Ch 10

Major requirements of an EMS (Environmental Management System)

-Show commitments to prevention of pollution, continual improvement in overall environmental performance, and compliance with all applicable statutory and regulatory requirements -Identify all aspects of the organization's activities, products, and services that could have a significant impact on the environment, including those that are not regulated -Set performance objectives and targets for the management system that link back to three policies: (1) prevention of pollution, (2) continual improvement, and (3) compliance -Meet environmental objectives that include training employees, establishing work instructions and practices, and establishing the actual metrics by which the objectives and targets will be measured -Conduct an audit operation of the EMS -Take corrective actions when deviations from the EMS occur

Examples of Environmental Strategies

-developing or acquiring green businesses -divesting or altering environment-damaging businesses -striving to become a low-cost producer through waste minimization and energy conservation -pursuing a differentiation strategy through green-product features

ISO 14001

ISO 14001 is a set of standards adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner

ISO 14000

The ISO 14000 family of standards concerns the extent to which a firm minimizes harmful effects on the environment caused by its activities and continually monitors and improves its own environmental performance.

FIRMS should engage in social activites that have economic benefits.

True

Uniform Standards

Uniform standards defining environmentally responsible company actions are rapidly being incorporated into our legal landscape

Social Responsibility

actions an organization takes beyond what is legally required to protect or enhance the well-being of living things

Social Policy

concerns what responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups

Bribery:

offering, giving, receiving, or solicitating of any item of value to influence the actions of an official or other person in discharge of a public or legal duty. Is a CRIME in most countries including US

Milton Friedman:

organizations have no obligation to do any more for society that was is legal required.

Ralph nadar:

organizations have social obligations

whistle blowing:

policies that require employees to report any unethical violations they discover or see in a firm.

Business Ethics

principles of conduct within organizations that guide decision-making and behavior

Sustainability

the extent that an organization's operations and actions protect, mend, and preserve rather than harm or destroy the natural environment

Proactive Policy

views environmental pressures as opportunities and includes such actions as developing green products and packages, conserving energy, reducing waste, recycling, and creating a corporate culture that is environmentally sensitive.