There would be a substantial attention that would be seen on the environmental conditions after the UN conference that was held in Rio de Janerio. There is no accountability as such on government as well as corporations which is why actual harm that they are posing on the environment does not come out.
According to Pavan Sukhdev, a board member of U. S. environmental group Conservation International and a former Deutsche Bank AG banker, the way people are misusing natural resources like air, water, trees is very degenerative. He went on to add that there are over 3,000 companies that have failed to account for over $2.1 trillion that they owe due to the pollution that they have caused. These huge corporations get away very easily with dumping carbon dioxide into the air or waste into a river.
This is a very worrisome situation as the entire corporate sector is included in this degeneration. If overall cost it to be calculated then the amount doubles to $4 trillion which is nearly 6.7% of global GDP.
Sukhdev said, “We cannot continue to do business thinking we are adding value to shareholders while at the same time destroying value for stakeholders. This is bad management”.
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