Profit and the environment : common sense or contradiction? / Hilary Stone and John Washington-Smith.

Format:

Book

Author/Creator:

Stone, Hilary.

Contributor:

Washington-Smith, John.

Lawrence A. Medansky Memorial Book Fund.

Series:

UKSIP series

UK SIP series

Language:

English

Subjects (All):

Industrial management--Environmental aspects.

Industrial management.

Environmental policy.

Profit--Moral and ethical aspects.

Profit.

Pollution.

Physical Description:

xix, 235 pages : illustrations ; 24 cm.

Place of Publication:

New York : Wiley, 2002.

Summary:

How companies are staying in the black-by going green Adopting "green policies" is now essential to maintaining a company's healthy public image, and their bottom line. No longer a "fringe" issue, adhering to policies that protect the environment is also a matter of law. Companies that seriously violate environmental regulations are prosecuted, their reputations and share value damaged. Written by a former environmental lawyer and an environmental consultant, this informative book explains the benefits obtained through a sound environmental policy and how to finance environmental strategies that will favorably impact the bottom line. Complete with case studies of major companies (such as Shell and BP) as well as international examples, this book presents expert, up-to-date advice on how an environmental policy can be successfully managed to benefit both the company and investor alike.

Contents:

A Brief Introduction to the Environment xv

Part I A Changing-World

Climate change 4

Population growth 9

Water resources 10

Disappearing forests 11

Depletion of fish stocks 12

Industrial pollution 13

Sustainable development 16

The European Union 18

The Bellagio Principles 19

2 The Rapid Development of Environmental Law 29

How US law is made 30

The EU legislative system 34

The development of environmental law 37

US law on the atmosphere 40

EU air pollution regulation 42

Water regulation in the US 45

EU water law 46

Contaminated land: the US perspective 48

EU contaminated land regulation 49

US waste regulation 51

EU waste regulation 53

3 Reputational Issues 57

What is reputation? 58

Stakeholders 59

Making a corporate commitment 63

Reputation and shareholder activism 67

Reputation and strategic partnership 72

Reputation and the unthinkable 74

Part II The Corporate Response

4 Environmental Accounting and Reporting 79

The emergence of environmental accounting 81

Environmental issues in financial accounting 85

Definition of environmental costs 87

Environmentally induced costs: assets or expenses 91

THE IASC approach 92

Summary of environmental accounting 94

Environmental reporting 95

Different approaches to environmental reporting 97

GRI sustainability reporting guidelines 99

Independent review 105

5 Socially Responsible Investing 107

A short history of ethical investment 107

Research methodology 115

The Morley approach 117

The Friends Provident system 120

The Dow Jones Sustainability Group Index 122

The FTSE4Good indices 122

Risk issues 126

The Turnbull Report 131

Shareholder engagement 134

6 The Sustainable Company: Some Case Studies 137

Bristol-Myers Squibb 137

ICI 145

UBS 152

7 How to Identify a Strong Performer 163

The environment: spurring the next revolution? 164

Environmental management systems 171

Communicating between companies and investors 187

8 SMEs and the Environment 193

Definitions of an SME 194

Environment: perceived attitudes of SMEs 201

SMEs and environmental management 202

Climate change levy and other issues 206

Environmental reporting and accounting 210.

Local Notes:

Acquired for the Penn Libraries with assistance from the Lawrence A. Medansky Memorial Book Fund.

Presented in memory of Lawrence A. Medansky; 2001/2002

ISBN:

0471559458

OCLC:

47797380