Environmental Accounting for the Sustainable Corporation: Strategies and Techniques
Corporations must decide how much to invest in the natural capital (e.g. air, water, land, and forests) that they depend upon for their economic survival. How do they project the costs of essential investments under conditions of scientific and legislative uncertainty? An innovative roadmap is laid out with the help of a case study based on the actual experiences of a forestry company that made such an attempt. Everyone interested in developing a long-range environmental strategy will find this book instructive: senior corporate management, accountants, internal auditors, academics, students, and environmentalists. Based on the author's research for the United Nations, a new methodology is advanced to compute fuller costs. In addition to practical guidance on the theory and practice of calculating fuller costs, the author illustrates alternatives to traditional capital budgeting models. A whole range of concepts and applications are offered on natural capital; intergenerational equity; waste minimization; asset depletion rates; application of risk-management principles to costing natural capital; off-balance sheet natural assets; modern definition of profit for natural and business capital. Pioneering reporting methods for returns on investment and product costs are recommended in the concluding chapters.
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Charting a Middle Course
The Limitations of Traditional Accounting
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accounting for sustainable analysis approach areas assets biodiversity Blackmore and Price bleaching boreal forest chlorine cleanup clear-cutting commercial value Common Future company's concept damage decisions define diversity earnings ecological ecosystem effluent entity environment environmental accounting environmental activists environmental investment equity estimated fiber focus forest values forestry management full cost accounting full costs fuller costs habitat harvesting impact increase industry intergenerational liabilities investors Jack jack pine land lignin limits long-term Love Canal ment Mike million natural capital natural resources nontraditional accounting northern boreal forest numbers Option pany percent plant pollution potential production profit pulp and paper pulp mill pulp operations rate of return recognized reduced regeneration risk costs ronmental scientific shareholders soil species stakeholders stewardship strategy sustainable corporation sustainable development sustainable forestry timber tion traditional accounting trees volume Walker knew waste wealth wildlife wood supply zero-impact
El desempeño ambiental en la empresa: prácticas para costear y administrar ...
Marc J. Epstein
No preview available - 2000
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Environmental Accounting: Commitment Or Propaganda
Martin Freedman,Bikki Jaggi
No preview available - 2006