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