Cost Benefit Analysis of the Recycling Process with Regard to Environmental Protection and Financial Benefits for Organizations

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 thee nvironment or the same amount to within an acceptable limit, while other organizations arefacing 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 the systemimplemented 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 thee fficiency of the same, reduces waste, increases profits and reduces the direct impact ofthe industrial system on the environment.