What are the Challenges in Implementing CSR in Nanotechnology?
Implementing CSR in nanotechnology presents several challenges:
1. Uncertainty and Knowledge Gaps: The novel nature of nanotechnology means that there are still many unknowns regarding its potential risks and benefits. This uncertainty can make it difficult to develop comprehensive CSR strategies.
2. Regulatory Frameworks: Existing regulatory frameworks may not adequately address the unique properties and risks of nanomaterials. Companies must navigate complex and evolving regulations to ensure compliance.
3. Economic Pressures: Balancing profit motives with CSR commitments can be challenging, especially for smaller companies with limited resources. Investing in responsible practices may require significant financial and operational efforts.
