Pioneer in Green Accounting
Chemical was the first Taiwan company to establish an environmental
cost system. The company put the system in place between August 1998
and November 1999, and it instituted its first amendment of the system
in July-September 2000. The environmental cost accounting system now
used was amended at the end of 2002. The foremost objective of
Everlight Chemical in adopting an environmental accounting system is to
conform to Criteria Governing Information to be Published in Annual
Reports of Public Companies, which
mandates providing environmental protection-related information. The
secondary objective is to provide reference information for
decision-makers in mapping out corporate strategies and to clearly
distinguish environmental costs from ordinary costs. Thirdly, a green
accounting system can ultimately help to reduce environmental-related
costs and create further benefit for the company.
focus of an environmental accounting system is in recording, compiling
and disclosing a company's environment protection-related costs,
activities, budgets, and achievements.
environmental accounting system is based primarily on fiscal and
principles. The system reveals environmental costs and effects, and it
enables further assessment of such costs and effects as related to
environmental activities. The design and content of the system call
for clearly categorizing the company's environmental activities, and
defining the types and names of these activities (40 types have been
set forth preliminarily) and classifying these activities into six
categories. At the same time, the company
has decided appropriate accounting principles to facilitate the
documenting, compiling and
displaying of environmental costs. Costs of activities that do not fit
into a specific category or that are related to decision-making are
evenly shared among the accounts.
positions itself as a high-tech chemical manufacturer and realizes the
reality of limited resources on earth and recognizes the importance of
Sustainable Development. As a member of the global community,
Everlight environmental policy states Conserve Earth Resources
and Conform to Environmental Regulation.
order to actualize this commitment, Everlight
Chemical has established the ISO
14001 Environmental Management System which emphasizes on intensive
educational program, full participation in process improvement, waste
minimization and development of waste treatment technologies.
Chemical has been certified by DNV and became the first
chemical company in Taiwan to have ISO 14001 certification.
Pioneer in Environmental Accounting - Everlight Chemical
Excerpt: MOEA’s Department of Investment
Services’s “Responsibility and Profit: CSR Strategies of