Incorporating information on environmental costs into a comprehensive model helps to predict and manage environmental costs and liabilities. Identifying the drivers of environmental costs helps to focus efforts to reduce these costs.
In addition, having a structured process to calculate environmental liabilities generates a reliable estimate of a provision to be disclosed in financial statements.
Environmental cost models can be developed for any situation and be customised for sectors or clients. Some of the models developed by ESS include:
- Environmental Liability Costing Model for the Department of Defence
- Comparative Risk Analysis Model for the Department of Defence
- Foundry Material Loss Model for the foundry industry
- General Landfill Closure Costing Model for general landfills