Final answer:
EMAS, developed by the European Commission, is the tool for companies to assess and improve their environmental performance. It is a voluntary initiative offering structure for reporting and enhancing environmental practices, different from the ISO 14001 standard and FSC Certification.
Step-by-step explanation:
The environmental initiative developed by the European Commission that allows companies to evaluate, report, and improve their environmental performance is known as EMAS (Eco-Management and Audit Scheme). This voluntary management tool is designed for companies and other organizations to evaluate, report, and improve their environmental performance, with an emphasis on continuous improvement. It is distinct from ISO 14001, which is an international standard for environmental management systems, and from FSC Certification, which stands for Forest Stewardship Council certification and pertains to responsible forest management.
Other options mentioned, such as the Montreal Protocol and the Kyoto Protocol, relate to international environmental agreements rather than company-specific environmental management systems. The Montreal Protocol deals with substances that deplete the ozone layer, whereas the Kyoto Protocol sets binding targets for industrialized countries to reduce greenhouse gas emissions.