A Brief Discussion on the Host Country’s Legal Regulation of the Environmental Behavior of Multinational Corporations --Taking China as an Example

DOI

10.2991/assehr.k.210519.098How to use a DOI?

Keywords

multinational corporation, environmental behavior, host country, legal regulation

Abstract

In many host countries, the industrial production of multinational companies has seriously damaged the environment. However, many of the host countries cannot effectively regulate the environmental behavior of multinational companies. This paper uses literature research and comparative research, taking China as an example, to study the host country’s regulation of the environmental behavior of multinational companies. China is an important destination for foreign investment in the world, and the problems exposed in China’s regulations on multinational companies are universal to many host countries. International regulations about the environmental behavior of multinational companies are not compulsory and international non-governmental organizations that can provide China with regulatory and professional support often face financial difficulties. On top of that, China’s domestic environmental legal system is imperfect. China mainly relies on public authorities to regulate the environmental behavior of multinational companies while social organizations lack legal protection in regulating multinational companies. In addition, whether multinational companies would avoid harm to China’s environment depends only on their self-consciousness. In order to solve these problems, at the level of legal regulation, the international society can designate a negative list for multinational companies with bad environmental behavior. Additionally, host counties like China should establish a complete environmental monitoring legal system. At the level of regulatory bodies, international non-governmental organizations should carry out environmental protection activities within the framework of the United Nations and the international public welfare organizations’ litigation and relief capabilities should be strengthened. Host countries like China can also promote the signing of trade and investment agreements with the home countries of multinational companies, making home countries assume part of the obligation to regulate multinational companies. In addition, host countries should also increase public supervision of multinational companies to strengthen their self-discipline.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jingruo Guan
AU  - Xinpeng Liu
PY  - 2021
DA  - 2021/05/20
TI  - A Brief Discussion on the Host Country’s Legal Regulation of the Environmental Behavior of Multinational Corporations --Taking China as an Example
BT  - Proceedings of the 7th International Conference on Humanities and Social Science Research (ICHSSR 2021)
PB  - Atlantis Press
SP  - 490
EP  - 496
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210519.098
DO  - 10.2991/assehr.k.210519.098
ID  - Guan2021
ER  -