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The correlation between environmental governance and financial performance is highest in sectors where environmental impacts are greater – agriculture & land management, construction, natural resource extraction, water management, utilities, etc. In addition, increasing regulation concerning the duties of directors and the levels of engagement between senior management and environmental management processes such as ISO 14001 require organisations to demonstrate accountability and consideration of environmental issues.
Environmental governance has become increasingly linked to traditional Board governance responsibilities as environmental risks and customer views continue to converge around corporate environmental impacts. It helps boards consider a set of corporate processes, customs, policies, laws, and institutions that executives operate within and influence the way they manage the business, and the degree of decision-making involved in the control and management of the environment and natural resources.
Why is the course important, larger organisations with global supply chains are increasingly evaluating the environmental performance of their business partners and suppliers for marketing and ethical reasons, as many consumers seek to engage only with organisations with a proven environmental approach or with ethically sourced or sustainable products. In the UK, moves within Government towards a Draft Environment (Principles and Governance) Bill 2018 and a proposed 25-year Environment Plan identify trends that could have significant implications for business leaders, as government policy sets out a new environmental agenda.
This 1-day introductory course for business owners, directors and senior managers outlines the key principles of environmental governance as they apply to businesses and not for profit organisations. Specific areas of knowledge will include the relationships between environmental governance and organisational values, policy, Boardroom and executive oversight responsibilities, process management and performance. Business environmental issues will evaluate emissions, biodiversity, historical and product liabilities, materiality and material waste/recycling, energy use/supply and many others.