ENBUS102 Lecture Notes - Lecture 6: Global Reporting Initiative, Waste Minimisation, Responsible Care
18 Mar 2016
School
Department
Course
Professor
Document Summary
Many companies adopted a win-win strategy that could reduce their environmental impact and cost. Strict environmental regulaion could improve compeiiveness by encouraging eiciency and innovaion. The reducion of: regulatory cost; cost of material, energy and services; cost of capital; cost of labour. Expenditures for polluion control in the us represent more than 2% of the gnp. It costs billion for the us oil industry to comply with the clean air act. Environmental costs account for 20% of capital expenditures in some sectors. While there may have been some easy gains" (e. g. , low-hanging fruit") at some point, they are now all gone. If you want environmental gains, then you will have to pay for them! The addiional cost experienced as a result of the producion of one addiional unit of producion. It usually equates to the direct costs plus the variable overhead costs (e. g. , equipment maintenance) Free and lower cost opions: leak repair, energy eiciency.
