Stakeholders and supervisors are becoming more and more conscious of the significance of the environmental impact of a business operations trying to ascertain future profitability and assessing hazards. Sadly, financial accounting systems often fail to fully disclose these environmentally-associated prices. The reasons underlying this incomplete disclosure are myriad, ranging from measurement problems to the arrangement of the chart of accounts of the business.
The negative effect on the environment from business operations can be regarded as a failure in the same way that the negative effect of making a defective merchandise could be viewed as a production control failure. Reporting and drawing on the experiences of companies applying quality measures, this article presents an environmental price reporting model to supply greater transparency to supervisors and company stakeholders on environmental impact of business operations.
PUBLICATION DATE: September 15, 2011 PRODUCT #: BH446-HCB-ENG
This is just an excerpt. This case is about TECHNOLOGY & OPERATIONS
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