Corporate Environment Responsibility Flashcards
1
Q
What is it
A
Corporate Environmental Responsibility (CER) refers to a company’s duties to abstain from damaging natural environments. The term derives from corporate social responsibility (CSR)
2
Q
Why in news
A
The environment ministry has firmed up guidelines that will require every corporate seeking green clearance to set aside up to 2% of its capital investment for corporate Environment Responsibility.
3
Q
Do brown field projects have same responsiblity
A
Nope….For them its from 0.125% to 1% per year and for green field projects it is 0.25% to 2%
4
Q
How much should a corporate expanding worth 1 bn should spend on CER
A
- 25%(green field)
0. 125%(brown field)
