International aspect of Corporate Social Responsibility in Trans-Boundary Pollution

Abstract

In this era of globalization, the world has indeed shrunk, it is more and more apparent that pollution respects no boundaries and no borders. Corporate social responsibility and prevention of cross border pollution is a very emergent issue. The increase in the power of environmental groups, the ease of cross border information flow, and the rising concern of the public with regards to global impact of environmental issues are motivating factors resulting in the need to undermine the lacuna that exists in regulating the transboundary pollution. This paper aims to present the status of the transboundary pollution and seeks to establish and quantify the liability of the corporations in such matters. The prime focus of the paper is on the public international law that puts a mandate on the parent company to indemnify the loss caused by them. The paper analyses the International regime of environmental law and highlights the principle under which the parent company becomes liable. The paper concludes with certain sets of recommendation that can be incorporated to effectively deal with such issues.