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A sustainable business, or a green business, is an enterprise which has (or aims to have) a minimal negative impact or potentially a positive effect on the global or local environment, community, society, or economy—a business that attempts to meet the triple bottom line.
Corporate environmental responsibility is used by multinational corporations as well as small, local organizations. It is highlighted and more institutionalized because of stakeholders' awareness of the huge impacts of business activities on the environment. To understand CER, its relations with CSR strategies need to be recognized.
Environmental risks created by business activities have actual or potential negative effects on air, land, water, ecosystems, and human health. The information on which an investor makes their decisions on a financial level is fairly simply gathered.
Small and medium-sized enterprises (SMEs) have been identified as a problem area in the field of environmental regulation. [1] [2] Small and medium-sized enterprises are defined by the European Commission as having fewer than 250 employees, independent (with no shareholder having over a 25% stake in the business) and with an annual turnover of no more than €50 million or annual balance sheet ...
The environmental benefit comes from the recycling accomplished. In the private sector, a commitment to corporate social responsibility (CSR) implies an obligation to public reporting about the business's substantial impact for the better of the environment and people. Triple bottom line is one framework for reporting this material impact.
The GRI Universal Standards apply to all organizations and cover core sustainability issues related to a company’s impact on the economy, society, and the environment. The GRI Sector Standards apply to specific sectors, particularly those with the highest environmental impact, such as fossil fuels. The GRI Topic Standards list disclosures ...
The Environmental Management Act, 2004, is the first comprehensive legal and institutional framework to guide environmental-management decisions. The policy tools that are parts of the act include the use of environmental-impact assessments, strategics environmental assessments, and taxation on pollution for specific industries and products.
Major human environmental impacts occur in the more habitable regions of the ocean fringes – the estuaries, coastline and bays. Eight point five of the world's population – about 600 million people – live in low-lying areas vulnerable to sea level rise.