¶ … Environmental Risk Assessment
Over the last several years, a wide variety of businesses have been focusing on the impact that they are having on the environment. Part of the reason for this, is because many firms are realizing that the footprint they are leaving can have an effect on the ecological balance for a particular region. A good example of this can be seen with Wal Mart. In this case, the various changes in the way they package different products could save: 3,800 trees, 1,000 barrels of oil and result in reduced costs for the company. (Kee, 2010, pp. 110 -- 118) This is significant because, it is illustrating how this approach is highlighting the way an environmental compliance risk assessment program can: save corporations money and reduce their effects on the ecosystem. To fully understand the full impact of this requires conducting a risk assessment involving a specialty apparel retailer. Once this occurs, it will offer specific insights about how firms can dramatically reduce their environmental footprint.
The Environmental Assessment
The procedure that most specialty apparel retailers will use to evaluate the possible environmental risks is through: increased levels of vigilance. This is when a company will monitor the practices of their suppliers and they will corroborate what they are told by particular firm. This is designed to provide them with an effective strategy for seeing the impact of their actions on the environment and the community. (Seong, 2010, pp. 490 -- 509)
Next, a company will have program of social...
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