As the US accounting scandals mushroom and reveals the vagarities in corporate revenue financial reporting it seems corporate financial reporting of waste stream permit performance is a clearer indicator of whether a company is abiding by SEC financial reporting requirements or hiding financial debt.
Particularly if the federal government (US Environmental Protection Agency) is in a national campaign for publicly traded corporations to provide shareholders this information in their SEC financial filings to shareholders.
General Motors annually reports to shareholders corporate conformance with legal environmental requirements for wastestream permits and corporate environmental policies (including Carbon dioxide (C02) emission of greenhouse gases (GHG).
In an easy to read matrix with legal environmental indicies GM gives shareholders a financially transparent easy to read corporate environmental performance to shareholders in the annual corporate environmental health and safety performance report.
ie.Admininstrative and Judicial Matters
Number of Resolved Matters.......total value of penalties/fines paid
Clean Air Act (CAA)
Clean Water Act (CWA)
Resource Conservation and Recovery Act (RCRA)
Comprehensive Environmental Response Compensation and Liability Act (CERCLA)
Superfund Amendment and Reauthorization Act (SARA)
Toxic Substance Control Act
Atomic Energy Act (AEA)
Occupational Safety and Health Act (OSHA)
Hazardous Material Transportation
ie.Stationary Source C02 emissions
Mobile Source CO2
Total Greenhouse Gas Emissions in metric tons of CO2
Is it fair to say if other publicly traded corporations aren't providing shareholders a financial transparency of the same legal environmental indicies as GM reports on to its shareholders it raises a red flag on their overall SEC financial debt/depreciation reporting to shareholders?
Thank you for your consideration of my inquiry.
Member of the Society of Environmental Journalists