Question

what kinds of metrics (unit of measurement) were used in PUMA's environmental profit & loss account? How do these compare to metrics used in traditional P & L statements?

Answer 1

PUMA is one of the planet’s leading Sport lifestyle companies that depict and evolve footwear, attire, and accessories. An Environmental Profit & Loss Account is a way of put down a financial worth on the environmental effects along the whole supply chain of a specific organization. The E P&L calculates and checks both depletion in ecosphere favor and rise in ecological impacts, which happen as a consequence of PUMA’s working and supply chain undertaking. It changed its traditional profit and loss statement because PUMA’s Environmental Profit and Loss Account (E P&L) was depicted to assist and control many risks, while at the same time improving our center in chasing of innovative and continuous firm chances. The E P&L gives the following benefits to our business: Strategic tool, Transparency tool, Risk management tool. A broad international hunt for current methodology discloses essential growth in the theory area of environmental economics and ecosystem evaluation, many requests in the public sector, and some encouraging task in the private sector. So no single methodology was begun, which could take the firm and supply chain-broad sight of the environmental area that we seek.