CONTENTS:- 1. Introduction. 2. Review of Literature. 3. Methodology. 4. Analysis and Discussion. 5. Findings and Suggestions. 6. Conclusion.
Environmental Management Systems (EMS), such as ISO 14000, by requiring the adoption of standardized environmental management practices, documenting their actual use, and third party verification of fact, may significantly cause the public burden of monitoring and enforcement of prescribed emissions standards. On the other hand, their adoption may involve transaction costs, which for small and medium enterprises may be significant in relation to their total investment. While economic development of a country depends on industrial activity but it is essential that industrial activity does not cause a threat to the environment. Industrialization can endanger the public health, ecology and water resources, unless proper measures are taken to control degradation of environment from the industries. The basic concept is to manage all activities so as to eliminate or at least minimize the degradation of environment in which we live and work. Today's consumers are becoming more and more environmental conscious. It is imperative for organizations to lake it seriously to implement Environmental Management System which enables as organization to address environmental problems in a structured and systematic way and come out with mitigative measures to handle such environmental problems. ISO: 14001 standard is mainly designed to protect environment. It provides an overall framework for EMS integrating it with overall business policy. It places emphasis on prevention rather than corrective action. Through such tool, organizations can balance and integrate economic and environmental interest.