KPMG says environmental costs average 40% of corporate earnings - 21 February 2012.
If companies had to pay for the full environmental
costs of their production, they would lose 41 cents on average for every US
dollar in earnings, according to a new study, Expect the Unexpected:
Building Business Value in a Changing World by KPMG.
The research finds that the external environmental
costs of 11 key industry sectors jumped 50% from $566 to $846 billion in 8
years (2002 to 2010), averaging a doubling of these costs every 14 years.
Currently, these costs are rarely shown on financial statements, because
companies generally do not have to pay for them directly.
Source: www.csreurope.org
February 21, 2012.