EVALUATION OF INFLUENCE OF FUNCTIONING OF THE ENVIRONMENTAL MANAGEMENT SYSTEM ON THE ECONOMIC EFFICIENCY OF THE COMPANY’S ACTIVITY
The article is devoted to the assessment of the impact of environmental management systems (EMS) certified in accordance with ISO 14001 standards on the economic efficiency of the company. Research of methods and ways of carrying out the ecological and economic analysis is carried out. It was noted that most of the methods used were not enshrined in legal instruments and could be used in the form of recommendations or guidelines. The article substantiates the use of a technique that allows to evaluate the economic efficiency of the implementation of environmental management systems of the oil company PJSC Rosneft Oil Company, taking into account the image component. The interrelation between the current expenses of environmental destination and the company’s revenue indicator in the period from 2011 to 2017 is revealed. This confirms the hypothesis that the implementation of environmental management in the company affects the image component. The use of correlation and regression analysis made it possible to determine the influence coefficient of the image component on the company’s revenue. In addition, the method used to assess the economic efficiency of the company when implementing EMS was modified: an additional indicator was introduced - the market capitalization ratio. It was established that the economic effects of the implementation of the EMS, taking into account the current costs of the operation of the EMS and the capitalization ratio, were higher than the values of effects calculated taking into account only one component. It is shown that companies in the oil and gas sector that implement EMS should expect to increase the efficiency of economic activity by improving the image component.