MGT 630 – How ISO 14001 and AA1000 Regulations Protect Stakeholders

The core aspects of the ISO 14001 and the ISO 14000 series of standards is the provision of being a tool to integrating sustainability since social and environmental performance can be part of customer requirements.The ISO 14001 Environment Management System (EMS) standard gives lots of focus to protect the stakeholders on the aspect of providing a systematic framework in which there is management of the immediate and the long-term environmental impacts of an organization’s services, processes and products(Hamilton &Tschopp, 2012). That is, ensuring provision of practical tools for the organizations and companies to effective manage their environmental responsibilities.

ISO 14001 further provides for supporting standards which ensure focus on the environmental systems to achieve such sustainability, that is society and economy. The standards emphasis on particular approaches such as labelling, communication, auditing and life cycle analysis, and even environmental challenges, for instance climate change. ISO 14001 is used across the various organizations irrespective of activity or sector. Therefore, ISO 14001 is designed to ensure that business remain commercially successful but critically undertaking their environmental responsibilities and impacts (Matisoff, Noonan &O’Brien, 2013). Moreover, it ensures that the different organizations and companies meet the increasingly high expectations of customers on corporate responsibility, and regulatory and legal requirements. The organizations find a great platform for embedding a practical environmental management plan from the provisions enshrined in the framework of ISO 14001. Thus, the businesses demonstrate compliance in order to expand the business opportunities, achieve legal obligations to win increased customer and stakeholders’ trust.

On the other hand, accountability’s AA1000 standards provides for principles-based to ensure that the organizations operate in a more responsible, accountable and sustainable manner. The standards are a great framework of addressing various issues which affect business models, business strategy, governance, and provision of operational guidance on sustainability assurance and stakeholder engagement.

AA1000 standards are formulated through a process of multi-stakeholder consultation and are designed to incorporate the aspects of low carbon and green economy, thereby ensuring support of integrated reporting and assurance. The standards equip the organizations with skills and knowledge relevant in understanding and implementing the accountability principles and even achieve effective stakeholders’ engagement (Ven, 2015).

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