ENVIRONMENTAL INDICATORS AS A TOOL FOR BALANCED ECONOMIC DEVELOPMENT

One of the priorities of the modern economy is the optimal use of natural resources in economic activity. This is because the organization and management of production has an impact on the environment, which in turn affects both the well-being of society and economic development. That is why the methodology and practice of public non-financial reporting is actively developing to reflect indicators related to the conservation and evaluation of natural resources, pollution control, waste management and recycling, and the creation of emission standards. Environmental indicators are an important tool for making sound management decisions aimed at harmonizing the economy and the environment. At present, despite the large number of methodical developments, there is no solid theoretical basis for the formation of environmental indicators that adequately characterize the interaction of business and the environment and are in demand at all levels of economic decision-making. The article clarifies the content, classification, system of indicators, methods of assessing environmental costs for use in management activities for deeper analysis, modelling and forecasting of economic phenomena and processes within the framework of the concept of sustainable development. The authors show approaches to the value assessment of man-made harm to nature, determined by the disproportionateness of natural and value indicators; lack of non-market goods, great uncertainty about true value; impacts from man-made impacts and long-term investment in environmental protection. Modern approaches to modeling and interpretation of results are summarized, as well as opportunities to develop new (improving) models for optimizing environmental costs. Areas of environmental performance analysis in existing management systems have been identified, in particular through the study of non-financial reporting, which is the basis for calculating resource utilization, environmental quality and sustainability.

Abstract licence: CC BY-NC

A person counts once a day per paper. We keep no cookie and no address: a reader is a hash that changes every day. Any month under five reads shows no number.