Industrial pollution can be hazardous to humans and other animals living in the surroundings. One way to curbthis is to levy taxes on the corporates responsible for these. Taxing the companies that cause pollution could be an effective way to reduce industrial pollution according tosome, as it provides an indirect motivation for the companies to reduce the pollution and thus avoid paying thosetaxes. This would in turn help increase the company’s revenues and profitability. The proponents of this view alsobelieve the companies need a deterrent to act upon and are not necessarily proactive in caring for theenvironment. This could be true in the case of companies hell bent on making profits and profits alone with scantregard to the society and the environment they operate in. However, this is not always the case. There are other ways. Most of the corporates have a social responsibilityand their businesses are driven by the principle of sustainability. Sustainability is all about being aware of andadhering to factors like climate change, reducing carbon footprint, reducing pollution in a proactive manner. Thereputation and the brand name of such companies could take a colossal hit if they do not adhere to the industryor regulatory standards and they therefore do not need tax as a deterrent. Moreover, the image these corporatestry to build over a period to attract customers like millennials makes it almost mandatory to be environmentfriendly. The modern day customers are well aware of the need for preserving the environment. And thecompanies can ill afford to lose this generation of customers. I think it is imperative for companies to not wait for the authorities or governing bodies to penalise or tax them butproactively take measures to reduce the pollution levels and create a sustainable environment for the planet. Modern day customers are fastidious about the products they use and their choices are not just based on theprice and quality factors but the corporate’s reputation and image in keeping the environment safe and clean.
Industrial
pollution
can be hazardous to humans and other animals living in the surroundings. One way to
curbthis
is to levy taxes on the
corporates
responsible for these. Taxing the
companies
that cause
pollution
could be an effective way to
reduce
industrial
pollution
according
tosome
, as it provides an indirect motivation for the
companies
to
reduce
the
pollution
and
thus
avoid paying
thosetaxes
. This would in turn
help
increase the
company’s
revenues and profitability. The proponents of this view
alsobelieve
the
companies
need a deterrent to act upon and are not
necessarily
proactive in caring for
theenvironment
. This could be true in the case of
companies
hell bent
on making profits and profits alone with
scantregard
to the society and the
environment
they operate in.
However
, this is not always the case. There are other ways. Most of the
corporates have
a social
responsibilityand
their businesses
are driven
by the principle of sustainability. Sustainability is all about being aware of
andadhering
to factors like climate
change
, reducing carbon footprint, reducing
pollution
in a proactive manner
.
Thereputation
and the brand name of such
companies
could take a colossal hit if they do not adhere to the
industryor
regulatory
standards and
they
therefore
do not need tax as a deterrent.
Moreover
, the image these
corporatestry
to build over a period to attract
customers
like millennials
makes
it almost mandatory to be
environmentfriendly
. The modern day
customers
are well aware of the need for preserving the
environment
. And
thecompanies
can ill afford to lose this generation of
customers
. I
think
it is imperative for
companies
to not wait for the authorities or governing bodies to
penalise
or tax them
butproactively
take measures to
reduce
the
pollution
levels and create a sustainable
environment
for the planet. Modern day
customers
are fastidious about the products they
use
and their choices are not
just
based on
theprice
and quality factors
but
the corporate’s reputation and image in keeping the
environment
safe and clean.