Corporate Liability for Environment Damage: A Critical Analysis of the Legal Dimensions and Principles

Hrithik Vyas

Abstract: The matter of holding companies responsible for environmental damage is highly crucial in India, given the nation's complex environmental challenges and the substantial impact that corporations have on environmental results. This paper conducts a thorough evaluation of the legal concepts that regulate corporate accountability for environmental harm in India. The analysis assesses the existing legal framework, which encompasses significant legislations such as the Environment (Protection) Act of 1986 and the Companies Act of 2013. It also scrutinises noteworthy court cases to monitor the evolution of environmental law and its influence on corporate accountability. The report also examines the challenges and criticisms related to the implementation of corporate responsibility rules and conducts a comparative analysis with international legal standards to suggest possible areas for improvement. The study offers suggestions for strengthening the legislative framework and enhancing corporate accountability regarding environmental harm in India, based on the discovered results.

Keywords: Corporate Liability, Environmental Jurisprudence, Regulatory Framework, Corporate Accountability, Comparative Analysis

How to Cite?: Hrithik Vyas, "Corporate Liability for Environment Damage: A Critical Analysis of the Legal Dimensions and Principles", Volume 13 Issue 10, October 2024, International Journal of Science and Research (IJSR), Pages: 1243-1247, https://www.ijsr.net/getabstract.php?paperid=SR241017031240, DOI: https://dx.doi.org/10.21275/SR241017031240