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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.