|
Disregard for ecological issues shown by some Russian companies damages their reputation and adversely affects market capitalization, thinks John Buttle, an ecology expert of Ernst & Young, www.bumprom informs. International investors do care for their public image and social responsibility. The main market players realize that any ecological disaster, which could be prevented, means their expulsion from Dow Jones Sustainability and FTSE4Good indexes.
On commenting on the situation, he underlined that ineffective laws in ecologically problematic countries mean increased risks of unforeseen consequences.
The expert characterizes as “encouraging” the initiatives of Rosprirodnadzor considering violation of environmental regulations, which concern a planned pipeline near the Baikal Lake — the unique reserve belonging to next generations.
|
