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Corporate accountability in environmental degradation: An international legal perspective on global sustainable practices


Article Information

Title: Corporate accountability in environmental degradation: An international legal perspective on global sustainable practices

Authors: Precious Oluwaseun Okedele, Onoriode Reginald Aziza, Portia Oduro, Akinwale Omowumi Ishola

Journal: Finance & accounting research journal

HEC Recognition History
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Year: 2024

Volume: 6

Issue: 12

Language: en

DOI: 10.51594/farj.v6i12.1770

Categories

Abstract

This paper explores the issue of corporate accountability in environmental degradation from an international legal perspective, focusing on global sustainable practices. With increasing concerns about environmental sustainability and the growing influence of multinational corporations, this paper examines the role that international law plays in holding corporations accountable for their environmental impact. It discusses various legal frameworks, including international treaties, conventions, and national legislations, that aim to regulate corporate behavior and mitigate environmental harm. The analysis covers the effectiveness of these legal mechanisms in addressing issues such as pollution, deforestation, climate change, and biodiversity loss. The paper also highlights the challenges of enforcement, jurisdictional limitations, and the role of corporate social responsibility (CSR) in promoting sustainable business practices. Furthermore, it assesses the potential for enhancing international cooperation and developing new legal tools to ensure corporate compliance with global environmental standards. In conclusion, the paper advocates for stronger legal frameworks and global collaboration to achieve long-term sustainability and hold corporations accountable for their environmental footprint.
Keywords:  Corporate Accountability, Environmental Degradation, International Law, Global Sustainability, Environmental Impact.


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