07071 - Environmental Cost Statement
Project Member(s): Mitchell, C., Atherton, A.
Funding or Partner Organisation: Yarra Valley Water Ltd (Yarra Valley Water Partner Funds)
Start year: 2007
Summary: This project built on and extended existing frameworks for Sustainability Accounting. ISF prepared an environmental cost statement for Yarra Valley Water (YVW). We examined available costings for initiatives to achieve YVW s six environmental strategic objectives (both current and future), identified gaps in the data, and where possible estimated future costs. The project identified process improvements to obtain data in future years and to improve attribution of costs to achievement of objectives. The environmental cost statement provides a preliminary snapshot of the cost of YVW achieving its sustainability objectives. The project further developed tools for translating sustainability measures into a format that is understandable and meaningful to other sections of YVW s business and to the wider investment community.
FOR Codes: Land and water management, ISFRA-CORPORATE SUSTAINABILITY, Sustainability Accounting and Reporting, Urban and Regional Planning not elsewhere classified