ISO 14001 Environmental Management System
ISO 14001 was developed primarily to assist companies with a framework for better management control, which can result in reducing their environmental impacts. In addition to improvements in performance, organizations can reap a number of economic benefits, including higher conformance with legislative and regulatory requirements by adopting the ISO standard. By minimizing the risk of regulatory and environmental liability fines and improving an organization’s efficiency, benefits can include a reduction in waste, consumption of resources, and operating costs.
There has been a push by consumers in the last decade for companies to adopt better internal controls, making the incorporation of ISO 14001 a smart approach for the long-term viability of businesses. This can provide them with a competitive advantage against companies that do not adopt the standard. This, in turn, can have a positive impact on a company’s asset value. It can lead to improved public perceptions of the business, placing them in a better position to operate in the international marketplace. The use of ISO 14001 can demonstrate an innovative and forward-thinking approach to customers and prospective employees. It can increase a business’s access to new customers and business partners. In some markets, it can potentially reduce public liability insurance costs. It can also serve to reduce trade barriers between registered businesses. There is a growing interest in including certification to ISO 14001 in tenders for public-private partnerships for infrastructure renewal. Evidence of value in terms of environmental quality and benefit to the taxpayer has been shown in highway projects in Canada.
- Establishing and implementing strong practices for the effective management of your company’s environmental issues.
- Ensuring a system necessary for the evaluation of compliance to applicable regulatory, industry and interested party requirements.