These successes are further confirmed as environmentally friendly business

These successes are further confirmed as

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These successes are further confirmed as environmentally friendly business practices tend to reduce costs, particularly in industries subject to strict EPA regulation, like the auto industry (Cho et al, 2018). This is evidenced in the auto industry by companies, like Subaru, who established a completely waste free production facility saving them nearly 2 million dollars annually (Ma, Song & Zhou, 2018). Oppositely, disregarding environmental regulation can have severe negative consequences, as seen in the Volkswagen “DieselGate” scandal. Volkswagen’s manipulation of environmental testing cost the company both financially as well as the ensuing brand image costs. As seen in previous modules, a company’s disregard for regulation and ethical business practices can lead to incidents of corruption, especially with the potential for bribes in an effort to bypass regulations (Ma et al, 2018). Companies which implement environmentally conscious practices can certainly benefit financially and establish their brand with sound moral and ethical motivations. Modern consumers are increasingly more aware of how a company or product affects the world around them, often choosing to invest in products which support environmental sustainability.
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