Environmental Responsibility of Business (The Emerging issues in Society)

Environment is a matter of serious concern to everybody. It is indeed a matter of life and death to every nation. Business has a broader social responsibility that encompasses legal, ethical, economic and environmental obligations.It should be understood that business is a social proposition, too. A business organization, while making profit in the normal course of its operation, must actively respond to the needs and expectations of the society at large. This imperative has led to the development of a doctrine of social responsibility of business.The recognition of social responsibility has brought to the glare of limelight the environmental responsibility of business. It is now widely accepted that a firm must take steps to protect and conserve the environment for the common benefit of mankind.The protection of environment is a collective responsibility of all individuals, groups, organizations and governments. The future of mankind depends on how scrupulously business organizations perform their responsibility towards maintaining a clean and healthy natural environment along with their industrial, commercial and trading activities. The non-business organizations which have the same responsibilities towards the environment as business organizations must act in a similar fashion