Investor attitudes toward the value of corporate environmentalism: New survey findings

During the past several years, an increasing body of evidence and opinion has formed concerning the relationships between advancements in environmental, health, and safety (EH&S) management and the financial performance of the organization. In recent work,¹ we have described a new theoretical model linking improvements in environmental management systems and environmental performance to corporate risk, stock volatility, and market value, as well as an empirical evaluation that validated our model. A number of other studies² have documented changes in the market value of corporate equity as a function of environmental accidents, incidents, and (conversely) accomplishments. These are in addition to the numerous examples presented in the literature and at EH&S conferences and symposia that suggest that concerted efforts to reduce the organization's environmental “footprint” can yield cost savings, increased market share, reduced time to market, and perhaps other financial benefits. Some have gone so far as to proclaim that a new era has begun, in which environment-friendly corporations will increasingly be recognized and rewarded by financial market participants, and organizations that lag behind will be severely penalized.³ This article documents a new survey undertaken to identify important environmental factors, if any, investors employ in evaluating the quality and worth of equity and debt financing instruments.     

Value chain for next-generation biofuels: resilience and sustainability of the product life cycle

Multiple factors including climate change, price uncertainties, and geopolitical instability have prompted many industries to investigate the feasibility of replacing traditional petroleum-based fuels with biofuel alternatives. However, to make this transition successful, these new biofuels must be environmentally sustainable and the necessary support infrastructure must be in place to make the production, distribution, and storage of these biofuels technologically feasible and cost effective. Developing a value chain, spanning from feedstock production to distribution to end users, requires garnering buy-in from multiple stakeholders by demonstrating environmental, economic, and social benefits and incentives. Two critical factors are the environmental benefits achieved from the use of the biofuel technology and the degree of resilience of the value chain to emergent conditions to ensure steady supply to consumers. Moreover, different biofuel pathways have different costs, benefits, and risks which must be compared. In this paper, we describe how environmental sustainability can be modeled using life cycle assessment (LCA) and how the resilience of value chain initiatives can be modeled using a scenario-based decision model. We then describe how sustainability and resilience assessments can be integrated in an iterative, anticipatory LCA framework. These assessments can be used as the basis for a business case for various investments, as well as a means for promoting responsible innovations, with the aviation industry used as a case study.     

Strategic environmental product planning within Philips sound & vision

Until now no structured methodology existed for attuning environmental considerations to the business strategy of companies. The Environmental Competence Centre of Philips Sound & Vision in The Netherlands has developed and tested a methodology for this purpose. This methodology, called Selection of STRrategic Environmen Tal CHallenges (STRETCH), has proven to lead to promising results and should therefore be actively promoted. In this article, the authors show how the application of STRETCH provides the possibility of meeting three main objectives: First, focusing on the incorporation of environmental aspects into the company's business strategy can elicit innovations that may enhance the competitive position of the company by cost reduction and/or higher market shares. Second, the environmental opportunities and threats to be expected in the future can be anticipated in an earlier phase. Through this proactive approach a company can avoid external criticism and take the lead in environmental priority setting. Third, by applying the STRETCH methodology even higher eco-efficiencies are expected to be reached than through incremental, step-by-step environmental improvements.     

Finding green in clean: Progressive pollution prevention at hyde tools

Hyde Tools, Inc., of Southbridge, Massachusetts, is a medium-sized firm employing about three hundred persons. In 1988, it learned of a company that eliminated its wastewater discharge after being threatened with massive Clean Water Act fines resulting from a suit brought by a Massachusetts environmental group. Hyde decided to devise a similar program to attain zero water discharge and do it within five years. More than 75 percent toward its goal, Hyde'S environmental success, detailed in this article, still relies heavily on the company'S Total Quality Management system and the efforts of a dedicated environmental staff. Hyde'S success typifies TQEM in action—showing how small continuous improvements can lead to significant financial paybacks.     

Environmentally conscious product design through total quality management

The actions of governments, customers, and competitors are influencing corporate environmental management in unprecedented ways. Market requirements are affecting both revenues and costs in ways that individual firms cannot control. The uncertainty that these new requirements create underscores the critical importance of planning and implementing a systematic approach to the design of products and the processes used to build, ship, support, and recover them. In this article the author shows how Total Quality Management offers a useful framework for aligning a company'S market focus, its business plans, and its management of critical business processes. This alignment is critical, if companies are to create environmentally conscious products while remaining competitive in a global marketplace.     

公民环境信访行为影响因素的实证分析——基于规范激活理论

环境信访是中国公民环境利益表达的重要途径,也是其参与环境治理的重要通道,引导公民有序进行环境信访对于加强生态文明建设、深化环境治理、维护社会稳定具有重要意义。本研究从环境信访的参与主体——公民入手,基于社会心理学中规范激活理论的连续模型,构建了公民环境信访影响因素的理论模型,并运用AMOS 20.0对S市9个行政区500位市民的问卷调研结果进行实证分析,探究公民环境信访行为的社会心理影响因素。研究结果表明:规范激活理论的连续模型能够较好地解释中国公民的环境信访行为,其中环境信访结果认知正向影响环境信访责任归属,公民的个体规范需要通过责任归属得以激活,从而影响公民环境信访行为意向。因此,政府可以通过环保知识的宣传教育和完善环境信访相关法律法规来提升公民环保意识和环境信访责任归属感,同时可以通过环保政策法规的宣传、畅通环境信访渠道以及对公民环境信访行为的有效处理来促进公民对环境信访行为积极意义的认知,从而推动公民有序进行环境信访。     

Implementing industrial ecology and design for environment practices: Lawrence livermore national laboratory

Lawrence Livermore National Laboratory (LLNL), one of the nation's three national security laboratories, is initiating a major research effort in industrial ecology with the goal of increasing the economic and environmental efficiency of the U.S. and global economies. Closer to home, ongoing efforts to reduce LLNL's environmental impact on the surrounding community provide an example of how the environmental efficiency of a major research facility can be systematically improved. In the late 1980s, LLNL initiated its waste minimization and pollution prevention program, changing its focus from end-of-pipe waste management to a proactive and preventive strategy—total quality environmental management (TQEM). LLNL's success in integrating pollution prevention with R&D and operational activities is well illustrated by the waste reduction and energy and water conservation accomplishments described in this article. LLNL represents a model of how industrial ecology, design for environment, and pollution prevention can be incorporated into a comprehensive R&D and operational program. This article describes LLNL's developing industrial ecology program, gives some specific technical accomplishments that have application to many industrial facilities, and presents a case study of TQEM at LLNL's remote experimental test facility, Site 300. The integration of TQEM philosophy with LLNL's scientific capabilities holds much promise for new ideas and creative solutions to national and international industrial ecology concerns.     

Case studies of ISO 14001: A new business guide for global environmental protection

The intention of this article is to clarify the current status of ISO 14001, the internationally accepted voluntary environmental management system (EMS) standard, which is an effective means to generate continuous environmental performance improvement in an organization as well as significant financial benefits such as operational efficiency improvements (e.g., energy and water savings), reduction in environmental risks and liability expenses, protection of corporate asset value, and public image improvements. The number of “ISO 14001” companies in Europe and the Pacific Rim is steadily increasing with customer and governmental pressure as the driving forces. In the United States, ISO 14001 implementation has lagged behind due to the fact that, so far, the EPA has not supported ISO 14001 as being sufficient for guaranteeing a reliable environmental performance record. Most ISO 14001 certified companies in the United States have been driven by overseas demand, particularly in the microelectronics industry because customers in this industry, especially those in Europe, will simply not do business in the future with companies that are not registered to ISO 14001. It is expected that European demand will continue to push ISO 14001 certification in the United States. Six ISO 14001 case studies in the U.S. chemical, electronics, and plastics industries, along with EPA's attitude toward ISO 14001 are described in this article. The case studies contain the reasons, steps taken, costs, benefits, problems, and future trends of ISO 14001 implementation and certification.     

Contingent Valuation and Real Economic Commitments: Evidence from Electric Utility Green Pricing Programmes

This paper presents the findings of two 'green pricing' studies conducted to evaluate public support of utilities' investments in renewable energy technologies. These studies compared hypothetical WTP statements with actual payment commitments. The results of these studies indicate that the CVM can be an accurate indicator of an individual's WTP, but that it is an unreliable predictor of which individuals will actually pay. This has important implications for aggregating mean WTP estimates of the value of environmental benefits. It also suggests that market simulations can be useful for predicting programme participation rates when voluntary donations are used as a payment vehicle.     

Applying tqem practices to pollution prevention at AT&T's columbus works plant

In recent years AT&T changed its focus on environmental policies from compliance to pollution prevention. Pollution prevention is an integrated program that includes design for the environment, “green” manufacturing, and a comprehensive program to reduce existing waste in production. The principles of Total Quality Management can be applied to pollution prevention as well as the more traditional manufacturing concepts. The project described in this article is one of several concurrent programs being conducted at AT&T'S Columbus Works to reduce overall waste produced by the facility by applying TQM practices.     

城市生活垃圾分类强制实施背景下“一主多元”治理模式的主体策略演化分析

随着经济不断发展和人民消费水平提升,垃圾分类治理问题日益严峻。实践经验表明,强制实施背景下政府主导与承包商、公众和环保组织为核心的多元主体共同参与的“一主多元”协作模式,对于我国垃圾分类治理具有较好适用性。但该模式也存在“一主”突出、“多元”不足及其他系统性冲突。为明确多元主体参与策略对“一主多元”治理模式稳定性的影响,首先,本文分析了城市生活垃圾分类强制实施背景下该模式运行机制及主体动因。然后,构建以承包商、公众和环保组织为主体的三方演化博弈系统,对不同策略组合下系统的演化结果进行演绎。最后,借助数值仿真分析了参与成本、环境收益和政府补贴对主体策略选择及系统稳定性的影响。结果表明：环保组织参与垃圾分类治理的积极性最高,公众最低;对于系统运行风险,承包商属于风险偏好者,环保组织属于风险回避者,公众属于风险中立者;承包商对参与成本最敏感,对政府补贴最不敏感,公众则正好与之相反;环境收益的提升有助于提高多元主体的参与积极性。这些发现对于如何提升多元主体参与垃圾分类治理的积极性及“一主多元”治理模式的运行效能具有启示意义。     

新安江流域生态补偿政策效果评价研究

本文基于流域生态补偿的经济学原理,以成本效益分析(CBA)为基本框架,通过对新安江流域生态补偿政策实施的成本和效益进行定性定量的分析,对黄山市实施新安江流域生态补偿政策的成效比E1以及外部效应内部化程度指数E2进行计算,进而科学合理地衡量新安江流域生态补偿政策的实施效果。2010—2013年,黄山市在新安江流域生态补偿工作中的成本总计189.06亿元,黄山市环境效益增加33.52亿元,黄山市新安江流域生态补偿工作成效比E1为0.24,外部效应内部化程度指数E2为0.81,说明新安江流域生态补偿起到了一定的效果,黄山市环境效益预测结果表明,流域生态补偿的效果会随着时间的推移更加明显。由此提出建议,现阶段黄山市应继续以解决经济发展与环境保护的矛盾为重心,同时注重流域生态补偿工作的落实。     

Achieving environmental excellence through TQEM strategic alliances

Generally speaking, today's TQEM initiatives do not improve a firm's activities beyond the shipping dock and onto consumer and postconsumer use and reuse. Although internal TQEM efforts do improve environmental impacts of a firm's operations, most firms remain focused on the traditional bottom-line objective of increasing throughput. For these reasons, most firms implementing TQEM miss the many opportunities to improve environmental performance (including cost and quality) through asset recovery, resource sharing, and reuse. However, by taking the advantages of teamwork beyond corporate boundaries, firms can close the loop on environmental improvements. Inter-firm teaming for environmental advantage, which we define as TQEM alliancing, initiates a cyclical approach to environmental performance improvement. It does so by forging strategic relationships among firms that can leverage each other's environmental weaknesses. TQEM allying is a round-robin game plan. In this article, the authors show how it allows firms to take their environmental improvement initiatives beyond regulatory compliance (and into proactivity), beyond pollution control (to total pollution avoidance), and beyond profitability (for a quantitative as well as qualitative bottom line), because firms will be integrating external as well as internal functions across different business domains.     

论政府生态环境损害赔偿责任的承担

政府承担生态环境损害赔偿责任的理论基础是政府对环境质量负责,政府对环境质量负责的实质是政府作为公共环境的管理者和控制者对维护公共环境利益所负担的安全保障义务。根据政府的环境安全保障义务,政府承担生态环境损害赔偿责任应以过错推定为归责原则,责任构成的核心是政府负有其职责范围内特定的环境安全保障义务,因未尽环境安全保障义务间接引发生态环境损害。由于政府未尽环境安全保障义务的行为并非直接也并不必然导致生态环境损害,所以政府一般仅根据自身行为的可责性及其程度对生态环境损害承担补充性的赔偿责任,只有在特殊情况下才承担连带赔偿责任,在政府不负有特定环境安全保障义务的情况下政府不承担赔偿责任。     

Implementing an environmental business strategy: A step-by-step guide

With more and more organizations seeking opportunities to generate benefits beyond compliance from environmental management activities, the challenges for environmental directors today is to develop and implement an environmental strategy that links environmental performance with the overarching strategic business goals of the organization. Organizations today are looking for opportunities to develop environmental management solutions that not only address the concerns of regulatory stakeholders, but also provide opportunities to improve operating efficiency and financial performance, enhance customer satisfaction, sustain market growth, and enhance goodwill, to satisfy the demands of a broader set of stakeholder groups including customers, investors, and employees. To achieve broader benefits from environmental management investments, this article shows how organizations must first develop a methodology for aligning their environmental management activities with the organization's strategic business goals and create a plan for systematically managing continuous improvement to achieve these goals. The second challenge is to implement this strategy at the business unit and facility level in a manner which integrates environmental management activities with an organization's core business processes to achieve improved product and service performance.     

Understanding consumer behaviour and adaptation planning responses to climate-driven environmental change in Canada's parks and protected areas: a climate futurescapes approach

Parks and protected areas are a global ecological, social and health resource visited by over 8 billion people annually. Their use can yield substantial benefits, but only if a balance between ecological integrity and sustainable visitation is struck. This research explores the potential influence of climate-driven environmental change on visitation to North America's most popular glacier, the Athabasca Glacier in Jasper National Park, Canada. Photorealistic environmental visualizations were used to gauge visitors’ perceptions of environmental change and potential impacts on consumer behaviour. Results suggest that impacts could substantially diminish the site's pull as a tourism destination. Rather than improving visitation prospects, expert-proposed adaptations underestimated the importance of perceived naturalness and contributed to further potential decline. Findings are relevant to protected areas planning and management. They suggest that a natural path to climate change adaptation is the best way to support both ecological integrity and the long-term tourism pull of protected areas.     

Reverse logistics in Malaysia: Investigating the effect of green product design and resource commitment

Reverse logistics and green product design are green supply chain management practices that are being implemented to demonstrate firm's commitment to environmental sustainability. The generation of waste from electrical and electronic equipments prompts the viability of product recovery to salvage invested material and energy. Selection of various reverse logistics product disposition options relies on products’ residual value and the accessibility of reusable content for re-entry in forward supply chain. This study explores the effect of green product design and resource commitment on reverse logistics product disposition by employing empirical analysis on 89 returned mail survey received from ISO14001 certified electrical and electronic manufacturing firms in Malaysia. The results indicated that design for disassembly is necessary to harvest valuable inventories from every product disposition options except of disposal whereas design for environment and commitment of resources have slight influence on repair and disposal activities. As the evidences show that green product design and reverse logistics product disposition are interrelated, firms ought to undertake environmentally proactive approaches to generate benefits from resources that are undeservingly discarded as landfill waste.     

BENEFITS OF POLLUTION CONTROL ON MASSACHUSETTS’ HOUSATONIC RIVER: A HEDONIC PRICING APPROACH1

ABSTRACT: This paper illustrates one mode of analysis for estimating the benefits of water pollution control projects. Results indicate regional benefits associated with an abatement program instituted for point source pollution along the Housatonic River during the 1960's were substantial. Studies of this kind can aid regulatory and recreation resource administrators in devising and evaluating environmental programs.     

绿色技术专利强制许可法律问题研究

绿色技术专利强制许可要求将环境利益明确纳入公共利益范围,而专门的绿色技术专利强制许可制度则进一步要求针对绿色技术构建特殊许可通道。功能主义观念以环境保护目标的必要性来证成绿色技术专利强制许可的正当性,但没有解释绿色技术、环境保护、公共利益之间的具体联系,从而不能证明绿色技术专利强制许可背后的法律逻辑。法治主义视角下,从强制许可事由、审查程序以及许可费三方面来看,该制度会引起一系列的正当性问题。未来需要将专门的绿色技术专利强制许可制度限定在政府实施的范围内,并依据权利人自认来确定绿色技术的范围。     

Using discrete choice experiments to value preferences for air quality improvement: the case of curbing haze in urban China

China's top legislature amended a law that “sets environmental protection as the country's basic policy”, which planned to force regulators to make improvements in air quality. Limited studies have attempted to estimate separate values for attributes of air quality improvements from the perspective of how residents value the reduction of haze and health benefits. We apply a discrete choice experiment to estimate the economic benefits involved in these changes. The analysis demonstrates that residents from urban areas are positively willing to pay for air quality improvement. We further employ a mixed logit model and a latent class model to investigate potential heterogeneity in preferences. The preference heterogeneity is significantly related to individuals' exposure to health risks relating to air quality, which is represented by whether the residence location of the respondent is covered by haze/smog on the interview day.