RIT 2009 Symposium Workshop Summary: Paying for Sustainability
May 20, 2009 by Brian Butler | Filed under: Paying for Sustainability [4]
Please follow the link below for a powerpoint presentation highlighting the findings from this workshop.
Recent posts in Paying for Sustainability [4]
Research
May 9, 2009 by AROMAKE AFIEGBE | Filed under: Paying for Sustainability [4]
Other underlying questions are:
-How do firms account for and value their external costs?
-What methods and tools are used to accurately allocate both direct and indirect costs to products and cost centers?
-How do firms approach the financial analysis of environmental investments and investments in sustainability programs?
-What are standards for public reporting of sustainability investments and environmentally related financial data?
PAYING FOR SUSTAINABILITY
March 26, 2009 by AROMAKE AFIEGBE | Filed under: Paying for Sustainability [4]
This workshop seeks to address the question: “What do environmental managers need to know about accounting, economics, and finance?” Traditional topics in EH&S Management Accounting and Finance courses are focused on extensions of activity based costing (ABC) and material flow cost accounting—much of which is fairly new in its application to environmental management. For example, the evolving ISO 14501 outlines “new” material flow cost accounting standards and methods. These methods are relatively new subjects in EHS graduate programs, but are reasonably well established in the field of cost accounting. Other subjects, such as national income accounting, environmental valuation, carbon trading finance, environmental project evaluation, and environmental issues in financial accounting may be required knowledge for future EH&S Managers. This workshop seeks to explore and develop these issues with the participants.
This workshop will be moderated by Dr. James Myers.
Paying for Sustainability [4]
Environmental accounting and finance is an evolving discipline that incorporates elements of environmental economics, ecological economics, environmentally differentiated managerial accounting, financial accounting, and corporate finance. It is a discipline that brings together environmental managers with those in the accounting, finance, and economic professions. Our basic question for this topic is: “What does an EHS manager need to know about economics, finance and accounting to justify paying for corporate sustainability?”