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The costs of making sure that a company’s activities do not damage the environment or that any such damage is put right. There are many types of environmental costs and these are often difficult to identify as they are hidden in overheads. Measuring environmental costs is now an important issue for many companies, as national regulations become more stringent and penalties or fines more severe. It is useful to classify environmental costs into four categories:
See also cost of quality.
Subjects:Social sciences — Business and Management
Reference entries
environmental costs
in A Dictionary of Accounting(4)Length: 247 words
environmental costs
in A Dictionary of Business and Management(5)Length: 246 words