Why Environmental costs become more increased interest for the company:
- In many countries, environmental regulations have increased significantly. Often, the laws carry enormous fines or penalties. Furthermore, the costs for compliance can be significant. To select the least costly way of compliance becomes a major objective. To satisfy it, the compliance costs must be measured and their fundamental causes identified.
- Regulators and companies are beginning to realize it is more effective to prevent pollution rather than to clean it up. The approach seems to be shifting from a command-and-control approach to a market-driven approach.
