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The Green Bottom Line : Environmental Accounting for Management: Current Practice and Future Trends - Martin Bennett

The Green Bottom Line

Environmental Accounting for Management: Current Practice and Future Trends

By: Martin Bennett (Editor), Peter James (Editor)

Hardcover | 1 September 1998 | Edition Number 1

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Hardcover


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To date, both internal and external corporate environmental reporting and management systems have focused on physical input-output measures. However, external stakeholders are increasingly demanding that organisations provide more financial information about the costs and benefits of their environmental actions. As environmental costs rise, internal decision-makers are also seeking such information to ensure that money is well spent. Beyond basic compliance, many companies will not countenance environmental actions for which a "business case" cannot be made.  A number of companies - such as Baxter, BT, Xerox, Zeneca and others - are now beginning to develop a better understanding of the costs and benefits of environmental action. The US Environmental Protection Agency has also done considerable work on models designed to understand the "full costs" of pollution control investments, with the aim of demonstrating that - when these are properly considered - pollution prevention can be a more cost-effective alternative. The Green Bottom Line brings together much of the world''s leading research and best-practice case studies on the topic. Divided into four sections, covering "General Concepts", "Empirical Studies", "Case Studies" and "Implementation", the book includes case studies from the US EPA''s Environment Accounting Programme and contributions from authors at institutions including the IMD, INSEAD, Tellus Institute and the World Resources Institute. It constitutes a state-of-the-art collection.
Industry Reviews
"This volume is of considerable importance as it provides concrete evidence from the US, UK, Germany and other countries that...treating pollution is an expense; preventing it is an investment.' Jacqueline Aloisi de Larderel, Director, UNEP IE. 'The Green Bottom Line promises the start of a more concerted international effort to raise awareness of the benefits of, and possibilities for, advancing environmental accounting.' Susan McLaughlin, US Environmental Protection Agency. 'The Green Bottom Line demonstrates that many companies can benefit by getting a better understanding of the financial costs and benefits of environmental action. It also provides information and insight on what they can do in practice. I wish it had been around when we started our own environmental accounting journey in the early 1990s!' William Blackburn, Vice-President, Environmental, Health & Safety, Baxter International. 'Environment-related management accounting is an essential tool for tomorrow's business. As managers of one of the largest green funds, the Storebrand Scudder Environmental Value Fund, we will certainly expect that the companies we invest in have understood its precepts and are implementing some of the practical accounting measures that are outlined in The Green Bottom Line.' Jan-Olaf Willums, Senior Vice-President, Storebrand, Norway. 'This book...will, I am sure, make a significant contribution to our better understanding of environmental accounting.' Ian Ash, Director, BT Corporate Communications. 'A very accurate reflection of how current managerialist thinking on environmental issues is shaping up. An essential addition to any environmental accounting library.' Professor Rob Gray, CSEAR, University of Dundee. 'Thorough and highly readable...From basic environmental accounting concepts to the thicket of full-cost accounting, the authors nimbly guide readers through the pitfalls and possibilities. An excellent resource.' The Green Business Letter. 'A hands-on, useful book.' Business Ethics. 'A book well worth reading.' Handbook of Management Accounting. 'This publication is a good guidance book to environment-related management accounting as it gives the context, definitions, and doesn't just theorize but shows applications.' International Council for Local Environmental Initiatives. 'The Green Bottom Line is an important book which examines corporate environmental policy from an accounting standpoint. If companies can demonstrate that green is not only good but yields better business results then detractors will disappear like chimneys in a smoke free zone.' European Quality"

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