How can sustainability be effectively regulated?

Fabian Maximilian Johannes Teichmann and Chiara Wittmann

Journal of Financial Crime, 2022, vol. 31, issue 5, 1156-1165

Abstract: Purpose - This paper aims to examine the fundamental conditions which are necessary for the construction of a regulation which will affect a genuine advancement in the context of environmental protection. Design/methodology/approach - The component parts of an adequately built regulation are broken down to concretise the notion of efficacy – and its proposed universality – in a regulatory context. This paper takes a comparative approach of regulations and extends to include a consideration of the monitoring and enforcement of regulation as a necessary tenant of an effective regulation. Findings - Sustainability regulations have seen a significant development in the 20th century. Notable remain the national discrepancies to so universal problem, as well as an inconsistent acknowledgement of the purpose of sustainability regulations beyond a tick-box compliance commitment. Originality/value - The importance of sustainability has been amplified without a due consideration of what its translation into regulation must look like. This paper argues that no meaningful change can be lobbied without understanding how its practical implementation is performed.

Keywords: Sustainability; Compliance; Compliance incentives; EGSEE goals; Sustainability regulation (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfcpps:jfc-07-2022-0174

DOI: 10.1108/JFC-07-2022-0174

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