Table of Contents

Sustainable Innovation and Entrepreneurship

Sustainable Innovation and Entrepreneurship

New Perspectives in Research on Corporate Sustainability series

Edited by Rolf Wüstenhagen, Jost Hamschmidt, Sanjay Sharma and Mark Starik

In recent years our understanding of corporate sustainability has moved from exploitation to exploration, from corporate environmental management to sustainable entrepreneurship, and from efficiency to innovation. Yet current trends indicate the need for radical innovation via entrepreneurial start-ups or new ventures within existing corporations despite difficulties with the financing and marketing of such efforts. Presenting both conceptual and empirical research, this fascinating book addresses how we can combine environmental and social sustainability with economic sustainability in order to produce innovative new business models.

Chapter 11: Is the European Pollutant Emission Register an Effective Instrument for Disciplining Companies?

Joaquín Cañón-de-Francia, Concepción Garcés-Ayerbe and Marisa Ramírez-Alesón

Subjects: business and management, corporate social responsibility, management and sustainability, organisational innovation, social entrepreneurship, development studies, social entrepreneurship, environment, corporate social responsibility, environmental management, innovation and technology, organisational innovation, politics and public policy, social entrepreneurship


11. Is the European Pollutant Emission Register an effective instrument for disciplining companies? Joaquín Cañón-de-Francia, Concepción Garcés-Ayerbe and Marisa Ramírez-Alesón1 Market-based environmental regulation instruments attempt to encourage a certain type of behaviour through market signals, rather than through explicit directives regarding pollution control levels or methods (Stavins, 2003). Within the limits of this definition we find what Tietenberg (1998), Tietenberg and Wheeler (2001), Cohen (2002) and others have called the ‘third wave’ of environmental regulation, based on the use of quasiregulatory instruments such as the disclosure of information to the public about the pollution generated by each individual firm. Environmental information disclosure strategies consist of ‘public and/or private attempts to increase the availability of information on pollution to workers, consumers, shareholders and the public at large’ (Tietenberg and Wheeler, 2001: 87). The normative basis of this instrument of environmental regulation is the ‘right to know’, the right of all citizens to know to what extent they are affected by risks derived from environmental pollution (Cohen, 2001, 2002). The best-known example of this environmental information disclosure requirement is the Toxic Release Inventory (TRI) database promoted in the USA by the Emergency Planning and Community Right to Know Act of 1986. First published in 1989, information on the emission of up to 300 toxic chemical compounds by each of the affected firms was made available under the programme. In the European context, public access to an inventory of toxic emissions was originally...

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