Abstract

The natural environment we live in is vital to us as humans. It is the provider of all our basic needs and is extremely important for not just survival of life but also for its healthy sustenance. The environment we live in provides the air we breathe, the water we drink, the soil we grow our crops in, etc. It affects each and every aspect of living and so in this regard it is vital that the environment we surround ourselves with is one which is of good quality so that it is also reflected in our own lives. With globalization, we have seen many changes in the business world and its effect on the Indian business scenario. With liberalization and privatization as well we have seen the setting up of various businesses, factories, industries etc. which has greatly impacted the economic and other other conditions of the country. Without a doubt these houses of production and business have also had an effect on our natural environment as well. This paper aims to discuss the impact of businesses and production on our natural environment along with what laws, rules and regulations have been put into place inorder to protect the same. It also aims to discuss the steps taken by various businesses and companies to do their part in protecting the environment and reducing the damage done to it in due course of fulfilling their business processes. It also touches upon the CSR activities taken up by companies as a part of environmental protection.

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