ABSTRACT
The term 'environmental management' usually relates to a systematic approach, the purpose of which is to integrate environmental issues into an organisation's day-to-day operations. Environmental strategy is an organisation's comprehensive approach to environmental issues. Elements of an opportunity-seeking strategy were discovered in all the reports: all institutions were improving their energy and resource efficiency, which will eventually lead to cost reductions, and the majority had developed environmental products. An environmental management system is defined in the ISO 14001 environmental management standard as 'the part of the overall management system that includes organisational structure, planning activities, responsibilities, practices, procedures, processes and resources for developing, implementing, achieving, reviewing and maintaining the environmental policy'. A primary concern related to product ecology in banks and insurance companies is usually risk management. United Nations Environment Programme has listed various types of environment-related risk that lenders may face. Financial organisations may also develop completely new environment-related products and services.
