MTI Consulting has cautioned governments and enterprises worldwide on the disastrous consequences of an impending 'Eco-credit' crisis in which the world's fast growing population is using up resources at an unprecedented level, a significant part of which is not being renewed and is causing irreparable damage to the environment.
According to research conducted by MTI and the findings which were presented at the Global Environmental Strategy Conference recently, MTI has found that unlike with the financial crisis, no government will be able to bail out enterprises from the Eco-Credit crisis. MTI suggests that governments should be actively involved in driving regulation, developing necessary reports as well as offering reward and recognition to those who deserve it.
At an enterprise level, it is recommended that organizations implement an environmental audit to understand their value addition and ensure optimum rather than excessive resource usage. Alternatively at the enterprise level, MTI said conglomerates or small and medium enterprises (SME's) must increase performance across their value chain. MTI has developed a Holistic Environmental Audit through which overall utilization is optimized.
According to MTI, the intent of the study was to research and develop a framework to integrate the environment strategy to business strategy. The Optimal Environment Impact Model, with a holistic and strategic focus, is intent on reaching the optimum levels between consumer value, environmental impact, bottom-line value and resource utilization. MTI said the current approach adopted by corporate enterprises requires a radical change that can only come through a combination of rewards and penalties targeted at both enterprises and consumers. Currently, environmental strategy is misconceived by enterprises as a discretionary philanthropic activity, another tax to be borne or as an idea driven initiative. |
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