CA-IPCC,  ETHICS

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.

World is full of questions and we are trying to solve a few of them.

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