MANAGING ENVIRONMENTAL ISSUES
In general, corporate environmental policies may serve one or more of the following objectives:
- Reducing costs through measures such as recycling or energy conservation.
- Reducing the possibility of accidents.
- Establishing a good corporate reputation.
- Mitigating employees’ discomfort by providing a better work environment.
- Maintaining a good relationship with the local community and regulatory authorities.
- Conforming to a code of ethics.
Reinhardt, an authority and prolific writer on environmental and corporate strategy, suggests five different approaches to managing environmental issues.17
- Investing in environment friendly processes or products: The additional costs are recovered from customers through clear differentiation ...
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