Cost benefit analysis of the recycling process with regard of the environmental protection and financial benefits for organizations

Author: Msc. Ivo Kuzmanov*

Abstract:
Organizations that have implemented the system for environmental protection according to international standard ISO 14001, on the one hand reduce the harmful impact on the environment or the same amount to within an acceptable, while other organizations are facing a real problem for the effective monitoring of impact on the environment. The purpose of this paper is to show how that can directly increase the efficiency of system implemented through a recycling process that greatly reduces the amount of drawback, but also brings financial benefits to organizations. Recycling process introduced by the beginning of the implemented system for environmental protection increases the efficiency of the same, reduces waste, increases profits and reduces the direct impact of the industrial system on the environment.

Keywords:environmental protection, ISO 14001, recycling, cost benefit analysis

DOI:

International Journal of Trade & Commerce (Vol: 1 Issue:2)