Environmental management systems are very important to an organization for various reasons. The EMS helps in the organization to comply with the legal requirements and also to improve the efficiency and quality of the organization’s product or service. We shall look at these benefits an organization enjoys after implementing an EMS.
A successful EMS can evaluate all the opportunities to save costs. EMS helps determine the environmental aspects and its significance, it also helps in complying those aspects to the legal requirements and hence avoids any fines, government intervention or bans on business. This greatly helps in cutting down costs, another important way it save costs is by implementing energy efficient plans and processes along with better waste management.
The customers in recent years have become more adhered to protecting and caring for the environment that an EMS is an important aspect for them to choose the brand and products. By adopting EMS and complying with the legal requirements, you sent out a message that your organization cares for the environment. This is appreciated by the customers and helps in boosting sales. Reputation of the organization is very important when it comes to customers, as they wouldn’t choose an organization with a tarnished reputation which could be a result of not complying with the legal requirements of an EMS.
This is one of the biggest benefits of an EMS system. The penalty and punishments for non adherence to the legal requirements of environmental aspects are becoming very severe. Getting caught up in unwanted law suits can tarnish the reputation of an organization as well as destroy it. An EMS system checks these requirements time to time and updates its processes to meet the legally set standards.
An eco friendly organization attracts more investors than a non eco friendly organization. These have more potential for sustainable development and better reputation in the market and among its customers. The main aim of an organization is always to grow and expand, which requires investments. Implementing an EMS helps the company to move along the path eco friendliness which helps in improving the portfolio of the organization for investors.
Poor environmental performance leads to higher risks and more chances of failure of a company. This risk is assessed by the insurance company which plays a key part in the decision of the insurance premium. A greener portfolio gives organizations better leverage in negotiating a lower premium for their insurance.