Environmental Accounting For The Sustainable Corporation
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Environmental Accounting For The Sustainable Corporation

by John A. Lent, Daniel B. Rubenstein
     
 

ISBN-10: 089930866X

ISBN-13: 9780899308661

Pub. Date: 07/30/1994

Publisher: ABC-CLIO, Incorporated

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

Overview

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.

Product Details

ISBN-13:
9780899308661
Publisher:
ABC-CLIO, Incorporated
Publication date:
07/30/1994
Pages:
224
Product dimensions:
6.14(w) x 9.21(h) x 0.56(d)

Table of Contents

Preface

Introduction

Charting a Middle Course

The Limitations of Traditional Accounting

A Guide to Environmental Accounting

Origins of the Concept of Sustainable Development

An Industry Under Intense Public Scrutiny

Negotiating with Today's Stakeholders

Introduction to the Basic Concepts of Natural Forest Capital, Intergenerational Equity and Waste Minimization

Transforming Natural Capital into Product

Valuation of a Forest

A Zero Impact Factory

Applying Risk-Management Principles to Costing Natural Capital

Reporting to the Board on the Stewardship of the Forest

Reporting to Shareholders and Others Who Benefit from the Forest

How Do I Apply This in My Work?

Afterword

References

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