Rapid Pesticides is a manufacturer of pesticides located at the bank of Norton River. The entity has developed the following analysis of its environmental costs and revenues for the financial year 2020.

 

Staff training costs to improve the waste management disposal

$    4 600

Scrap value of broken pesticides bottles and canisters

(9 543)

Cleaning of ventilation system

1 892

Fine for minor leakage of untreated waste into the Norton River

11 509

Inspection of waste effluent systems

13 444

Restoring land where waste was dumped in the 1990s

17 101

Study tour to the Kangaroo Valley to select new waste efficient equipment

3 769

Developing CO2 emission monitoring systems

13 197

Lost sales due to poor environmental reputation

2 987

Workers' compensation claims due to poor environmental practices

5 652

Obtaining ISO 14000 certification

  65908

Total

$130 516

 

Total cost for the plant were $1,429,330 per annum.



1.Classify each of the cost Identified above as Tier 1 to Tier 5.



2.Suggest 2 examples each of the environmental cost that could be classified as Tier 3 Tier 4 and Tier 5 that may have been overlooked



3.For each of the six costs identified in requirement 2, outline steps that the management of Rapid Pesticides could implement to reduce those costs

Answer rating: 100% (QA)

1 Classify each of the costs identified above as Tier 1 to Tier 5 The following table classifies the ... View the full answer