ENVIRONMENTAL MANAGEMENT AND AUDIT: HISTORY OF DEVELOPMENT AND GENESIS

Abstract

The review article presents the prerequisites for environmental management and auditing establishment and development as significant tools for regulating the impact of economic activity on the natural environment and as an integral component of the modern practice of sustainable business development. The key points of environmental management and audit development are indicated. They are the following: the adoption of new legislative acts regarding the regulation of the impact of economic activity on the environment, the creation of the first environmental funds, the introduction of environmental standardization and certification, the improvement of environmental management and audit systems in the context of the adoption of the Sustainable Development Goals and the intensification of the transition enterprises to “green business”. The article mentions the prominent scientists whose influence has been noted on the development of environmental management and audit during the entire cycle of their development. The article provides and describes the advantages of using environmental management and audit systems as modern tools of environmental regulation of the economic activity of enterprises, the advantages of the transition of enterprises and institutions to “green business” and the introduction of internal systems of environmental regulation to increase the competitiveness of a business object on the modern economic market.