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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.

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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.

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