Economic Values and Corporate Financial Statements

Corporate financial statements do not include environmental values. This deficiency has contributed to the criticism that company managers do not include environmental impacts in the internal decision-making process. The accounting profession has not developed effective environmental reporting guidelines. This situation contributes to a second problem: the apparent inability of corporate reports to provide useful information to external parties. It has been suggested that by using nonmarket valuation methodologies, financial statements can be used to measure progress toward sustainable development. Nonmarket valuations are not generally accepted by the accounting profession. They are too subjective to support effective decisions, and too costly to obtain. Furthermore, demand for this sort of information appears small. Some of these issues may be resolved over time. The most serious challenge, however, concerns how enhanced financial reports would be used. Financial statements are supposed to help investors assess the amount, timing, and uncertainty of future cash flows. A substantial portion of environmental value is based on nonuse benefits, much of which will never be realized in company cash flows. In other words, the role of financial statements would have to change. Furthermore, since there is no general agreement as to the meaning of sustainable development, efforts to operationalize the term have been fraught with difficulty. Moreover, monetization of environmental values could jeopardize their preservation, leaving some to question the overall objective of this form of reporting. For these reasons, while it is to be hoped that better reporting of environmental impacts will be forthcoming, the greatest advances will likely be outside the financial statements themselves.     

Local sustainability processes worldwide: a systematic review of the literature and research agenda

This article presents a systematic literature review of 109 articles (1992–2015) dealing with Local Agenda 21 processes worldwide. It analyzes two essential elements of Local Agenda 21: (1) the holistic approach of the sustainable development concept and (2) the main driving forces behind such processes. It shows that, although at the beginning, sustainability was seen as a natural extension of environmental policy work, it has been perceived over recent years as a guiding principle applied to issues of environment, economic development, and social welfare, and Local Agenda 21 is perceived as a coherent approach to sustainability planning. In addition, Local Government Strategy is the main typology followed, although it suffers from important limitations. Future studies could focus on local sustainability process outcomes. Further quantitative studies would be welcome, given the qualitative case study dominance in the field. We conclude with a research agenda to tackle theoretical, methodological, and empirical lacunae.     

Pilot-scale feasibility study for the stabilization of coal tailings via microbially induced calcite precipitation

Environmental Science and Pollution Research - Sustainable long-term solutions to managing tailings storage facilities (TSFs) are integral for mines to operate in a safe and environmentally...     

Dividivi tannins: an ecological product for water-based drilling fluids

Modified tannins are used as deflocculant additives in the formulation of water-based drilling fluids (WBDF) for drilling operations in any scenario. Due to their high heavy metals content, these additives are toxic and hazardous for any environmental scenario. Deflocculant efficiency of unmodified tannins (UDT) extracted from fruit pods of “dividivi” (Caesalpinia coriaria) as an additive for WBDF was assessed. Raw materials for UDT elaboration come from the rural and sustainable exploitation of natural occurring dividivi trees, growing in dry tropical forests in Anzoátegui state (Orinoco Oil Belt, eastern Venezuela). The tannins extract, in the form of dividivi fruit powder, contains 47.0 % of total tannins (hydrolyzable tannins plus condensed tannins), of which 67.4 % corresponds to hydrolyzable tannins. Dividivi tannins in WBDF showed nine (9) times deflocculant efficiency than heavy metals commercial modified tannins. Moreover, commercial modified tannins do not improve their deflocculant efficiency with increased tannin content. Ecotoxicological studies were carried out for WBDF formulations with UDT, using freshwater microalgae Scenedesmus dimorphus as chronic toxicity bioindicator. Toxicity bioassays performed with these microalgae did not show significant effects on its population growth. The EC₅₀ values resulted in over 100,000 mg L^?1, and these formulations were therefore considered non-toxic. Values of LC₅₀ obtained this time with Poecilia reticulata, as acute toxicity bioindicator are around 100,000 mg L^?1, with no significant effects on population mortality. Thus, WBDF formulated with UDT can be considered non-toxic formulations for populations of this freshwater fish. From the social perspective, the use of UDT in WBDF fosters organized communities economical activities based on the maintenance of a sustainable supply chain for processing fruits in a quantity enough to obtain three thousand seven hundred fifty kilograms (3750 Kg). The UDT so obtained was used as deflocculant in four (4) oil wells producing excellent performance and relevant savings compared with commercial modified tannin.     

Characterization of a fatty acid-binding protein from the Pacific oyster (Crassostrea gigas): pharmaceutical and toxicological implications

Environmental Science and Pollution Research - Pharmaceuticals and their metabolites constitute a class of xenobiotics commonly found in aquatic environments which may cause toxic effects in...     

A habitat‐based approach to predict impacts of marine protected areas on fishers

Although marine protected areas can simultaneously contribute to biodiversity conservation and fisheries management, the global network is biased toward particular ecosystem types because they have been established primarily in an ad hoc fashion. The optimization of trade‐offs between biodiversity benefits and socioeconomic values increases success of protected areas and minimizes enforcement costs in the long run, but it is often neglected in marine spatial planning (MSP). Although the acquisition of spatially explicit socioeconomic data is perceived as a costly or secondary step in MSP, it is critical to account for lost opportunities by people whose activities will be restricted, especially fishers. We developed an easily reproduced habitat‐based approach to estimate the spatial distribution of opportunity cost to fishers in data‐poor regions. We assumed the most accessible areas have higher economic and conservation values than less accessible areas and their designation as no‐take zones represents a loss of fishing opportunities. We estimated potential distribution of fishing resources from bathymetric ranges and benthic habitat distribution and the relative importance of the different resources for each port of total catches, revenues, and stakeholder perception. In our model, we combined different cost layers to produce a comprehensive cost layer so that we could evaluate of trade‐offs. Our approach directly supports conservation planning, can be applied generally, and is expected to facilitate stakeholder input and community acceptance of conservation.     

Corbicula fluminea gene expression modulated by CeO2 nanomaterials and salinity

Environmental Science and Pollution Research - Cerium dioxide nanomaterials (CeO2 NMs) are used in different fields and incorporated in daily products. Several studies highlighted their effects on...