Advantages of Implementation of Environmental Policies by Companies

 

Using the Environmental Management System Framework to Approach Data  Management

Advantages of Implementation of Environmental Management Policies by Companies are as follows:

Legal compliance

There are many environmental acts and regulations that all businesses must be aware of and be able to demonstrate compliance.  Really focusing on environmental management will force you to assess your current arrangements against legal requirements.  The first step will be to identify all applicable legislation and determine what the requirements specifically are.  You should then assess whether you are compliant with those requirements and, if you aren’t, develop a strategy for becoming compliant.  This exercise will give you peace of mind and you will be able to demonstrate legal compliance if you are ever required to e.g. by regulatory bodies or customers.

 

Competitive edge

If you are involved in tendering processes, there are often environmental management questions that you will be required to answer.  If you have a focus on environmental management, these questions will be easier to answer, and you can demonstrate you are an environmentally responsible company.  Many customers (through tendering or otherwise), take environmental management into consideration when selecting a supplier.  If you can demonstrate good environmental management and improving performance, you could have an edge over your competitors.

 

Cost savings

Improving environmental performance can often have a lead to cost savings, and sometimes this is the main driver, or can support a business plan to promote environmental improvements.  Areas of focus often include utility use (gas, electricity and water), waste and transport.  There are obviously a lot of areas where improvements will see cost savings and improved environmental performance could also reduce the likelihood of fines and prosecutions.

 

Protect the environment

Legally, all businesses have to take measures to prevent pollution from their activities, but morally, it is also great to take actions to protect or even improve the environment.  Environmental issues are in the public eye and if anything goes wrong, environmental pollution can garner press attention.  On the opposite side, improvements to the environment (e.g. tree planting, cleaning up contaminated land or encouraging biodiversity) can be used as positive PR and improve reputation.

 

Staff morale

An environmentally responsible company is often seen as a good company to work for.  These actions will give staff confidence that the company is doing the right thing and can improve staff retention.  Additionally, it could attract talent to your company and support recruitment.

 

Taking a focus on environmental management has many benefits.  Depending on where you are in your environmental journey, you can look at achieving and supporting legal compliance and improving your current performance.  This could reduce the chances of fines or prosecution, lead to cost savings, improved reputation and attract more customers.

 

Other benefits are:

  1. Effective use of resources

Organizations have developed and executed several policies to manage resources, minimize waste and reduce costs.

 

  1. Improve sustainability

Effective environmental management policies encourage business entities to improve sustainability so that they can gain a competitive edge and give the business a good chance for long-term success

  1. Helps in staying out of trouble

An organization that implements environmental management policies stays ahead of regulations imposed by environmental affairs division. He does not have to pay any penalty for violating the balance of nature or adopting unethical practices.

  1. Pollution control

Environmental management practice has encouraged numerous business entities to take steps for pollution control

  1. Improved public image

An organization with environmental management procedures in place works towards preventing pollution, minimizing environmental risks and preserving natural resources. This will enhance the trust of its customers, attract new clients, boost employee morale and help the firm in entering new markets.

  1. Economic progress

The environmental management theory encourages business entities to participate in social welfare programs to enable economic progress of a nation

7.   Finance

Because of their environmental management policies and procedures companies are able to impress investors. It has now become easier to get the necessary finance.

8.     Improved management efficiency

An integrated environmental management policy will improve the overall management system of a firm. Documenting routine operations and compliance plans will help in capturing the attention of other employees and streamlining operations. This will help to decrease waste and environmental risk.

9 .Better compliance

Implementing an environmental management process ensures that an organization is fulfilling its responsibility towards a safe environment.

10. Marketing

Business entities are projecting themselves as companies that are eco-friendly. They are highlighting their commitment to improved environmental policies via impactful advertising and this has helped them in creating a strong customer base.

11. Sales opportunities

People are becoming eco-friendly and want to be associated with like-minded companies. The organization which promotes its products and services as eco-friendly has increased sales opportunities.

12.   Empowered employees

Employees can relate to environmental management program and understand its impact on the society as a whole. This encourages employee empowerment as they believe it is their contribution that is making a difference in the world.

13.  Certification of recognized standards

When a company strives to obtain a certification to recognized standards it is gaining business credibility with stakeholders and customers alike.