The issues surrounding environmental protection have become increasingly important in recent years as the implications of under-regulated economic activity are seen today. This has become more significant with globalization as the impact of an organization's actions may be felt outside of its native country and may incur unquantifiable financial penalties.
Other environmental factors are those that relate to the weather, climate, and geographical location. For example,
As with the other PESTLE factors you would look at how the potential changes to weather patterns and climate cycles could have implications for your organization's operations. These ecological and environmental aspects can have consequences that are felt both on an economic and a social level.
An increasingly important consideration facing organizations is one of packaging and waste disposal and its environmental consequences. Throughout Europe all electrical equipment retailers are required by law to pay a government levy based on their sales volume. The funds generated in this way go towards minimizing the cost and environmental impact of obsolete products.
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You may also be interested in: Introduction to PESTLE Analysis, PESTLE Factors, Political Factors, Economic Factors, Social Factors, Technological Factors, Legal Factors, Environmental Factors and Advantages and Disadvantages.