摘要:

AbstractDuring the past several years, an increasing body of evidence and opinion has formed concerning the relationships between advancements in environmental, health, and safety (EH&S) management and the financial performance of the organization. In recent work,1we have described a new theoretical model linking improvements in environmental management systems and environmental performance to corporate risk, stock volatility, and market value, as well as an empirical evaluation that validated our model. A number of other studies2have documented changes in the market value of corporate equity as a function of environmental accidents, incidents, and (conversely) accomplishments. These are in addition to the numerous examples presented in the literature and at EH&S conferences and symposia that suggest that concerted efforts to reduce the organization's environmental “footprint” can yield cost savings, increased market share, reduced time to market, and perhaps other financial benefits. Some have gone so far as to proclaim that a new era has begun, in which environment‐friendly corporations will increasingly be recognized and rewarded by financial market participants, and organizations that lag behind will be severely penalized.3This article documents a new survey undertaken to identify important environmental factors, if any, investors employ in evaluating the quality and worth of equity and debt financing instru

ISSN:1088-1913    

DOI:10.1002/tqem.3310080102

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractStakeholder groups, defined according to their transcendent values, have different concepts of sustainability. Their prioritizations of individual, family, collective, and local and global environmental issues also differs. Given this, the metrics required for a given sustainable development path are subjective. Therefore, the questions of who should define ecometrics, their transparency, number, state of aggregation, standardization, and benchmarking are questions that require an enfranchised multi‐stakeholder debate. At present, corporations have been asked to bear the burden of environmental reporting and eco‐indicators have been established to account for material intensity, energy consumption and waste or toxic releases, among other factors. However, the links among these local‐, product‐, or service‐based microecometrics and global states such as temperatures or atmospheric concentrations have yet to be established. The relationship of macroecometrics to individual definitions of sustainable development also has not been addressed. This article summarizes four plenary lectures given at ECOMETRICS '98 in Lausanne, Switzerland. The workshop involved forty participants from industry, academic and government organizations representing seven countries and three c

ISSN:1088-1913    

DOI:10.1002/tqem.3310080103

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractThree agreements addressing environmental and safety performance, zero discharge of wastewater and sustainable development have been signed between Formosa Plastics Corporation, Texas (Formosa Plastics), and its former adversaries. The key element of the agreements is the improvement of the affected community. These agreements go beyond public information and beyond procedures for public participation. They have led to meaningful public participation and partnership and are unique in this respect.The following article explores the setup and results of each agreement. The initial agreement, the Blackburn‐Formosa Agreement, signed in 1992, set the stage for subsequent partnerships. The Wilson‐Formosa Zero Discharge Agreement followed in 1994. Finally, the Sustainable Development Agreement was signed by Jim Blackburn, Diane Wilson, and Formosa Plastics in late 1997.These agreements have proven very successful in avoiding disputes and helping improve company performance in environmental and safety issues. In many respects, these agreements offer a model for others in working with an affected commun

ISSN:1088-1913    

DOI:10.1002/tqem.3310080104

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractNegotiations toward an international regime to control anthropogenic emissions of greenhouse gases have been under way for more than a decade. The Kyoto Protocol1to the United Nations Framework Convention on Climate Change (FCCC)2reflects a basic intergovernmental agreement that predicted warming and volatile weather events are sufficient threats to justify mandatory measures. Yet with climate change negotiations set to resume November 2 through 13, 1998, in Buenos Aires, Argentina, at the Fourth Session of the Conference of the Parties (COP‐4), many major industries continue to believe that the disproportionate costs of controls will precipitate severe economic consequences, and that mandatory measures may never actually be implemented, or at least will be deferred for many years. This article examines why some business decision makers and their environmental managers remain unwilling or unable to make concrete plans to achieve the significant reductions that the Kyoto Protocol facially requires. Indeed, there has been surprising inattention at the boardroom and plant levels to the concepts and details of the agreement. This is reinforced to some extent by the apparently dim prospects for ratification in the near term by the U.S. Senate, in which the treaty today would likely not gain a majority, much less the necessary two‐thirds supp

ISSN:1088-1913    

DOI:10.1002/tqem.3310080105

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractEditor's Note: John Elkington's new book,Cannibals with Forks: The Triple Bottom Line of 21st‐Century Business, has been hailed as “practical, compassionate and deeply informed, a brilliant synthesis of his genius for cutting through the thicket of tough issues–in the world of business and sustainability–and producing elegant solutions that can be applied today” (Paul Hawken). We are pleased to have the opportunity to publish a selection from this award‐winning book. In this discussion of partnerships, Elkington explores how effective, long‐term partnerships will be crucial for companies making the transition to sustainability and offers approaches and examples of keen interest. Special thanks to Capstone Publishers, U.K., for their graciou

ISSN:1088-1913    

DOI:10.1002/tqem.3310080106

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractThis article covers the strategic, organizational, and operational decisions involved in one automobile manufacturer's efforts to balance its goals of productivity and high quality with the more elusive goal of environmental responsibility. The case material is based on the real‐life experiences of Honda of America's two manufacturing plants in East Liberty and Marysville, Ohio. The case unfolds as the environmental manager in charge of the two plants faces the pending visit of her corporate boss from Tokyo, who has made it clear that environmental issues are of growing importance in Honda's overall direction.ISO 14000, the new environmental quality standards being adopted by some other manufacturers, serves as a focusing issue for the environmental manager's thinking, but this issue is really representative of a wider challenge facing the Ohio plants: balancing Honda's core mission of producing the best cars at the lowest cost possible, and being a responsible actor in the environmental arena.Complicating this challenge, the environmental manager has to negotiate another tension common in global manufacturing firms today: balancing the influence of Honda's corporate headquarters in Japan with the local and regional context at its American plant site

ISSN:1088-1913    

DOI:10.1002/tqem.3310080107

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractProactive corporations have been looking at methods to determine the real costs of doing business, including environmental costs using environmental cost accounting (ECA) methodology. Many companies do not track or measure environmental costs and therefore do not know their true environmental costs. Unfortunately, conventional accounting practices rarely tease out environmental costs, and the costs associated with environmental compliance remain hidden in general overhead accounts. ECA can bring the world of business and the environment closer. When we have a better handle on environmental costs, we can use this information to better prioritize environmental projects, identify cost improvement projects, and allocate environmental costs to products. In this article we explore how some companies approach ECA and show how to initiate an ECA program.

ISSN:1088-1913    

DOI:10.1002/tqem.3310080108

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractIndustrial pollution has become a serious problem in many developing countries during the past two decades. Support for regulation of industrial pollution has remained lukewarm from many policymakers, despite research suggesting large benefits from pollution reduction even in very poor countries. Since 1993, a World Bank research team on the environment has worked in collaboration with pollution control agencies to understand existing regulatory practices, industry's environmental performance, and pollution abatement costs in developing countries. The researchers'ongoing work has already produced a large number of publicly‐available research papers and datasets, and is providing the Bank team with considerable expertise and insights into the design of effective pollution control policie

ISSN:1088-1913    

DOI:10.1002/tqem.3310080109

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

摘要:

AbstractEnvironmental Information Services, Inc. (EIS) publishes detailed reports and offers custom research related to the full spectrum of environmental issues facing corporations. This article highlights several key sections from EIS's new 1998 Petroleum Industry Report. It details the environmental performance, policies, and expenditures of the largest companies in the petroleum industry. EIS industry reports contain data on five key performance criteria—toxic waste management, hazardous waste generation, penalties, spills, and Superfund sites. Here we examine one of those—penalties—and the policies of the three largest companies. In the full report, which can be obtained from EIS, 15 corporations are analyzed based on all the performance cri

ISSN:1088-1913    

DOI:10.1002/tqem.3310080110

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY

ISSN:1088-1913    

DOI:10.1002/tqem.3310080111

出版商:Wiley Subscription Services, Inc., A Wiley Company    

年代:1998

数据来源: WILEY