ADDED SHAREHOLDER VALUE THEORUGH ENVIRONMENTAL MANAGEMENT

This article considers the development of environmental indicators in railway networks worldwide, to promote economic growth which will benefit shareholders. In the last decade most railway companies established an environmental management system. This development in the rail sector revealed the need for a common set of clear and easily measurable environmental indicators and a working group of the International Union of Railways was set up to develop this. Definitions of five key indicators (share of renewable energy, energy consumption, carbon dioxide emissions, noise exposure and land take) were made with explanations on their production and use. Managing environmental performance has become economically as well as socially important. The most successful sustainability reporting framework has been the Global Reporting Initiative, from which the railway sector has developed its own indicators, to provide a standard base for policy-making. Privatisation of railway companies has encouraged accounting of all business assets, including sustainability, for the benefit of shareholders.

• Corporate Authors:

  International Railway Congress Association

  17-21 rue de Louvrain
  1000 Brussels,   Belgium 
• Authors:
  • Sagevik, M
  • KUPPELWEISER, H
  • ORSINI, R
• Publication Date: 2004-2

Language

• English

Media Info

• Features: References;
• Pagination: p. 6-13
• Serial:
  • RAIL INTERNATIONAL
  • Volume: 35
  • Issue Number: 2

Subject/Index Terms

• TRT Terms: Administration; Economics; Environment; Evaluation and assessment; Measurement; Railroad transportation; Sustainable development
• ITRD Terms: 155: Administration; 255: Economics; 2455: Environment; 9020: Evaluation (assessment); 6136: Measurement; 1173: Rail bound transport; 2427: Sustainability
• Subject Areas: Administration and Management; Economics; Railroads;

Filing Info

• Accession Number: 00978120
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: Sep 3 2004 12:00AM