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5 Cards in this Set
- Front
- Back
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Benefits of environmental management |
1. Cost reduction 2. Lower cost of capital/insurance 3. Attract better employees/retain staff 4. Competitive advantage 5. Improved reputation/image |
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Requirements of successful environmental management system |
1. Have clear/achievable annual environmental targets 2. Link to reward/compensation 3. Top management commitment |
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What are the 4 types of environmental indicators/measures? |
1. Input 2. Output 3. Implementation/progress 4. Conformance |
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Benefits of environmental cost report |
1. Evaluates effectiveness of current measures/investments 2. Provides information for decision-making regarding investments 3. Education 4. External reporting -signalling |
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Risk of environmental cost reporting |
1. Too much focus on costs not enough on benefits of environ-related improvement initiatives - produce Environ Financial Report 2. Doesn't consider LC environmental costing 3. Ignores unquantifiable costs |
