Assessment of Environmental Costs Eco-Efficiency: The Case of a Filling-Station

Abstract

Assessment of eco-efficiency for environmental costs is specific in that majority of the costs provide social rather financial benefit, and only some of the costs could be viewed from both social and financial perspectives. The model for assessment of environmental costs of a filling-station and the methodology for its application developed, with the methodology verified by analysis of analytical data of an actual enterprise is presented in this research. Application of the model to filling-station N proved that filling-station operations are associated with high environmental risk and should therefore be subject to respective management with particular focus on preventive measures. This has revealed the specific aspect of assessment of eco-efficiency of environmental costs of fillingstations: assessing financial efficiency of these costs is simply impossible in many cases

Flexibility and Resilience in Corporate Decision Making: A New Sustainability-Based Risk Management System in Uncertain Times

“…Including environmental risk within the company's strategy represents a cost for the company (cost of investments, cost of technologies, cost of the change in the objective of the production process, cost of modernization, etc.) (Stončiuvienė et al 2019 ). However, the environment can generate a competitive advantage in terms of business processes because, on the one hand, it eliminates waste and inefficiencies, reducing emissions or the cost of waste disposal (D’Adamo et al 2019 ; Wang 2019 ) and on the other, environmental management within business strategies stimulates the innovative potential of managing directors, pushing them to make a series of investments that, without the pressure of the environmental variable, they would not have decided to make (Ervin et al 2013 ).…”