MITIGATION OF ENVIRONMENTAL LIABILITIES IN BRAZILIAN COMPANIES: WHAT DOES THIS HAVE TO DO WITH COMPLIANCE?

Authors

  • Mauricéia Carvalho Nascimento
  • Isabel Lausanne Fontgalland

DOI:

https://doi.org/10.56083/RCV3N2-014

Keywords:

Social and Environmental Policies, State-Owned Enterprises, Environmental Liabilities

Abstract

This study aimed to identify the social and environmental policies implemented by the State-owned companies of the Union of Direct Control in the mitigation of environmental liabilities. Regarding the methodological procedures, it was characterized as a comparative study of the cross-section type. The research universe corresponds to the state-owned companies in Mixed Economy Society of open capital of direct control of the Union, namely, Banco do Brasil, Eletrobrás, Petrobras, Banco da Amazônia and Banco do Nordeste. The data showed that the companies have social and environmental sustainability practices compatible with the market in which they operate. Not all companies define the environmentally adequate final disposal of solid waste. Only Eletrobrás and Petrobras have conditioning and compensation measures to mitigate environmental damage. Eletrobrás and Petrobras have environmental impact studies, technical notes for impact actions and Environmental Impact Reports. All companies have policies, requirements, and socio-environmental guidelines in their hiring processes, and have compliance programs in place. Although some of the elements that were checked were absent, it is evident from the literature that socio-environmental policies and actions allow companies to manage their risks, identify environmental liabilities related to their activities, from their hiring, project execution, supply of goods and services, and disposal of their solid waste.

References

Azevedo, M. M., Cardoso, A. A., Federico, B. E., Lima, M. A. F., & Duarte, J. G. (2017). Compliance and risk management in organizational processes. Multidisciplinary Graduate Journal, 1(1), 179-196.

Batello, E. R., Mello, L. A. & De Paula, V. F. (2009). Model of an Environmental Liabilities management system. Groundwater.

Bissacot, T. C. C., & Oliveira, S. M. A. C. (2016). Instrument for environmental risk management. Sanitary and environmental engineering, 21(2), 227-232. DOI: https://doi.org/10.1590/s1413-41522016140442

Brazil Law No. 13,303, June 30, 2016. (2016). http://www.planalto.gov.br/ccivil_03/_ato2015-2018/2016/lei/l13303.htm. Accessed on: 17 Nov. 2022.

Carvalho, A. C., Bertoccelli, R. P., Alvim, T. C. & Venturini, O. (2021). Manual de Compliance. Forense.

Accounting Pronouncements Committee: Conceptual Framework for Financial Reporting (2019). http://www.cpc.org.br/CPC/Documentos-Emitidos/Pronunciamentos/Pronunciamento?Id=80>. Accessed on: 28 May 2022.

Decree No. 8,945, December 27, 2016. (2016). http://www.planalto.gov.br/ccivil_03/_ato2015-2018/2016/Decreto/D8945.htm. Accessed on: 09 Jan. 2022.

Empresas estatais federais. Ministry of Planning, Development and Management, Secretariat for Coordination and Governance of State-Owned Enterprises (2021). PM.

Freitas, C. G. F. (2014). Perspectivas e desafios à gestão de riscos e desastres: uma análise sobre a configuração do direito de desastres no mundo e no Brasil. [Doctoral thesis, University of Brasília]. Biblioteca Digital de Teses e Dissertações da UNB. https://repositorio.unb.br/handle/10482/18735

Fontgalland, I (2022) The new sustainability accounting, Ed. Amppla.

Gerring, J. (2007). Case Study Research: Principles and Practices. Cambridge University Press. DOI: https://doi.org/10.1017/CBO9780511803123

Giovanini, W. (2014) Compliance: excellence in practice. Total Compliance.

Kohn, R. (2015). Environment and sustainability: methodologies for management. LTC.

Lopes, A. C. S., De Morais, D. O. C., & Barbieri, J. C. (2016). Samarco case: using risk management and the principles of precaution and prevention in environmental disasters. Symposium on Production Management, Logistics and International Operations, 19, 1-13.

Melo Neto, J. J. (2022) CORPORATE GOVERNANCE IN THE NEW ENVIRONMENTAL ACCOUNTING MODEL ADEQUATE TO ESG in A nova contabilidade da sustentabilidade, Ed. Amplla.

Miranda, R. F. A. (2017). Implementing risk management in the public sector. Forum.

Olivato, D., & Junior, H. G. (2020). Evolution of social participation in Brazilian legislation on environmental risk management. Territorium, 1(27), 155-166. DOI: https://doi.org/10.14195/1647-7723_27-1_12

Philippi Jr, A., Freitas, V. P., & Silva, A. L. (2016). Environmental law and sustainability. Manole.

Ribeiro, M. S., & Martins, E. (1993). A informação como instrumento de contribuição da contabilidade para a compatibilização no desenvolvimento econômico e a preservação do meio ambiente. Caderno de Estudos, 9, 01-13. DOI: https://doi.org/10.1590/S1413-92511993000200005

Rossetti, J. P., & Andrade, A. (2022). Corporate Governance: Fundamentals, Development, and Trends. Atlas.

Sánchez, L. E. (2006, March 16). A desativação de empreendimentos industriais e a gestão do passivo ambiental [Power Point Slide]. http://arquivo.ambiente.sp.gov.br/cea/2011/12/LuisSanchez.pdf

Sousa, M. A. M., Moita Neto, J. M., & Silva, E. A. (2020). Market and Legislation: Vectors of Environmental Compliance. Environmental Management & Sustainability Journal, 9 (2), 710. DOI: https://doi.org/10.19177/rgsa.v9e22020710-734

Sperandio, L. A., Trindade, M., & Favero, H. L. (2005). An introduction to the discussion of environmental liabilities. Focus: Reflexão Contábil, 24(2), 05-18.

Vanzo, G. F. S. (2016). Accounting socioambiental. Editora Senac.

World Bank Group (2014). Corporate Governance of State-Owned Enterprises: a Toolkit. DC. https://openknowledge.worldbank.org/handle/10986/20390. Accessed on: 20 Jan. 2022. DOI: https://doi.org/10.1596/978-1-4648-0222-5

Downloads

Published

2023-01-30

How to Cite

Nascimento, M. C., & Fontgalland, I. L. (2023). MITIGATION OF ENVIRONMENTAL LIABILITIES IN BRAZILIAN COMPANIES: WHAT DOES THIS HAVE TO DO WITH COMPLIANCE?. Revista Contemporânea, 3(2), 855–899. https://doi.org/10.56083/RCV3N2-014

Issue

Section

Articles