Question

Risk Management Insurance

“Introduction of genuine environmental policies may enable a business to attract more customer, investors and employees”. Discuss (3)

Answer 1

The genuine environmental policies, when adopted by the businesses, bring sustainability  and it is valued in high regard by the consumers, investors as well as existing and potential employees. Environmental concerns are one of the stakeholders, organization has to take care of. It brings benefits to the community, and people who are involved with the organization. Besides, it brings best of ethical practices to the organization. These initiatives, create sensitization among the consumers and investors as they stick to the organization.

Further, it also adds to the employer branding that can attract those talents who want to work with those businesses that apply environmental friendly policies. It makes the organization able to attract these talents. Besides, the existing employees also feel pride working for the organization that works in favor of the environment. It reduces the employee turnover rate. Therefore, it is said that the business, implementing genuine environmental policies, will be able to attract, investors, consumers and employees and create a brand of its own.