RSW MT 01 - Ar Bus MGMT 2
RSW MT 01 - Ar Bus MGMT 2
REFERENCES:
NA (2022). International certification standards. Retrieved January 23, 2022 from
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-
guides/glossary/international-certification-standards
Poorna, A. (2023). Corporate Insurance. Retrieved January 23, 2022 from
https://cleartax.in/g/terms/corporate-insurance
NA (2022). What is Corporate Insurance and its Benefits?. Retrieved January 23, 2022
from https://www.tataaia.com/blogs/life-insurance/what-is-corporate-insurance-and-
its-benefits.html
NQA (2022). ISO 14001. Retrieved January 23, 2022 from https://www.nqa.com/en-
ph/certification/standards/iso-14001
EPA (2023). Learn About Environmental Management Systems. Retrieved January 23,
2022 from https://www.epa.gov/ems/learn-about-environmental-management-
systems
INTERNATIONAL CERTIFICATIONS
1. EMS
Basic EMS
Internal
Staff/manager time (represents the bulk of EMS resources expended by
most organizations)
Other employee time
External
The most commonly used framework for an EMS is the one developed by the
International Organization for Standardization (ISO) for the ISO 14001 standard.
Established in 1996, this framework is the official international standard for an
EMS which is based on the Plan-Do-Check-Act methodology. The five main
stages of an EMS, as defined by the ISO 14001 standard, are described below:
5. Review - Top management reviews the results of the evaluation to see if the
EMS is working. Management determines whether the original environmental
policy is consistent with the organization's values. The plan is then revised to
optimize the effectiveness of the EMS. The review stage creates a loop of
continuous improvement for a company.
ISO 14001 is the principal management system standard that specifies the
requirements for the formulation and maintenance of an EMS. This helps to
control your environmental aspects, reduce impacts and ensure legal
compliance. Studies show that as much as 70% of total office waste is
recyclable; however, only 7.5% reaches the recycling facility.
Nearly any business can benefit from achieving certification to ISO 14001
standards. The certification is broad enough to offer significant benefits to
organizations in any industry or sector, while still providing a specific framework
for implementing relevant sustainable practices.
2. QEMS
ISO 9001: 2015 & ISO 14001: 2015: Quality and Environmental Management
System (QEMS)
The benefits associated with the QEMS approach are numerous, such as lower
management costs, which are also smoother over time, and procedures that
are more streamlined and under better control. From an environmental
standpoint, we also note a decrease in the consumption of energy and raw
materials.
CORPORATE INSURANCE
Insurance companies can even seek legal help when it must disburse a claim
under corporate insurance. Some of the popular insurance types under
corporate insurance -Property Insurance, Professional Liability Insurance,
Worker’s Compensation Insurance, Group Health Insurance, Product Liability
Insurance, and Business interruption Insurance.
Benefits of Corporate Insurance
Added health cover: Your employees are the building blocks for your
business. They are the assets for any successful running business.
Corporate health insurance plans offer health insurance for your
employees and their families.
Protect your business from the 'Act of God': Natural disasters are
unpredictable and can cause a lot of damage to property. If the case
is so, you would need to repair the property to normal to conduct regular
business.
While the repairs are ongoing, you might need to have your business at
a standstill. Corporate insurance helps to replace lost income during
such times of repairs when your business is shut. It helps to clear rent, loan
payments, ongoing bills, payroll, etc.
Minimise your financial losses: Any business can fall into situations that
shatter what it has built for years. Corporate insurance can help
safeguard your business in many ways. All corporate insurance cover
policies help your business sail through the unexpected.