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Suvrat Dhanorkar Archives - Ideas for Leaders

Why Companies Reduce Environmental Management Practices after Environmental Accidents

Huntington Beach oil rig with oil spill, 2021. Photo by Arvind Vallabh on Unsplash.

The economic, social, and environmental impacts of a spill and pollution (SP) accident can last for years. At the company level, SP accidents will generate negative publicity, damage share price and market values, and hurt the company’s reputation—in addition to potentially costing a company millions of dollars in clean-up costs and other expenses. Between 2015 […]

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