Increasingly complex, complicated and demanding environmental regulations
continually create higher and higher level of legal risk for businesses and society
as a whole. It also puts on the companies the burden of additional costs that have
to be included into the price of their goods and services. The legal protection of
environment is complicated not only from the standpoint of legislation but also in
terms of its implementation and compliance. The system of environmental protection
must be the pillar that supports the development of sustainable nature, economy and
society. To achieve that goal the system needs to be based on the “polluter pays”
principle and it needs to include efficient cooperation between different stakeholders,
amongst which companies have an important place. In addition to being an active
partner in environmental protection, companies are at the same time the market
participants so they must think about relevant costs. They must include into their
decision making process all environmental regulations and all relevant financial and
fiscal instruments
