ISO 14001 is a management system standard of the ISO 14000 family which lays emphasis on the Environmental Management System (EMS) of an organization. It highlights the requirement of a better environmental management system for all kinds of Organisations.
Broadly, ISO 14001 certification is one of the key requirements to assure environmental efficiency. Generally, the Environmental Management System (EMS) standard is applicable to all kinds and scales of businesses organisations. Basically, the sectors where this Certification is applicable includes-
# Corporate sector
# Manufacturing sector
# Services sector
# Trading industry
The ISO 14001 Certification is a very significant standard that helps in the growth of market reput by concentrating on the extremely important aspect of Environmental Management. It not only boosts the reputation of the organization but also sets an example of corporate social responsibility. ISO 14001 Certification assures a number of benefits for an organization, some of which are as below-
#1. Improving credibilityIt is an evident advantage that ISO 14001 certification increases the overall image of the organisation in the market. Moreover, with the global rise of awareness towards environmental degradation, ISO environmental standard is now considered as a formal obligation for leading organizations.
#2. Cost-effective With an ISO environmental management standard, one can easily check and eliminate environmental risks that usually cost company heavily by the way of penalties, costs, reparations, and sanctions.
#3. Higher growth As to make reforms in a business, there's a need for proper functioning of the structure which addresses the environmental issues. ISO 14001 is a must, just as a healthy business is run on a healthy environment.
#4. Reduces Employee Turnover As a matter of fact, the new ISO 14001 standard focuses on more employee engagement. When the employee would directly engage themselves in a company's environmental management, it will help in reduction of the Employee Turnover.
#5. Tax beneflts Very importantly, the government of India provides various tax benefits to the companies that adopt eco-friendly practices. For instance, there's minimum taxation on eco-friendly devices and other products.