ISO 14001 in relation to International Financial Institution

This topic is included in clauses 4.2, 5.2 and 6.

Clause 4.2 b) is about the relevant needs and expectations of the relevant interested parties.

Clause 5.2 d) is about the commitment to comply with compliance obligations

Clause 6.1.3 is about determining the organizations’ compliance obligations related with its environmental aspects

Through clause 4.2 your organization determines relevant parties and their relevant requirements. Let us consider just two relevant interested parties

Both Government and the International Financial Institution have requirements that we can call compliance obligations. Government has legislation and the International Financial Institution has a signed contract.

Let us consider four alternative scenarios about requirements from both interested parties:

In scenario 1 – contract requirements are included in legislation – your organization must comply with legislation and in doing so complies with the contract requirements

In scenario 2 – contract requirements are more demanding than legislation – your organization must comply with contract requirements and in doing so complies with the legislation.

In scenario 3 – there are some contract requirements not included or more demanding than legislation - your organization must comply with legislation and with the extra requirements from the contract.

In scenario 4 – contract requirements are much more demanding than legislation but there are some requirements in legislation not included in the contract - your organization must comply with contract requirements and with the extra requirements from legislation.

You can find more information about ISO 14001:2015 below:

• Understanding the needs & expectations of interested parties in ISO 14001 - https://advisera.com/14001academy/blog/2017/04/03/understanding-the-needs-expectations-of-interested-parties-in-iso-14001/
• Compliance requirements according to ISO 14001:2015 – What has changed? - https://advisera.com/14001academy/blog/2015/09/14/compliance-requirements-according-to-iso-140012015-what-has-changed/
• Enroll for free in this course – ISO 14001:2015 Foundations Course - https://advisera.com/training/iso-14001-internal-auditor-course/ 
• Book – The ISO 14001:2015 Companion - https://advisera.com/books/the-iso-14001-2015-companion/