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There is an increasing link between financial performance and
environmental management and related risk. This link is driven
by various developments, including:
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More stringent
environmental regulations and enforcement
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Greater public
awareness and dissemination of information (the so-called
CNN World)
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Greater value
attached to corporate image and “license to operate”
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Society’s demand
for greater corporate social responsibility, including
environmental.
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Significant
growth in socially responsible investment (SRI)
There is often a disconnect between environmental and financial
management. Financial managers typically do not appreciate the
risks and financial implications associated with poor or
reactive environmental management, while environmental managers
do not always fully appreciate the economic imperatives that
determine the viability of a corporation or other business
entity.
The integrated environmental and financial service offered by
CES assists in bridging the link between environmental and
financial management. Alan Carter holds a PhD in environmental
science and is a Certified Public Accountant in the USA
(licensed in Texas) with over 10 years of environmental finance
and accounting experience with large international corporations
both in South Africa and in the USA.
His experience has included:
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Eight years
experience with Big Four accounting firms in South Africa
and in the USA
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Worked as a data
analyst on the London Stock Exchange.
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Managed financial
audits for numerous private and listed companies both in
South Africa and in the USA.
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Evaluated and
verified the environmental assets and liabilities for
financial reporting purposes in terms of Generally Accepted
Accounting Practice (GAAP) for large multinational companies
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Involved in the
determination of the historical cost element of
environmental remediation insurance claims for a number of
large multinational companies.
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Evaluated the
environmental budgeting process for the US Army and provided
best practice guidance for improving the process.
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Determined
financial feasibility for a number of development proposals
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Presented a
number of papers on issues relating to environmental finance
and accounting
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