{"id":11719,"date":"2012-06-21T23:37:18","date_gmt":"2012-06-21T21:37:18","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/corrected-update-1-accounting-for-pollution-likely-within-a-decade\/"},"modified":"2012-06-21T23:37:18","modified_gmt":"2012-06-21T21:37:18","slug":"corrected-update-1-accounting-for-pollution-likely-within-a-decade","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/corrected-update-1-accounting-for-pollution-likely-within-a-decade\/","title":{"rendered":"CORRECTED-UPDATE 1-Accounting for pollution likely within a decade"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Corrects paragraph 13 to say Puma&#8217;s Zeitz is chairman of the<br \/>\nboard, not chief executive)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Companies, countries plan to put nature on balance sheet<\/p>\n<p><span><\/span><\/p>\n<p>* Regulators, stock markets study ways to value pollution<\/p>\n<p><span><\/span><\/p>\n<p>* Fifty-seven nations agree to revise national accounting<\/p>\n<p><span><\/span><\/p>\n<p>* Resource losses seen trimming Global growth by 7 percent<\/p>\n<p><span><\/span><\/p>\n<p>By Jeb Blount<\/p>\n<p><span><\/span><\/p>\n<p>RIO DE JANEIRO, June 20 (Reuters) &#8211; Corporate and government<br \/>\naccounting will likely reflect environmental profit and loss<br \/>\nwithin a decade, thanks partly to progress made this week at a<br \/>\nU.N. conference in Rio de Janeiro, backers of the plan told<br \/>\nReuters on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Company accounting and calculations of gross domestic<br \/>\nproduct (GDP) are flawed because they fail to show governments,<br \/>\nconsumers and managers the true costs of their activities, said<br \/>\nPavan Sukhdev, a board member of U.S. environmental group<br \/>\nConservation International and a former Deutsche Bank AG banker.<\/p>\n<p><span><\/span><\/p>\n<p>The main reason is that accounting practices fail to account<br \/>\nfor the creation, use and degradation of air, water, trees, and<br \/>\nother &#8220;natural assets&#8221; in the same way they account for<br \/>\nfactories, credit and other assets, he said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Corrects paragraph 13 to say Puma&#8217;s Zeitz is chairman of the board, not chief executive) * Companies, countries plan to put nature on balance sheet * Regulators, stock markets study ways to value pollution * Fifty-seven nations agree to revise national accounting * Resource losses seen trimming Global growth by 7 percent By Jeb Blount [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11719"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11719\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}