Environmental Obligations - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RChhcQCDBa1uy1Bh7EJHlwO

Label Environmental Obligations

Preferred Label N/A

Identifier N/A

Alternative Labels

Environmental Liability

Definition

Environmental Obligations, also known as Environmental Liabilities, refer to a company's legal responsibilities for the remediation or restoration of environmental damage, often due to its operations or business practices. These obligations are recorded as liabilities on the company's balance sheet and can include costs for cleanup, legal penalties, and ongoing monitoring, which may be significant and long-term.

Class Relationships

Sub Class Of

• Contingent Financial Obligations

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

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Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available