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How can sustainability be effectively regulated?

Author

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  • Fabian Maximilian Johannes Teichmann
  • Chiara Wittmann

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.

Suggested Citation

  • Fabian Maximilian Johannes Teichmann & Chiara Wittmann, 2022. "How can sustainability be effectively regulated?," Journal of Financial Crime, Emerald Group Publishing Limited, vol. 31(5), pages 1156-1165, October.
    • Handle: RePEc:eme:jfcpps:jfc-07-2022-0174
    DOI: 10.1108/JFC-07-2022-0174
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