Business – 6.1 External influences – Environmental | e-Consult
6.1 External influences – Environmental (1 questions)
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An environmental audit provides a systematic review of a company’s environmental performance. The benefits are:
- Identification of non‑compliance: Highlights breaches of legislation, reducing legal risk for the business.
- Cost savings: Detects inefficient resource use (e.g., energy, water) allowing the firm to cut operating costs, which improves profitability for shareholders.
- Reputation management: Demonstrates commitment to sustainability, enhancing brand image for customers and investors.
- Stakeholder confidence: Provides transparent data that employees, suppliers and local communities can trust, fostering stronger relationships.
- Strategic planning: Supplies baseline data for setting measurable environmental targets and monitoring progress over time.