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Puma issues environmental P&L.

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Vincent
PositionUpdate - Property and liability - Brief article

Sports firm Puma has become the world's first major corporation to publish the cost of its impact on the environment.

The company's groundbreaking environmental profit and loss account provides an economic valuation of the environmental impact caused by greenhouse gas emissions and water consumption along its entire value chain.

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It revealed the combined cost of the carbon it emitted and water it used in 2010 was [euro] 94.4m ([pounds sterling] 82.8m).

Speaking at the launch of the P&L account in London, CEO Jochen Zeitz said the move would give the organisation a better view of its environmental impact, which would in turn allow it to improve its future performance.

"Sustainability is essential to the health and future of our business," he said.

"The...

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