of power generation has been increasingly brought to the forefront. This is because the majority of plants (44%) are using coal-based technology. These facilities are more cost effective and can utilize a readily available natural resource which is inexpensive. However, in the process of producing electricity is when the emissions can create harmful side effects. The most notable include: sulfur dioxide, nitrogen oxides, particle matter and mercury. (Casper, 2010)
The combination of these elements is contributing to a decrease in air pollution levels and it has been shown to contaminate the water supply of local communities. Despite these negative environmental impacts, the industry believes that this is the only economically viable approach for producing electricity. This is because they will often cite how natural gas prices have increased exponentially. At the same time, many are opposed to the establishment of using alternative sources. As they have been shown to produce small amounts of electricity and are not cost effective. These areas are problematic, in creating a situation where environmental laws are becoming tougher in regulating the emissions from these facilities....
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