ISO RELEASES NEW ECO-COST ACCOUNTING STANDARD
April 1st, 2012
BY KEITH NUTHALL
THE INTERNATIONAL Organization for Standardization (ISO) has released a new material flow cost accounting standard designed to improve the environmental management of companies. The idea, said ISO, is to "trace and quantify material input and output flows and stocks within an organisation...identify material and energy use practices, and understand these in costs and physical terms. The information can then be applied to reduce losses and increase gains."
ENDS
THE INTERNATIONAL Organization for Standardization (ISO) has released a new material flow cost accounting standard designed to improve the environmental management of companies. The idea, said ISO, is to "trace and quantify material input and output flows and stocks within an organisation...identify material and energy use practices, and understand these in costs and physical terms. The information can then be applied to reduce losses and increase gains."
ENDS
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