Business A formal report Law on Pollution Accounting Essay

Business A formal report Law on Pollution Accounting - Essay Example *GEO Year Book 2006. United Nations Environmental Programme. 16 Apr.2006.http://www.unep.org **Poverty Resource. World Resources Institute. 16 Apr.2006. Our minimal awareness and response have produced a number of treaties, protocols, laws and monitoring agencies. But why then the Ozone hole is expanding Why Global-Warming is increasing Why species are, increasingly, afflicted by pollution in it's various forms Let us blame it on business houses and governments. Nature, in it's myriad forms, is exploited ruthlessly for 'materialistic economic benefits'. Society is the ultimate sufferer. How to stop the further decline and start our response more effective and pronounced The answer lies in "Pollution Accounting". This is the way we should make the business houses and government agencies absolutely transparent, responsible and answerable to the common man of the society, in the matters of environment and pollution. 'Pollution Accounting' is as good as financial accounting. It reflects the activities of business in relation to environment and pollution. It records, also, the role of government and it's agencies. The 'Pollution Accounting' reflects 'liabilities' and 'assets', as how a financial accounting does. 'The liabilities' must record how the business activities degraded and polluted the environment. What are all the negative impacts on the society should also be recorded under liabilities. Any legal case, pending or over, in relation to pollution and any ongoing investigation, by government agencies, related to environmental degradation should also be recorded. The data must be provided in 'real' terms and in monetary terms also. 'The assets', in 'Pollution Accounting", must include the internal and external...This is the way we should make the business houses and government agencies absolutely transparent, responsible and answerable to the common man of the society, in the matters of environment and pollution. 'Pollution Accounting' is as good as financial accounting. It reflects the activities of business in relation to environment and pollution. It records, also, the role of government and it's agencies. should also be recorded under liabilities. Any legal case, pending or over, in relation to pollution and any ongoing investigation, by government agencies, related to environmental degradation should also be recorded. The data must be provided 'The assets', in 'Pollution Accounting", must include the internal and external activities of the business aimed at improving the environment and curtailing the pollution. It must reflect the tangible and intangible benefits of the pollution control activities. The asset side should also include any proposal, to be taken up by the business, to improve the environment. The data must be provided in 'real' as well as in monetary terms.