New report identifies best ways to measure a company’s impact on environment

A new report produced by the Network for Business Sustainability (NBS) is aimed at helping senior executives and decision-makers new to sustainability find the best way to measure and value their company’s impact on the environment. Called Measuring and Valuing Environmental Impacts, the report also identifies the pros and cons of the most common tools, enabling managers to select among them depending on their specific needs.  

Growing public awareness of environmental issues and increasing government oversight have motivated companies to measure their environmental impacts, but this interest has also contributed to the proliferation of tools available to measure such impacts. Managers can become confounded by the vast array of options.

“This report is a high-level guide that recommends tools and additional resources for measuring and valuing environmental impacts, including an actionable four-step process,” explains Dr. Tima Bansal, executive director of NBS and a leading researcher in the area of business sustainability.

Measuring and Valuing Environmental Impacts is a condensed version of NBS’s systematic review of the entire body of research on measuring and valuing environmental impacts, synthesizing data from 180 studies and 20 tools.

The Network for Business Sustainability is a Canadian not-for-profit organization that connects thousands of researchers and business leaders worldwide, with the goal of creating new, sustainable business models for the 21st century. NBS receives funding from the Social Sciences and Humanities Research Council of Canada, the Richard Ivey School of Business at The University of Western Ontario, the Université du Québec à Montréal (UQAM), and industry partners.

For more information, or to access the report, visit http://nbs.net/knowledge/impacts/.