Skip to main content
SpringerLink
Log in

The Role of Information Disclosure in Corporate Governance: The Case of the Chemical Industry

  • Chapter
Environment in the 21st Century and New Development Patterns

Part of the book series: Institute for Global Environmental Strategies ((IGES,volume 2))

  • 111 Accesses

Abstract

The corporate world is in an extraordinary state of flux. A combination of rapid technological change and economic liberalization have revolutionized ‘old’ sectors like finance and telecommunications, kept up the pace of change in the always dynamic computer industry and given birth to whole new areas of activity like biotechnology. These changes have led to the proliferation of new companies and the rapid growth of many old ones. This increasingly complex and powerful corporate world finances most of the world’s economic activities, creates the vast majority of its pollution and trains and employs a large share of its workforce.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Afsah, Shakeb, Benoit Laplante and David Wheeler. “Controlling Industrial Pollution: A New Paradigm”. October 1996. (www.worldbank.org/NIPR/work_paper/1672/wp1672.pdf)

    Google Scholar 

  • Afsah, Shakeb, Benoit Laplante and Nabiel Makarim. “Program-Based Pollution Control Management: The Indonesian PROKASIH Program”. December 1995. (www.worldbank.org)

    Google Scholar 

  • Benneh, George, William B. Morgan and Juha I. Uitto, eds. Sustaining the Future: Economics, Social and Environmental Change in Sub-Saharan Africa. Tokyo: United Nations University Press, 1996.

    Google Scholar 

  • Birnie, Patricia W. and Alan E. Boyle. International Law and the Environment. Oxford: Clarendon Press, 1992.

    Google Scholar 

  • BMU (German Environment Ministry). “Environmental Protection and Financial Services: Positions and Activities of the Federal Environment Ministry”. (www.bmu.de/englisch/index.htm)

  • Bo, Wen. “Greening the Chinese Media”, China Environment Series (Woodrow Wilson Center Environmental Change and Security Project), Issue 2 (Summer 1998), 39–44.

    Google Scholar 

  • Borkey, Peter and Francois Leveque. Voluntary Approaches for Environmental Protection in the European Union. Workshop on the Use of Voluntary Approaches in Environmental Policy (OECD). March 1998.

    Google Scholar 

  • Boyd, James. “Searching for the Profit in Pollution Prevention: Case Studies in the Corporate Evaluation of Environmental Opportunities”. Resources for the Future, 1998. (www.epa.gov/opptintr/acctg/paper2b.pdf)

    Google Scholar 

  • Bruner, Laura J. and Michael J. Burns. “The ISO 14000 Series: Business-Friendly Environmentalism”, Environmental Regulation and Permitting, Spring 1998, 17–19.

    Google Scholar 

  • Burnett, Miles. L. “The Pollution Prevention Act of 1990: A Policy Whose Time Has Come or Symbolic Legislation?”, Environmental Management vol.22, no.2 (1998), 213–224.

    Article  Google Scholar 

  • Campanale, Mark A. “Green Investment: Incentives for Disclosure”, Review of European Comparative and International Environmental Law, vol.3 no.1 (1994), 43–48.

    Article  Google Scholar 

  • Cassidy, Alison. “Disclosure of Environmental Information about S&P 500 Companies’ Non-U.S. Operations”. (www.irrc.org/eisweb/eismain.htm)

  • Chaytor, Beatrice and Mathias Wolkewitz. “Participation and Priorities: An Assessment of Developing Countries Concerns in the Trade/Environment Interface”, Review of European Comparative and International Environmental Law, vol.6 no.2 1997, 157–162.

    Article  Google Scholar 

  • Crossley, Rachel and Jonathan Points. Investing in Tomorrow’s Forests. 1998. (www.panda.org/forests4life/news/report.pdf)

  • Dasgupta, Susmita, Benoit Laplante and Nlandu Mamingi, “Pollution and Capital Markets in the Developing World”, The World Bank Development Research Group, 1997. (www.worldbank.org/nipr/work_paper/market/markets.pdf)

    Google Scholar 

  • Davis-Walling, Paige and Stuart A. Batterman. “Environmental Reporting by the Fortune 50 Firms”, Environmental Management vol.21 no.6 (1997), 865–875.

    Article  Google Scholar 

  • Davies, Terry. “Critically Evaluating America’s Pollution Control System”. (www.rff.org/resources_articles/files/regpoll2.htm)

  • Day, Robert M. “Beyond Eco-Efficiency: Sustainability as a Driver for Innovation”. Sustainable Enterprise Perspectives. March 1998. (www.wri.org/meb/sei/ beyond.html)

    Google Scholar 

  • DETR (Department of the Environment, Transport and the Regions, U.K.). “Sustainable Production and Use of Chemicals: Consultation Paper on Chemicals in the Environment”, April 1998. (www.environment.detr.gov.uk/sustainable/chemicals/consult/03 .htm#2)

    Google Scholar 

  • Dupont. “Safety, Health and the Environment: 1997 Progress Data”. (www.dupont.com/corp/environment/data.html#regp)

  • EDF (Environmental Defense Fund) (a). “Toxic Release Inventory Shows Need for Pollution Prevention”. EDF News Release, 18 June 1998. (www.edf.org/pubs/NewsReleases/1998/Jun/d_toxics.html)

    Google Scholar 

  • EDF (b). “Industry to Test 2,800 Major Chemicals for Health, Environmental Effects”. EDF News Release, 9 October 1998. (www.edf.org/pubs/NewsReleases/ 1998/Oct/b_cma.html)

    Google Scholar 

  • EDF (c). “Additional Details on the Voluntary Testing Program”. October 1998. (www.edf.org/pubs/FactSheets/l_cma.html)

    Google Scholar 

  • EDF (d). Toxic Ignorance. 1997. (www.edf.org/pubs/reports/toxicignorance) “EMAS: An Overview, Progress-to-Date and Current Issues”. 1998. (www.emas.lu)

    Google Scholar 

  • Environment Canada. “ 1996 NPRI Summary Report Executive Summary”. (www2.ec.gc.ca/pdb/npri/96)

  • EPA. “EPA’s Toxic Release Inventory”. (www.epa.gov/reg3artd/tchem/tri.htm)

  • European Environment Agency. “Environmental Agreements, Environmental Effectiveness”. Environmental Issues Series no.3, vol.1. Copenhagen 1997. (www.eea.dk/frdocu.htm)

    Google Scholar 

  • Greenpeace International. “The Decline of Corporate Accountability”. (www.greenpeace.org)

  • Hammond, Allen. Which World? Scenarios for the 21st Century. Global Destinies, Regional Choices. Washington D.C.: Island Press, 1998.

    Google Scholar 

  • Hong, Mei. “Legal Gateways for Environmental Protection in China”, Review of European, Comparative and International Environmental Law vol.4 no.1 (1995), 22–32.

    Article  Google Scholar 

  • ICCA (International Council of Chemical Associations). “Industrial Perspectives on International Chemicals Management”. (www.icca-chem.org/issues.htm)

  • Imura, Hidefumi (a). “The Use of Voluntary Approaches in Japan: An Initial Survey”, presented at the Workshop on the Use of Voluntary Approaches in Environmental Policy (OECD), 1–2 July 1998.

    Google Scholar 

  • Imura, Hidefumi (b). “The Use of Unilateral Agreements in Japan: Voluntary Action Plans of Industries Against Global Warming”, presented at the Workshop on the Use of Voluntary Approaches in Environmental Policy (OECD), 1–2 July 1998.

    Google Scholar 

  • IRRC (Investor Responsibility Research Center). “Green Investing: Good Environmental Sense Makes Good Financial Sense”. (www.irrc.org/eisweb/ eismain.htm)

  • Konar, Shameek and Mark A. Cohen. “Information as Regulation; the Effect of Community Right to Know Laws on Toxic Emissions”, Journal of Environmental Economics and Management vol. 32 (1997), 109–124.

    Article  Google Scholar 

  • Labatt, S. and V.W. Maclaren. “Voluntary Corporate Environmental Initiatives: A Typology and Preliminary Investigation”, Environment and Planning C: Government and Policy, vol 16 (1998), 191–209.

    Article  Google Scholar 

  • Mandel, Michael J. “You Ain’t Seen Nothing Yet”, Business Week, 31 August 1998, 60–63.

    Google Scholar 

  • Mazurek, Janice. “The Use of Unilateral Agreements in the United States: The Responsible Care Initiative” presented at the Workshop on the Use of Voluntary Approaches in Environmental Policy (OECD), 1–2 July 1998.

    Google Scholar 

  • Morrow, Hugh. “Reducing Cadmium Risk in the U.S. through and Industry Sponsored Nickel/Cadmium Battery Collection and Recycling Program” in Proceedings of the OECD Workshop on Non-Regulatory Initiatives for Chemical Risk Management, 10–12 September 1996, 27–34. (www.oecd.org/ehs/ehsmono/ 06E71417.pdf)

    Google Scholar 

  • Murty, M.N. “Environmental Regulation in the Developing World: The Case of India”. Review of European, Comparative and International Environmental Law, vol.4 no.3 (1995), 330–337.

    Article  Google Scholar 

  • Nicholl, Peter. “Market Based Regulation of Banks: A New System of Disclosure and Incentives in New Zealand”. Public Policy for the Private Sector, Note no.94, October 1996. (www.worldbank.org/html/fpd/notes/94/94nichol.pdf)

    Google Scholar 

  • OECD(a). Pollution Prevention and Control Extended Producer Responsibility in the OECD Area Phase 1 Report: Legal and Administrative Approaches in Member Countries and Policy Options for EPR Programmes. (OCDE/ GD(96)48). 1996.

    Google Scholar 

  • OECD(b). Pollution Release and Transfer Registers (PRTRs): A Tool for Environmental Policy and Sustainable Development: Guidance Manual for Governments. (www.oecd.org//env/docs/en/gd9632.pdf)

  • OECD(c). Activities to Reduce Pesticide Risks in OECD and Selected FAO Countries. Part I: Summary Report. OECD Environmental Health and Safety Publications, No.4, 1996. (www.oecd.org/ehsmono/07e69625.pdf)

    Google Scholar 

  • Palestine Economic Pulse. “Private Sector Update: ISO- International Standards in Palestine”, 1998. (www.palecon.org/pulsedir/march/private.html)

    Google Scholar 

  • PANUPS (Pesticide Action Network). “NGOs Call for Rapid Implementation of Prior Informed Consent”, 14 September 1998. (www.dejanews.com)

    Google Scholar 

  • Pearce, David W. and Jeremy J. Warford. “Economics, Environment and Sustainable Development: A Summary”. 1993. (www.worldbank.org/html/extpb/reports/WorldEnd2.html)

    Google Scholar 

  • Porter, Michael E. and Claas van der Linde. “Green and Competitive: Ending the Stalemate”, Harvard Business Review, September-October 1995, 120–134.

    Google Scholar 

  • PIRG(a). “Trust Us, Don’t Track Us: Executive Summary”. (www.pirg.org/enviro/ toxics/track98/page l .htm)

  • PIRG(b). “Trust Us, Don’t Track Us: Materials Accounting Data: Successful State Programs”. (www.pirg.org/enviro/toxics/track98/page9.htm)

  • PIRG(c). “Right to Know Data Show Toxic Wastes Increasing, Industrial Pollution Prevention Efforts Failing”. 18 June 1998. (www.wri.org/enviro/toxics/rtk/epatri98.htm)

    Google Scholar 

  • Ranganathan, Janet. “Sustainability Rulers: Measuring Corporate Environmental and Social Performance”. Sustainable Enterprise Perspectives. May 1998. (www.wri.org/meb/pdf/janet2.pdf)

    Google Scholar 

  • Riordan, James. “Accelerated Reduction/Elimination of Toxics (ARET): Government Perspective” in Proceedings of the OECD Workshop on NonRegulatory Initiatives for Chemical Risk Management, 10–12 September 1996, 45–48. (www.oecd.org/ehs/ehsmono/06E71417.pdf)

    Google Scholar 

  • Robbins, Deirdre H. “Doing Business in the Sunshine: Public Access to Environmental Information in the United States”. Review of European, Comparative and International Environmental Law, vol.3 no.1, 26–35.

    Google Scholar 

  • Roy, Manik. “Toxics Use Reduction: Act Overview”, 1993. (www.magnet.state.ma.us/dep/bwp/dhm/tura/turaover.htm)

    Google Scholar 

  • Sissell, Kara. “Mexico Starts Up Program”. Chemical Week vol.160 no.20, 27 May 1998.

    Google Scholar 

  • Smart, Bruce. Beyond Compliance: A New Industry View of the Environment. World Resources Institute, 1992.

    Google Scholar 

  • The Economist(a). “Long-term sickness?”, 3 October 1998, 91–93.

    Google Scholar 

  • The Economist(b). “The Burning Issue”, 25 July 1998, 68–69.

    Google Scholar 

  • The Japan Times. “Aiming for Good Corporate Governance”, 6 August 1998.

    Google Scholar 

  • The Japan Times. “Testing of 15,000 Chemicals Recommended”,7 October 1998.

    Google Scholar 

  • Thomas, Jim and Dick Constable. “ISO 14000: A New Approach to International Environmental Standards”. Environmental Regulation and Permitting, Spring 1996, 3–11.

    Google Scholar 

  • Tietenberg, Tom. “Information Strategies for Pollution Control presented at the Eighth Annual Conference of the European Association of Environmental and Resource Economists”, Tilburg University, The Netherlands, 26–28 June 1997. (www.colby.edu/personal/thtieten/info_stratfull.pdf)

    Google Scholar 

  • UNEP (a). UNEP Statement by Financial Institutions on the Environment and Sustainable Development (As Revised- May 1997). www.unep.ch/eteu/envrfin.html

  • UNEP (b). “Information Exchange and Capact, Building”. 1998. (irptc.unep.ch/ irptc/docs/news/t22 . html)

    Google Scholar 

  • USIA. “U.S. Will Sign Rotterdam Convention”, 11 Sept, 1998. (www.dejanews.com)

    Google Scholar 

  • Vogel, Steven K. Freer Markets, More Rules: Regulatory Reform in Advanced Industrial Countries. Ithaca: Cornell University Press, 1996.

    Google Scholar 

  • Wong, Eeling. “The Environmental Dimension of Corporate Finance”. (www.memegroup.co.uk/magazine/09_september/biweek_1/ env i rori etfl nance. html)

  • World Bank (a). “Corporate Governance”. (http://www.worldbank.org/html/fpd/privatesector/corpgov.htm)

  • World Bank(b). “ISO 14000 Standards for Environmental Management”. New Ideas in Pollution Regulation: Appendix 2. 23 September 1998. (www.worldbank.org/ NIPR/work_paper/1877/WP 1877web-11.htm)

    Google Scholar 

  • West, Steve. “Accelerated Reduction/Elimination of Toxics (ARET) (Industry Perspective)” in Proceedings of the OECD Workshop on Non-Regulatory Initiatives for Chemical Risk Management, 10–12 September 1996, 49–51. (www.oecd.org/ehs/ehsmono/06E71417.pdf)

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. IGES (Institute for Global Environmental Strategies), Japan

    Cindy Termorshuizen

Authors
  1. Cindy Termorshuizen
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Institute for Global Environmental Strategies (IGES), Hayama, Kanagawa, Japan

    K. Matsushita

Rights and permissions

Reprints and permissions

Copyright information

© 2001 Springer Science+Business Media Dordrecht

About this chapter

Cite this chapter

Termorshuizen, C. (2001). The Role of Information Disclosure in Corporate Governance: The Case of the Chemical Industry. In: Matsushita, K. (eds) Environment in the 21st Century and New Development Patterns. Institute for Global Environmental Strategies, vol 2. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-9670-1_6

Download citation

  • DOI: https://doi.org/10.1007/978-94-015-9670-1_6

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-90-481-5617-7

  • Online ISBN: 978-94-015-9670-1

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics

Search

Navigation