Tag: environmental management

Environmental Practices Affect Stock Values

A new report has found that utilities with the best environmental practices have higher values on the stock market. The Great Lakes Radio Consortium’s Karen Kelly reports:

Transcript

A new report has found that utilities with the best environmental practices have higher values on
the stock market. The Great Lakes Radio Consortium’s Karen Kelly reports:


The New York-based financial research firm Innovest found a correlation between sound
environmental management and strong financial performance among companies.


The firm compared 26 utilities on environmental factors such as toxic releases.


Researcher Carla Tabossi says they found the companies with the highest environmental scores
outperformed others on the market.


“The environmental quality of corporations turns out to be a very good proxy for the overall
management quality of firms, which happens to be the primary determinant of stock market
performance.”


Tabossi has also found that a growing number of asset managers are considering environmental
issues when constructing investment portfolios.


For the Great Lakes Radio Consortium, I’m Karen Kelly.

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Will Environment Be on Back Burner?

Some environmentalists are concerned that the terrorist attacks on September 11th will hurt the environmental movement. The Great Lakes Radio Consortium’s Jonathan Ahl reports:

Transcript

Some environmentalists are concerned that the terrorist attacks on September
11th will hurt the environmental movement. The Great Lakes Radio Consortium’s Jonathan Ahl reports.


Tom Lowe is a professor of environmental management at Ball State University in
Munice, Indiana. He says the reaction to the attacks could lead to bad decisions that would devastate the environment down the road.


“If we continue to spoil the environment, the tragedy of 9-11 is going to be amplified many times by what is going to happen with the environmental impact of global warming and other kinds of problems.”


Lowe says one example is drilling for oil in the Arctic National Wildlife refuge. He says national security interests may push for that now, even though it will be damaging in the long run. For the Great Lakes Radio Consortium, I’m Jonathan Ahl.