Environmental Accounting
Environmental Preservation Costs and Effects in FY2007
Olympus conducts environmental accounting as a way of obtaining quantitative data on environmental preservation costs and related effects.
In FY2007, there were significant increases in environmental protection costs resulting from the replacement of air-conditioning and lighting systems to reduce energy consumption, and in research and development costs relating to the acceleration of efforts to bring more Olympus Eco-Products to market in Japan and overseas. Upstream costs were also substantially higher because of requirements under product-related environmental laws and regulations.
Calculation of Olympus' Environmental Accounting
Olympus adopts environmental accounting as the way of obtaining quantitative data on environmental preservation costs and related effects (the economic effects and environmental impact).
Olympus has thoroughly revised both the way of data collection and the system in accordance with the timing we updated the Guideline of Environmental Accounting (ver.2005). We are promoting Environmental Management through such way as using Environmental Accounting more effectively, enhancing discovery and commoditization of effective and efficient cases of Environmental Activities.
Olympus' environmental accounting method
1. Starting with the FY2004 portion, calculation is made with reference to the Environmental Accounting Guidelines (FY2005 edition).
2. Starting with the FY2004 portion, the proportions of cost and depreciation expenses that cannot be clearly separated into those for environmental preservation and those for other purposes are not calculated, and their totals are not included for the purposes of environmental accounting.
3. Among the economic effects accompanying environmental preservation, effects for which there is insufficient data to determine an estimated effectNote1
have been excluded.
Note 1: Estimated effect: Estimated profit and expense based on the calculation of the hypothetical results of environmental preservation activities carried out; for instance, the cost of avoiding environmental restoration expenses, avoiding the need for payment of compensation for damage from environmental pollution accidents prevented by capital investment, and expenditures to prevent environmental pollution
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