Current Practice in Environmental Reporting: The Chemicals by Bob Ceurstemont, Tom Bolton, Clive Capps

By Bob Ceurstemont, Tom Bolton, Clive Capps

The company environmental document (CER) is changing into an more and more very important a part of the way businesses record their actions. because the concentration shifts unavoidably in the direction of larger and bigger responsibility for environmental effect, enforcing an efficient reporting process and generating a CER which exhibits how heavily your organization takes its environmental obligations is vital. present perform in Environmental Reporting: The chemical substances is the second one in a huge new sequence of looseleaf surveys reviewing the present nation of environmental reporting in a couple of key business sectors world wide. It brings jointly and analyses the CERs of the top foreign chemical substances businesses. each one company's CER is tested intimately utilizing a finished set of environmental functionality signs (EPI's). it's going to even be worthy to the big variety of stakeholders thinking about company environmental functionality and to the various verifiers concerned. No association interested by the global chemical compounds can have enough money to disregard its findings.

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For example, in the world chemicals industry, the top 50 companies represent close to 25% of the industry turnover. The estimated number of CERs given above was confirmed by analysis of the chemicals industry CERs. This in-depth examination of one industrial sector yielded about 35 CERs. Fortune 500 identifies a total of close to 50 individual sectors. Assuming about half of these have a significant degree of environmental sensitivity, this would indicate a world market CER figure approaching 900.

2). However, a number of governmental steps being implemented could change this. Australian companies are now expected to give information on performance with regard to the environmental regulations that apply to them under the amended Corporations Law. In addition, a National Pollutant Inventory (NPI) is being created, based on the US TRI, which will require industrial companies to report emissions and inventories for specified chemicals (up to 90 substances). This was expected to become applicable for the 1999–2000 financial year and affect 3000 to 5000 companies/divisions.

4). 3). This clearly shows how the tendency to report on the environment is heavily geared to company size. 1). 4 Proportion of top 100 companies producing CERs, by country Country % of top 100 companies with CERs USA Sweden Germany Canada Netherlands Norway UK Belgium Switzerland Finland Denmark Australia New Zealand 42 37 33 33 31 30 27 27 18 12 10 5 0 Source: 1997 KPMG Survey A broad picture of how environmental reporting is progressing by country and business sector has been constructed. Progress by country As reported earlier, the 1999 KPMG ‘world’ Survey found that 25% of respondent companies produced a CER.

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