Business Administration Essay

16690 WordsOct 22, 201267 Pages
Creating an Environmental Management System (EMS) Chapter 1: Introduction Provided by the International Finance Corporation This manual is a step-by-step guide designed to help enterprises implement Environment Management Systems (EMSs) and comply with IFC's environmental policies. The manual's primary goal is to help businesses use environmental reviews to identify cost-saving measures. It is also intended to be a resource for companies to ensure positive environmental impacts while benefiting their own organization. Defining an EMS An Environment Management System, or EMS, is a comprehensive approach to managing environmental issues, integrating environment-oriented thinking into every aspect of business management. An EMS ensures environmental considerations are a priority, along with other concerns such as costs, product quality, investments, PR productivity and strategic planning. An EMS generally makes a positive impact on a company's bottom line. It increases efficiency and focuses on customer needs and marketplace conditions, improving both the company's financial and environmental performance. By using an EMS to convert environmental problems into commercial opportunities, companies usually become more competitive. Business Benefits of an EMS An EMS is an important component of a company's strategy for marketplace success. Environmental issues and sustainable development are capturing the world's attention more than ever, and industry is often seen as a major source of environmental problems. An EMS addresses such concerns and leads to significant environmental improvements. In addition, an EMS can improve product quality, competitiveness, and production processes; reduce expenses, liabilities, insurance premiums and waste management costs; and enhance market responsiveness. An EMS also creates a more attractive company from an employment and investment

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