Preserving the Environment By Serving the Notion of Common Good: Toward a Responsible Investment

Mohammad Pedram

    Research output: Contribution to journalArticleResearch

    Abstract

    Our lives on the planet constitute a bigger image defining the relationship with the environment. Hence, it is worth talking about the common good of people worldwide. In this sense, we envisage a borderless good or better to say a shared good that is the environment, and individuals’ activities can be interpreted by their impacts on it. Environmental protection is a hot topic and states have put their efforts to minimize humans’ footprints by introducing regulations and measures because lack of comprehensive measures leads to regulative imbalances among communities. Less-developed communities (LDCs) intend to attract multinational corporations to invest in their communities to decrease the unemployment rate and increase economic prosperity. In this case, there is competition among them to ease the regulations in favour of investment maximization. Such a practice often treats environmental preservation as the secondary matter that results in regulative imbalances between less-developed and industrialized communities (ICs). In this scenario, multinational corporations (MNCs) opt for a more convenient regulative system other than a developed legal system and move their polluted production lines to LDCs, while this is in stark contrast with the flourishing of individuals. This Article discusses that preserving the environment calls for responsible investment through MNCs. It is incumbent on them to ensure that their businesses in the LDCs comply with the stricter regulations in the parent companies’ domicile and individuals would be entitled to make them accountable in their home communities.
    Original languageEnglish
    Pages (from-to)14-33
    JournalEmory International Law Review
    Volume36
    Publication statusPublished - 20 Jul 2021

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