Environmentally Profitable

lemmingEffect writes: "Came across this NYT article about how many companies are finding unexpected cost-savings for using more environmentally-friendly manufacturing processes and materials. Kinda like getting paid to clean your room--sure would have made me happier as a kid. =)"

Comments

Environmental accounting

[sakusha]

This is all a byproduct of a new system called "environmental accounting." For years, corporations have been used to applying standard accounting techniques to manufacturing processes to maximize profits and process efficiency, but nobody ever thought of applying those accounting methods to environmental issues. The classic EA example is a company that uses mercury in manufacturing. The accountant measures the mercury the co. buys, and subtracts the amount that ends up in the product plus the amount reclaimed from waste. For example, they buy 20 tons a year, and 15 goes into the products, 3 are reclaimed from waste. 2 tons are unaccounted for and are presumed to go directly into the environment. To plug the mercury leak, you just go through the process and see where it's not accounted for.

This article just cites examples where the gov't has mandated environmental accounting and gives disincentives to inefficient processes. If only we could get people to use EA just because it's good for the environment!