Abstract
The value of environmental regulation through command and control measures has been questioned because of inflexibility and high cost. Voluntary environmental initiatives have been proposed as an alternative approach to save costs, overcome problems of inadequate enforcement and monitoring and to take advantage of the environmental leadership of transnational corporations (TNCs). Amongst voluntary environmental initiatives certified environmental management system standards have so far had most impact in Singapore and the rest of Southeast Asia. This paper investigates the environmental policy statements of 52 ISO14001 certified organisations in Singapore and shows that the environmental commitments being made are no substitute for traditional environmental regulations.
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