Office of Strategic Environmental Management
Note: EPA no longer updates this information, but it may be useful as a reference or resource.
EPA and the New York Society of Security Analysts (NYSSA) cosponsored a dialogue session on the use of EPA information in financial and investment analyses on June 19, 2008, at EPAs Region 2 offices in New York City.
Environmental, Social, and Governance Investing in Europe: A Review and Analysis (PDF) (97 pp, 1.14 MB) This report, dated April 2009 analyzes whether Europe is ahead of the United States in making environmental criteria a more standard part of investment analyses and decision-making. The report assesses the characteristics of European capital markets and the amount of money invested there using environmental criteria. It also examines who Europes major market participants are, what analytical approaches they use, and their major sources of information.
Summary of Financial Accounting Standards for Environmental Liabilities, Intangible Assets, and Climate Change Risk (PDF) (62 pp, 402 KB) This report, dated April 28, 2008, summarizes the financial accounting and reporting standards associated with the valuation of environmental liabilities, intangible assets, and climate change risk. It begins with a review of basic financial reporting concepts. Then it reviews major regulations, standards, and guidelines addressing environmental liability issues, including identification, analysis, and reporting. The final two chapters deal with the emerging issue of intangible asset valuation, with an emphasis on environmental issues and climate change risk.
Financial Market Incentives for Environmental Management Systems (PDF) (39 pp, 479 KB) This December 2006 report examines whether insurance, bond, and equity market participants value Environmental Management Systems (EMSs). An EMS is a set of processes and practices that enable an organization to reduce its environmental impacts and increase its operating efficiency. The report also includes an appendix summarizing the published literature on the influence of environmental management and performance on corporate financial success.
Investor Resources and Influential Voices (PDF) (4 pp, 117 KB) This brief memorandum, dated Aug. 31, 2005, identifies and describes a number of industry and professional organizations representing the banking, corporate finance, risk management, and investing professions. It also provides information on several journals serving the interests of these professions.