16 May '11, 3pm

Puma Reveals ‘World’s First’ Environmental P&L Results

Puma has announced the first results of its Environmental Profit & Loss Account , valuing the greenhouse gas and water consumption impacts of the company’s operations and supply chain at €94.4 million ($133.5 million). The economic valuation of Puma’s environmental impacts, carried out by PricewaterhouseCoopers for GHG emissions and Trucost for water use, estimates the direct ecological cost of the company’s operations at €7.2 million. Another €87.2 million falls upon four tiers along the supply chain. The calculations estimated a value per tonne of CO2e at €66 and an average water value of €0.81/ m3. Puma and PwC described the EP&L statement as a global first. The company had revealed its intention to create an EP&L less than two months ago. “Fundamentally, this analysis is about risk management for the environment, and for business, because you cannot separate the two,” ...

Full article: http://www.environmentalleader.com/2011/05/16/puma-reveal...

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