Ethical practices of business in environmental issues: a study based on selected industry in Goa

The current research meant to examine Goa's Pharmaceutical companies’ disclosures regarding their performance towards the safety of natural environment and numerous laws, Rules & regulation obeyed as a ethical measure taken toward prevention of environment. In this paper, the theoretical foundation of environmental Laws, Rules, Regulation & environmental ethics is discussed with special relevance to pharmaceuticals industry. The study made use of primary and secondary source were based exclusively on the use of firms corporate website and annual report. After correct analysis the researcher has felt that the scenario of Environmental Laws practices has not been transformed. Even after some companies have achieved ISO -14001 certification based on voluntary involvement in their environmental management system, several other companies have unsuccessful. That solely mandatory laws are obeyed. Where many companies have started adopting steps in conservation of energy & utilizing alternative source of energy, on one side other many companies have failed to adopt steps in environmental audit, environmental management system, environmental policy making. Cmpanies now just cannot rely on adoption of mandatory Laws however they need to contribute towards environmental well being & society at large as its time to now build some change dramatically. Thinking innovative and adopt new generation technology. Which will able to facilitate them to reduces wastes generation, recycle, save energy as much as they can and conjointly use alternate source of energy which is renewable in nature and also managing the available non renewable resources at their maximum potential by that nothing get wasted and company can be known as Ethical & Environmental Friendly Company.