April 30, 2013

KBAM: Environmental Management

What-Environmental management has a very important role in Asset Management. It is quite often related to Social Cooperate Responsibility. Why company invests time and financial resources in environmental management? One of the reasons is to create a environmentally sound image of the company, or it is to achieve sustainable growth by reducing cost of production. It is a win-win strategy for most of the company that cares about environmental management.

Why-Companies are run by people. And people are part of the nature and part of the big environment. I am very sure that a company can achieve very short term benefit but can not survive for a long time if it ignores the environmental factors. The cost of the ignorance could be huge. As Hutchinson and Hutchinson (1997) point out, being a environmental friendly has an opportunity to increase competitiveness. The idea of Environmental Management inspires and tells me to not forget the impact of environment, either positive or negative, a company can make.

How-Environmental management is certainly matter to an resturant. One of the key concern of most of the resturant in China is about reducing and recycling waste. Especially, if a resutrant is open in the resedential area, which is quite often the case in China, how to reduce the fog from cooking is important. In addition, I am thinking to design by myself or ask expert to design a water recycle system. I think the water for washing vegetables can be reused for flushing the toilets. There are many little things I can do to, and the most important thing is to share and increase the awareness of environment. Shorterism may be the main barriers and challenges.


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