Industry cannot grow at the expense of environment. This was the unanimous opinion of experts at a seminar on `Corporate Environment Initiatives', organised by the Confederation of Indian Industry (CII), in association with the United States Information Services (USIS) and USAID, here today.
Douglas Weinfiled, environmental director, Manufacturers Alliance, USA, focused on short and long term opportunities for gaining financial benefits from environmental management. He presented various case studies, mainly from among the Fortune 500 companies, which clearly illustrated how a company could do well financially by addressing environmental concerns.
He added that environmental management systems were similar to any other system and that every organisation must allocate adequate resources to achieve its environmental goals.
Michael A. Toman, another expert from Washington, said that diffusion of environment-friendly technology was the key to improving corporate environmental performance. Clean technology was fundamentally an economic and social phenomenon, not merely a matter of engineering, he added. However, it was essential to lower the market barriers, which were hindering the penetration of new technologies, he added.
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