Caring for the environment has become a relevant issue in society, due to this hundreds of measures have been implemented to reduce temperature, pollution and damage to our ecosystems. However, there are still some that do not respect the agreements and in addition to failing, have caused greater damage. One of the worst environmental catastrophes in history was what happened in 2010 when the Deepwater Horizon platform of the oil and gas company BP, formerly British Petroleum, caught fire. An event that led to the spill of 4.9 million barrels of crude oil in the Gulf of Mexico and caused the death of 10 workers. After this fire, the company received fines that amounted to more than 65 billion dollars and a 3% drop in its shares on the London Stock Exchange, two days after the event.

How is the collection of environmental damages reflected in companies?

A more recent case is that of Grupo México , a company that spilled 3 thousand liters of sulfuric acid into the Sea of ​​Cortez. This oversight has led to the temporary closure of the facilities where the spill occurred, since it did not present the documentation for the environmental impact authorization. After this incident, SEMARNAT is investigating Russia Phone Number List other environmental accidents attributed to Grupo México, which it claims now total more than 22. The spill had other consequences, it suffered the punishment of investors since its shares fell 15% in eight days, a figure that represents a loss of 63 thousand 136 million pesos in market capitalization. “The market in the end rewards or punishes practices that benefit the environment,” explained Roberto Ballinez, senior executive director of Public Finance and Infrastructure of the rating agency HR Ratings to the Economista.

Coca-Cola, we want to see this in Mexico!

How is the collection of environmental damages reflecte in companies? Roberto Ballinez says that depending on the magnitude of the damage and the way the company handles the event. The reaction in the market  reflected.If the impact is minimize or overstated with statements by environmental authorities. It Taiwan Phone Number List will have an impact on the market reaction. A 2015 study from the University of Adelaide in Australia says that shareholders on average suffer a loss of approximately  in the two days following the environmental disaster for which they were responsible. It happens in the first days because they are the ones in which the disaster is present, and everyone can visualize the seriousness of the matter. However, investors may recognize the severity of the accident a little later.