Financial institutions, banks, insurance and fund managementcompanies are starting to use environmental audits as management tools.As more attention is given to the environment, fund managers will becomeanxious to monitor the environmental performance of the companies inwhich they invest. One effective tool in monitoring environmentalperformance is the environmental audit. They not only highlight theenvironmental risks but also indicate business opportunities. In orderto monitor the investments on the Commercial Union Environmental ExemptPension Fund, the Outline System for Good EnvironmentalManagement and the Environmental Management CheckList has been developed. The latter is intended to focus theattention of analysts and fund managers on key aspects of goodenvironmental management.
Managerial Auditing Journal – Emerald Publishing
Published: May 1, 1991