Environmental auditing is carried out when a development is already in place, and is used to check on existing practices, assessing the environmental effects of current activities (ex post). Environmental auditing therefore provides a ‘snap-shot’ of looking at what is happening at that point in time in an organisation.
What are the benefits of environmental audit?
The benefits of the audit include:
Reducing environmental impacts. Reducing waste, water and energy costs (annual savings are typically greater than our fee for the audit) Improving relations with stakeholders. Providing the foundation for an environmental management system (EMS) such as ISO 14001 at a later date.
What are the different reasons to undertake environmental audit?
The major benefits of conducting such an audit include ensuring compliance with environmental laws, mitigating the company’s legal and reputation risks, reducing operational inefficiencies, and improving the environmental performance of the company.
What is the purpose of environmental reporting?
The purpose of environmental reporting is to provide a significant tool for environmental communication and to fulfill organizations’ accountability in regards to the environmental burden. Therefore, there are certain common items or contents that should be included in environmental reporting.
What is the concept of environmental audit?
Environmental auditing is a systematic, documented, periodic and objective process in assessing an organization’s activities and services in relation to: Assessing compliance with relevant statutory and internal requirements. Facilitating management control of environmental practices.
What are the components of environmental auditing?
Environmental Audit process
Gunjan Gupta in her research explained that the basic components of an environmental audit are: pre-audit, financial, regulatory and compliance, and performance audits.
What is environmental reporting in accounting?
Environmental financial accounting is used to provide information needed by external stakeholders on a company’s financial performance. This type of accounting allows companies to prepare financial reports for investors, lenders and other interested parties.
Why is it important to manage and report environmental performance?
Set environmental performance targets
Cost savings and improved productivity – areas of your business such as raw material use, waste production and energy use can all be looked at closely to identify savings. Higher sales – reporting environmental performance can have a positive impact on sales.