A good environmental practice improves corporate performance.

Q1. ‘A good environmental practice improves corporate performance’. Explain?

Ans.

Meaning:Environmental consideration have become part of corporate strategy, which means incorporating environmental issues in process of developing a product, in new investment and in organizational set up. A good environmental practice improves corporate performance.

Example: In many industries it has found that environmentally practices have resulted in saving.

Role: Thus environmental consideration plays important role in corporate strategy.

Conclusion:  Markets of new millennium will be able to create wealth if they respond to challenges of sustainable development, as unsustainable products will become obsolete.

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