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Environmental and human health government interventions, 464
damage, 176“182 and human health risks, 446
cost assessment and mitigation risks, impacts on costs, 443
181“182 legal risks involved, 445
extent of damages, 179“181 material or financial threats to
public education, 182 organisation, 443“444
Environmental drivers and trends, operational risks, 445
48“51 and reputational risks, 446
Index 725



risk managements practice, 437, risk management methods, 407“408
451“457 External safety risks, for customer and
risks of implementation of public
environmentally sustainable case studies
programmes, 445“446 food sector issues, 410
stakeholder and reputational risks, oil and gas sector issues, 410“411
446“447 pharmaceutical sector issues, 410
Equator Principles, 36, 223, 278, 448 transport sector issues, 409
Ethical business strategies, 155“157 risk management approaches, 411
Ethical Corporation and European Extra-financial performance, 650
Academy of Business in Society Exxon Mobil Corporation, 225, 238,
(EABIS), 54 466
Ethical exclusions, 649
Ethical Investment Research Services F
(EIRIS), 221 FDCPA (Fair Debt Collection Practices
Ethical Trading Initiative (ETI), 354 Act), 308
European Community (EC), 650 Financial Modernisation Act (1999), see
law, 451 Gramm-Leach-Bliley Act
European Convention on Human Rights Five chemicals alternatives assessment
(ECHR) 1950, 353 study, 452
European Directive 99/94/EC, 480 Food additives, toxicity of, 424“425
European Environment Agency (EEA), Food-borne illnesses, 421
528 Food health and safety issues, recently
European Union (EU) emerging
Accounts Modernisation Directive, case study by Raj Patel, 418“425
213“214, 224 Food sector, safety threats in
Business Alliance, to CSR, 575“576 allergenicity, 419“420
˜eco-labelling™ scheme, 442 antibiotics in honey, 420
Eco-Management and Audit carcinogenic acrylamide in food,
Scheme (EMAS), 438, 440 420“421
Emission Trading Scheme, 530 food additives toxicity, 424“425
guidelines, in protecting personal food authenticity, 422“423
information, 309“311 GM crop production, 423“424
REACH chemical plan, 41 nanomaterials as, 424
Water Directive regulations, 509 packaging and food contamination,
˜Euro 5™ vehicle standards, 46, 61 422
Evapotranspiration, 650 pathogens, common and emerging,
Eversheds survey, on directors 421“422
involvement, 547 security of food, 423
E-waste health and safety risks, 254 Foreign direct investment, in Nepal,
External fraud, 650 602
External health risks, to customers and Friends of the Earth, 447
public FTSE4Good and Dow Jones
company case studies, 406“407 Sustainability Group Index, 453
sector risks, 404“405 FTSE4Good series, 221
historical examples of, 405“406 Full disclosure, 650
Index
726



G Health and safety management systems
GATTS Treaty, 232 (HSMS), 396“397
G8 Climate Change Roundtable group, benefits, 370“371
531 to stakeholders, 378
GDP, 650 health and safety priorities, 380
General Agreement on Tariffs and Trade Health and safety risks, 662
(GATT), 650 analysis of risk by category, 378“379
General Circulation Model (GCM), 650 director and officer liability, 374“375
Generally Accepted Accounting financial risks in, 372“373
Principles (GAAP), 650 internal health risks of workforce,
Genetic screening, for disease risks, 43 380“383
GlaxoSmithKline plc, 232, 237, 239, legal aspects of, 373“374
254, 477, 497 overview of company risk, 378
Global Environmental Management stakeholder reputational risks,
Initiative™s Water Sustainability 375“376
tool, 508 viewed in sector-by-sector format, 380
Global protest culture, 56 Health Insurance Portability and
Global Reporting Initiative (GRI), 54, Accountability Act (HIPAA), 91
403, 651 Health liability risks
Reporting Framework, 651 analysis of historical, 395“396
Global Sullivan Principles (GSP), 354 Bayer AG and product liability case,
Global warming, 51, 520, 525, 651, see 417
also Climate change BOC plc case, 417
Global warming potential (GWP), 651 in different sectors, 413“415
Gramm-Leach-Bliley Act, 90“91 historical analysis of, 412
Green Awards for sustainability in tobacco sector, 415“416
communications, 42, 245 Health risk issues, 286“287
Greenbury Report, 545 AIDS/HIV issue, 383“384
Greenhouse effect, 651 asbestos exposure, 384
Greenhouse gases (GHG), 523, 651 back pains, 384
air pollution by, 524“525 bullying problem, 385
emissions, 51 carcinogenic materials and electro
human emitted, 519 magnetic radiation exposure, 385
Greenpeace, 447 chronic beryllium disease, 385
Group of 77 and China, or G77/China, environmental risks and human
651 health, 385“386
GUS plc, 487 excess noise exposure, 385, 387“388
lead exposure, 386
H liquid toxicity, 386
Hampel Review, 545 lung disease risks, 386“387
Hawala banking system, in the UK, 143 neural toxicity, 387
Hazardous chemicals/materials, 403 office based ailments, 388“389
Hazards, 374 repetitive strain injury (RSI), 389
Health and Safety at Work Act, 1974, skin damage and sick building
377 syndrome, 389
Health and Safety Executive (HSE), 372 vibration white finger (VWF), 390
Index 727



vision and vocal damage, 390 Human rights standards, 352
work stress, 389“390 Alien Torts Claims Act, 354
HGWP (high global warming potential), Council for Economic Priorities (CEP),
651 354“355
High risk sectors, 8“10 Ethical Trading Initiative (ETI), 354
Historical environmental liability risk, European Convention on Human
469“471 Rights (ECHR) 1950, 353
Honda, 245 Global Sullivan Principles (GSP), 354
Hot air, 651 International Labour Organisation
HSBC Holdings plc, 467 Declaration, 353
Human capital, 651 OECD guidelines, 354
Human resources, 651 regional and economic conventions,
Human resources risk, 285“286 353
benefits of diversity, 322“323 United Nations Global Compact,
compliance issues 352“353
child labour, 326 UN Universal Declaration of Human
discipline and abuse of workers, 328 Rights (UDHR), 352
forced labour, 326 Voluntary Principles on Security and
freedom of association and Human Rights, 354
collective bargaining, 327 Hydrofluorocarbons (HFCs), 652
health and safety, 326“327
legal requirements on ageism, I
331“334 ICC Business Charter for Sustainable
privacy of employees, 336“337 Development, 626“628
working conditions and pay, ILO Convention 138, 286
327“328 Incentive-based regulation, 652
dismissal, 338 Incentives and environmental
human rights standards related to responsibility to employee,
workplace, 323“325 625“626
overview, 314“317 Income statement, 652
protection of whistleblowers, 339“342 Independent board member, 652
risk management framework, 317“322 India
selection and recruitment, 338 Companies Act in, 600
US SOX legislation, 343 corporate governance in, 599“602
Human rights, 651 CSR and SD in, 578“579
abuses and company policies, 349 Indian BPO industry, case study
aspects of companies, 350 findings
element of the risk management compliance measures in data
system, 355“359 transfer, 308
internal, 651 data protection laws in India,
potential benefits of, 351 307“308
risks, 276“277 enactment of appropriate
issue of, 349 legislation, 308“311
Human Rights Act, 652 short and long term impact
Human Rights Act (1998), 276 analysis, 306“307
Human Rights Act 2000, 353 research methodology, 305“306
Index
728



Indian Wildlife (Protection) Amendment Internal controls, and risk management,
Act (2006), 496 539“541
Indigenous peoples rights, 365 Internal fraud, 652
Indirect costs, 12 Internal safety issues, of workforce,
Indirect risks, 11“13 analysis of, 391“395
Individual brand values, 12 case studies in, 393“395
Information technology, growth and recent resurgent risks, 391“392
development of, 42“43 risk management, 395
Information Technology Act (2000), safety risks including, 391
307“308 sector wise risks, 392“393
Initial public offerings (IPOs), 364 International Chamber of Commerce
Insolvency and meaning, 169“171 (ICC), 438
Institute of Chartered Accountants of International Labour Office (ILO), 360
Pakistan (ICAP), 606 International Labour Organisation (ILO),
Institute of Chartered Accountants of 369
Sri Lanka, 607 International Labour Organisation
Institutional investors, in Bangladesh, Declaration on Fundamental
598“599 Principles and Rights at Work,
Institutional Investors Group on Climate 353
Change (IIGCC), 521 International Labour Organisation
Institutions, and corporate governance, Guidelines on Occupational
576 Safety and Health Management
Insurance issues, in crisis management Systems (ILO-OSH 2001),
extent of damage, 191 376“377
needs assessment, 187“188 International Standards Organisation
organisation dependencies, 188“190 (ISO), 454
role as aid Internet and technology risks
liability covers, 194“195 with commercial transactions,
material damage policies, 260“261
193“194 compliance requirements, 264
Intangible asset, 652 management of legal risk issues,
Intangible risks, 11“13 263“264
Intangible value, 11“12 nature of risks, 262
Integrated Pollution Prevention and technology services, 261“262
Control (IPPC) Directive Investing and lending policy trends,
96/61/EC, 225, 447 36“37
Integration, 652 Investor relations (IR), 652
Intellectual assets, 258“260 iPod Nano Red, 246
Intellectual capital, 652 Irritable desk syndrome, 389
Intellectual property (IP) ISO 14001, 454
categories, 202“203 core principles of, 455
pros and cons, 203“204 ISO standards and EMS, 454“455
Intergenerational equity, 652
Intergovernmental Panel on Climate J
Change (IPCC), 51, 652 John Lewis Partnership plc, 497
4th Assessment Report, 522 Joint implementation (JI), 652
Index 729



J.P. Morgan Chase, 236 in technology-intensive environment,
JTI-MacDonald, 235 264
transactional process, 82“84
K areas identified, 84“86
Kesa, 235 trends, 89“90
Kraft, 245, 278 Legislation bodies on air pollution, 450
Kyoto mechanisms, 653 Levi Strauss, 246
Kyoto Protocol, 47, 51, 403, 531“533, Liability, 653
653 Licence to operate, 653
and carbon credit trading, 530 Limited liability company, 110“112
Clean Development Mechanism, 50 Limited Liability Partnerships Act
characteristics, 112“113
L comparison with UK private limited
Land use, land-use change and forestry company, 113“114
(LULUCF), 653 designated members, 113
Law Commission™s Report No. 237, features of partnership, 115“116
108“109 fiscal transparency, 114“115
LCCI London Business Leaders™ Panel Listed companies, in Pakistan, 605“606
survey report Listing rules
and alignment with company for corporate governance, 550“551
business plans, 168 of NASDAQ and New York Stock
issue for SMEs, 165“167 Exchange, 562“564
role and influence of business London Benchmarking Group (LBG),
security managers, 167“168 284
value of facilities, 168“169
Leading indicator, 653 M
Legal risk management Macroeconomic impact of HIV/AIDS,
beneficiaries, 86 384
critical factors, 88“89 Marconi case study, 546
government and regulatory Market benefits, 653
compliance, 90“91 Market value, 653
hints and tips, 90 Marks & Spencer plc, 236, 245, 407,
implementation of 468
in banks, case study, 74“76 Merger, of Mercedes-Benz and Chrysler,
basic steps, 72“73 97“98
drivers, 77“78 Merrill Lynch & Co., 235
hints and tips, 76 Metadata information, 266“268
measure and control, 76“77 Methane (CH4), 653
process levels, 73 Microcredit system, 40
legal risks, defined, 67“69 Microscopic plastic pollution, 511
practical issues, 87“88 Microsoft, 225, 231
purpose, 78“82 Miniaturisation, 34
risk evaluation, 70“71 Mitigation, 13
risk identification, 69“70 Mobile communications industry,
systematic approaches and risk external health and safety
recording, 71“72 problems, 405
Index
730



Modern Company Law for a Competitive Occupational and Environmental
Economy report, 545“549 Medicine, 388
auditor independence, lack of, 547“548 Occupational Safety and Health
Enron case study, 546“547 Administration (OSHA), 177, 369
executive compensation, 548“549 Occupational safety and health

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