John A. Lent, Daniel B. Rubenstein

Environmental Accounting for the Sustainable Corporation

Strategies and Techniques

• Gebundenes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Bloomsbury 3PL
• Seitenzahl: 224
• Erscheinungstermin: 30. Juli 1994
• Englisch
• Abmessung: 240mm x 161mm x 17mm
• Gewicht: 507g
• ISBN-13: 9780899308661
• ISBN-10: 089930866X
• Artikelnr.: 21125804

Autorenporträt

DANIEL BLAKE RUBENSTEIN, Principal in the Office of the Auditor General and a Chartered Accountant in Canada, has specialized in environmental accounting for sustainable development for the last five years. He has recently finalized a research project on accounting for sustainable development for the UN's Conference on Trade and Development.

Inhaltsangabe

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