Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of environmental management

Definition of

environmental management

General Management

control of organization’s impact on environment a systematic approach to minimizing the damage created by an organization to the environment in which it operates. Environmental management has become an issue in organizations because consumers now expect them to be environmentally aware, if not environmentally friendly. Senior managers and directors are increasingly being held liable for their organizations' environmental performance, and the onus is on them to adopt a corporate strategy that balances economic growth with environmental protection. Environmental management involves reducing pollution, waste, and the consumption of natural resources by implementing an environmental action plan. This plan brings together the key elements of environmental management, including an organization's environmental policy statement, an environmental audit, environmental management system, and external standards.

Recommended Further Reading (Term count)
environmental management - Related Articles
  • Full-Spectrum Accounting—Unlocking Strategic Value through Deeper Environmental, Social, and Governance (ESG) Practices

    Best Practice

    This component concerns energy use, water consumption, waste management, and emissions management, as captured in formalized environmental management systems and standards such as ISO 14001.
    By Henning Dräger

  • Money Managers

    Best Practice

    Money managers (also known as fund managers or investment managers) manage money on behalf of other people. In most Western countries more than half the population will, directly or indirectly, have a money manager working for them. The managers find suitable investments, and are usually given
    By David Pitt-Watson

  • Reputation and Strategic Issue Management

    Best Practice

    Central to building and defending a sound organizational reputation is the capability to be proactive and to recognize and evaluate potential and ongoing risks (issues). Legitimacy and transparency are at the heart of issue management, and whether the messages developed and delivered through corporate
    By John Dalton

More

Definitions of ’environmental management’ and meaning of ’environmental management’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’environmental management’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top