Environmental Cost Management : Environmental Costs Essay

1645 Words Aug 6th, 2015 null Page
ENVIRONMENTAL COST MANAGEMENT
Throughout the years, organizations have become increasingly aware of the environment and the impact environmental costs have on their specific organizations. This phenomenon which came to the forefront in 1970 according to the Environmental Protection Agency (EPA) predicted the costs of environmental protection for firms in the United States would increase even more in the future (EPA, 1991). Fast-forwarding, this movement has been a benchmark in identifying and building sustainable businesses. In doing so, these sustainable businesses who abide by such cost are predicted to be more sustainable in their efforts to comply with federal and state regulations. No more are the days of just getting by with that façade of being humanly friendly but those organizations whom are truly concerned with the environment are said to be a cut above the rest. Thus understanding environmental and quality costs are imperative for organizations and managers.
Not merely the financial costs weigh can way on an organization, but how the organization is viewed by society if their business does not comply with environmental regulations and costs of quality. Accordingly, improving quality and considering environmental factors raises the chances for success in the organization. In fact, organizations now see these costs as a competitive issue and one that lowers costs over time while improving environmental concerns. The environmental management literature suggests…

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