commiss recommend recognit measur disclosur environment issu annual account annual report compani notifi document number ec commiss european commun regard treati establish european commun articl ec regard fourth council direct eec juli base articl treati annual account type compani amend direct ec regard seventh council direct eec june base articl treati consolid account amend direct eec commiss publish action programm environ quot sustain quot rang propos area environment protect commun initi area account initi relat primarili wai mean compani report financi aspect relat environ enhanc attent financi aspect contribut achiev goal programm ensur environment expenditur risk account increas compani awar environment issu commiss adopt commun sixth action plan environ final januari amsterdam treati recognis kei element promot sustain develop articl ec treati principl integr environment requir polici view object cardiff european council endors strategi integr environment object commun polici action strategi confirm develop vienna european council invit intern market council integr achiev domain commiss adopt commun singl market environ june intend contribut make environment singl market polici mutual support reinforc whilst time develop synergi commun identifi specif singl market polici area commiss strive closer integr environment polici lai seri measur issu recommend environment issu financi report recommend direct follow novemb account advisori forum paper environment issu financi report document xv lack explicit rule contribut situat stakehold includ regulatori author investor financi analyst public gener environment inform disclos compani inadequ unreli investor compani deal environment issu regulatori author interest monitor applic environment regul cost nonetheless voluntari disclosur environment data annual account annual report compani run low level perceiv enterpris face increas environment cost pollut prevent clean equip wast clean monitor system enterpris oper sector signific impact environ absenc harmonis authorit guidelin relat environment issu financi report compar compani difficult compani disclos environment inform case inform handicap absenc common recognis set disclosur includ definit concept regard environment issu inform disclos varieti harmonis wai compani report period present integr consist manner annual account annual report cost collect report environment data sensit confidenti case inform frequent regard deterr factor disclosur environment inform financi statement compani argument elimin stimul provis environment inform user financi statement inform impact environment risk liabil financi posit compani compani attitud environ enterpris environment perform extent consequ financi health compani european legisl framework financi report explicitli address environment issu gener principl provis laid fourth seventh compani law direct appli direct eec eec part account strategi commiss seek integr european harmonis account field broader context intern account harmonis commiss lent support work intern account standard committe iasc turn set object develop core set high qualiti intern account standard iass commiss commit work maintain consist european union financi report framework intern account standard develop iasc iasc publish intern account standard lai provis account principl relev deal environment issu guidanc directli relat matter specif intern account standard sole focus environment issu recommend prepar view support polici link singl market contribut ensur user financi statement receiv meaning compar inform regard environment issu reinforc commun initi area environment protect commiss opinion justifi facilit harmonis disclos annual account annual report enterpris european union environment matter concern quantiti transpar compar environment data flow annual account annual report compani increas order achiev object increas import attach environment issu european union commiss aim clarifi exist rule provid specif guidanc subject recognit measur disclosur environment issu annual account annual report compani recommend recognis gradual develop separ environment report compani oper sector signific environment impact purpos recommend identifi reason underli trend recommend recognis group stakehold inform rank differ separ environment report satisfi inform stakehold group partial met inform provid annual account annual report enterpris aim make separ environment report annual account annual report consist cohes close purpos recommend promot aim ensur environment disclosur incorpor annual account annual report complement detail wide rang separ environment report disclosur consid kei factor facilit transpar inform disclosur affect user understand financi statement recommend intend establish unjustifi burdensom oblig prepar financi statement recommend aim provid comprehens guidanc area disclosur identifi relev disclosur compar consist environment inform present case disclosur note account environment expenditur charg profit loss account capitalis expenditur incur result fine penalti complianc environment regul compens parti paragraph section annex recommend disclosur annual report inform regard environment perform relev financi perform posit enterpris develop specif address paragraph section annex recommend recommend disclosur effect supplement workabl definit concept cover order meet object recommend includ section definit recommend aim present guidanc applic provis fourth seventh direct direct eec eec respect environment issu account treatment regard environment issu recommend order enhanc provis meaning inform prepar financi statement encourag solut approach aim elimin possibl appli altern treatment permit direct light account commiss interpret commun articl fourth seventh direct account novemb account advisori forum paper environment issu financi report document xv recommend take sourc refer intern account standard ia publish intern account standard committe iasc specif relev environment issu ia impair asset ia provis conting liabil conting asset ia intang asset provis contain recommend intend consist intern account standard state recommend influenc statement posit account financi report environment cost liabil prepar unit nation work group intern standard account report recit respons integr environment consider financi report guidelin develop commun intern level recommend build develop time seek provid suitabl commun framework improv commiss believ meet object recommend action member state commiss encourag leav scope member state measur nation level discuss wai improv present situat continu intern level recommend member state ensur account period commenc month date adopt recommend futur account period compani cover fourth seventh compani law direct direct eec eec appli provis contain annex recommend prepar annual consolid account annual report consolid annual report measur promot applic recommend notifi commiss measur brussel commiss frederik bolkestein member commiss oj oj oj oj oj programm revis european parliament council decis ec oj account harmonis strategi vi vi intern harmonis commun commiss novemb oj isar td isar march annex scope recommend limit inform provid annual consolid account annual report consolid annual report compani regard environment issu deal special purpos report environment report consid relat annual account annual report separ environment report view make inform content consist recommend cover requir recognit measur disclosur environment expenditur environment liabil risk relat asset aris transact event affect affect financi posit result report entiti recommend identifi type environment inform disclos annual consolid account annual consolid annual report regard compani attitud environ enterpris environment perform extent consequ financi posit compani recommend appli individu account consolid account case consolid account disclosur relat group requir recognit measur consist appli consolid entiti recommend appli compani cover fourth seventh compani law direct due regard exempt member state permit introduc small medium size compani accord articl fourth direct specif account requir bank financi institut insur compani dealt separ direct recommend appli bank financi institut insur compani financi implic environment issu type compani definit purpos recommend term environ refer natur physic surround includ air water land flora fauna renew resourc fossil fuel miner environment expenditur includ cost step undertak behalf prevent reduc repair damag environ result oper activ cost includ dispos avoid wast protect soil surfac water groundwat protect clean air climat nois reduct protect biodivers landscap addit identifi cost primarili intend prevent reduc repair damag environ includ cost influenc favour environ primari purpos respond instanc increas profit health safeti workplac safe compani product product effici exclud isol separ amount addit cost cost integr estim result amount fulfil condit primarili intend prevent reduc repair damag environ cost incur result fine penalti noncompli environment regul compens parti result loss injuri caus past environment pollut exclud definit discuss paragraph section annex whilst relat impact compani oper environ cost prevent reduc repair damag environ statist offic european union eurostat produc seri detail definit expenditur environment domain includ implement document council regul ec euratom decemb structur busi statist definit subject regular updat basi statist report requir environment protect expenditur european union gener definit paragraph recommend compani consider detail definit make disclosur environment expenditur state section annex extent consist recognit measur requir state section recognit measur recognit environment liabil environment liabil recognis probabl outflow resourc embodi econom benefit result settlement present oblig environment natur aros past event amount settlement place measur reliabl natur oblig defin type legal contractu enterpris legal contractu oblig prevent reduc repair environment damag construct construct oblig aris enterpris action enterpris commit prevent reduc repair environment damag discret avoid action basi publish statement polici intent establish pattern past practic enterpris enterpris parti accept respons prevent reduc repair environment damag past current industri practic result construct oblig enterpris extent manag discret avoid action occur enterpris accept respons prevent reduc repair environment damag publish specif statement establish pattern past practic environment damag relat enterpris caus enterpris legal contractu construct oblig rectifi damag extent qualifi recognis environment liabil enterpris annual account accord paragraph prejudic applic criteria set paragraph conting environment liabil environment liabil recognis reliabl estim cost deriv oblig made date balanc sheet oblig natur defin give rise outflow resourc embodi econom benefit uncertain amount date provis recognis provid reliabl estim made amount oblig treatment accord articl bb fourth direct uncertainti date amount relat evolv clean technolog extent natur clean requir rare circumst reliabl estim cost liabil recognis regard conting liabil mention paragraph conting environment liabil conting liabil recognis balanc sheet possibl probabl damag rectifi futur oblig confirm occurr uncertain event conting liabil disclos note annual account remot possibl enterpris incur environment expenditur expenditur materi disclosur conting liabil requir offset liabil expect recoveri enterpris expect expenditur relat environment liabil reimburs parti reimburs recognis virtual receiv enterpris settl oblig expect recoveri parti offset environment liabil separ shown asset balanc sheet amount exce amount relat provis offset environment liabil legal net enterpris intend basi provis net full amount liabil expect reimburs disclos note expect proce sale relat properti offset environment liabil account measur provis expect dispos close link event give rise provis enterpris liabl environment liabil enterpris portion record environment liabil recognit environment expenditur environment expenditur recognis expens period incur meet criteria recognis asset set paragraph environment expenditur relat damag occur prior period qualifi prior period adjust expens current period period recognis capitalis environment expenditur environment expenditur capitalis incur prevent reduc futur damag conserv resourc bring futur econom benefit satisfi condit laid articl fourth direct environment expenditur incur prevent reduc futur damag conserv resourc qualifi recognit asset accord articl fourth direct intend continu basi purpos undertak activ addit criteria met cost relat anticip econom benefit expect flow enterpris extend life increas capac improv safeti effici asset own enterpris excess origin assess standard perform cost reduc prevent environment contamin occur result futur oper enterpris criteria recognit asset laid paragraph met environment expenditur charg profit loss account incur met environment expenditur capitalis amortis profit loss account current futur period systemat expect econom life environment expenditur capitalis charg profit loss account give rise futur econom benefit situat occur environment expenditur relat past current activ restor environ pre contamin state treatment wast clean cost relat current oper activ clean damag incur prior period environment administr cost environment audit item plant machineri acquir environment reason technic instal pollut control pollut prevent order compli environment law regul meet criteria recognit asset laid paragraph capitalis case anticip futur econom benefit result environment expenditur futur benefit receiv asset enterpris oper environment expenditur recognis asset relat exist asset includ integr part asset recognis separ right item similar natur acquir connect impact oper enterpris environ patent licenc pollut permit emiss right accord articl fourth direct acquir valuabl consider addit meet criteria recognit asset laid paragraph capitalis amortis systemat expect econom live charg profit loss account incur asset impair environment develop factor exist fix asset impair case site contamin adjust made amount recover site declin carri amount situat context articl bb fourth direct regard perman amount adjust charg profit loss account accord articl fourth direct provis liabil charg defin paragraph set valu asset accord paragraph environment expenditur recognis integr part asset combin asset balanc sheet date test recover written recover amount carri amount asset take account loss econom benefit environment reason subsequ expenditur restor futur econom benefit origin standard perform capitalis extent result carri amount exce recover amount asset measur environment liabil environment liabil recognis reliabl estim expenditur settl oblig made amount liabil estim expenditur requir settl present oblig balanc sheet date base exist situat take account futur develop technic legisl occurr probabl occur amount estim full amount liabil irrespect date activ ceas liabil due settl gradual build full amount liabil period enterpris oper allow articl fourth direct estim amount environment liabil rule appli liabil measur involv outcom paragraph estim account extrem rare case determin estim liabil suffici reliabl liabil regard conting liabil exist disclos note annual account addit disclosur reason reliabl estim made measur amount environment liabil consider increment direct cost remedi effort cost compens benefit employe expect devot signific amount time directli restor effort post remedi monitor requir advanc technolog long probabl government author approv technolog provis site restor dismantl cost expenditur relat site restor remov accumul wast product closur remov fix asset compani oblig incur recognis accord criteria laid paragraph criteria met oblig incur futur expenditur account environment liabil accord paragraph environment liabil site restor remov closur recognis date compani oper start oblig aris recognit liabil delai activ complet site close liabil recognis estim expenditur includ part cost relat asset dismantl remov capitalis expenditur depreci part depreci amount relat asset addit damag caus oper compani oblig restor aris environment damag occur accord intern account standard paragraph case site restor dismantl cost long term oper account treatment laid paragraph prefer approach account treatment allow basi articl fourth direct gradual build provis cost option enterpris recognis long term decommiss cost period relat oper report period portion cost charg expens result balanc shown separ liabil discount long term environment liabil environment liabil settl futur measur present discount allow requir oblig amount time payment fix reliabl determin measur current cost discount estim cost accept effect time monei materi treatment measur environment liabil present method chosen disclos note expect cost incur base site specif plan clean remedi treatment contamin amount time payment base object verifi inform undiscount estim cash flow estim amount expect paid date settlement includ estim inflat comput explicit assumpt deriv clean remedi plan knowledg parti review comput concur estim cash flow enterpris discount measur environment liabil appli consist basi asset relat recoveri portion liabil measur discount basi discount addit liabil measur discount basi recover amount asset measur basi discount cash flow measur present requir determin discount rate inform factor affect time amount estim cash flow requir amount liabil review year adjust chang assumpt disclosur environment issu disclos extent materi financi perform financi posit report entiti depend item disclosur includ annual consolid annual report note annual consolid account paragraph deal disclosur item annual consolid annual report note paragraph deal present item face balanc sheet disclosur annual consolid annual report basi provis laid articl fourth direct articl seventh direct content annual consolid annual report compani environment issu relev financi perform posit undertak develop annual report includ descript respect issu undertak respons thereto inform provid fair review develop undertak busi posit extent environment issu directli affect purpos disclosur recommend polici programm adopt enterpris respect environment protect measur respect pollut prevent relev user annual report ascertain extent environment protect integr part compani polici activ applic includ refer adopt environment protect system requir complianc set standard certif improv made kei area environment protect inform object transpar manner record perform enterpris respect quantifi object emiss past year reason signific differ arisen extent environment protect measur ow present legisl result chang futur legal requir substanti enact implement process implement relev natur size busi oper compani type environment issu relev enterpris inform environment perform enterpris energi materi water emiss wast dispos inform usefulli provid mean quantit eco effici indic relev detail busi segment relev provid quantit data absolut term emiss consumpt energi water materi report period compar data previou report period figur prefer express physic unit monetari term understand rel signific evolut figur monetari term put relat item shown balanc sheet profit loss account compani issu separ environment report detail addit quantit qualit environment inform refer report environment report inform mention summari descript issu indic relev inform found environment report made inform provid separ environment report consist relat inform annual report annual account enterpris environment report subject extern verif process state annual report relev inform user annual report environment report object extern verifi data scope boundari report entiti prefer annual report separ environment report state environment report identifi extent correspond entiti report annual report report date period separ environment report prefer annual report disclosur balanc sheet provis shown balanc sheet caption quot provis quot accord articl fourth direct detail subdivis item prescrib articl layout balanc sheet profit loss account permit provid layout compli member state requir subdivis materi show environment liabil separ face balanc sheet materi separ disclos note account accord articl fourth direct articl seventh direct disclosur note annual consolid account conform provis fourth seventh direct inform disclos note descript valuat method appli method appli calcul adjust environment issu part disclosur requir articl fourth direct articl seventh direct extraordinari environment expenditur charg profit loss account accord articl fourth direct articl seventh direct disclosur detail caption quot provis quot disclos face balanc sheet line paragraph conting environment liabil conform articl fourth direct articl seventh direct includ narr inform suffici detail natur conting understood signific measur uncertainti make imposs estim amount environment liabil fact reason therefor disclos rang outcom addit requir fourth seventh direct disclosur provid note materi environment liabil descript natur indic time term settlement explan damag law regul requir remedi restor prevent step propos natur condit item suffici similar inform disclos aggreg manner amount cost estim base rang amount descript estim arriv indic expect law exist technolog reflect amount provid present method effect discount materi undiscount amount liabil discount rate disclos case long term site restor decommiss dismantl cost account polici compani gradual build provis paragraph section amount full provis requir cover long term cost provis regard disclosur environment expenditur charg profit loss account environment expenditur capitalis consider amount environment expenditur charg profit loss account basi amount calcul relev subdivis item enterpris identifi environment expenditur manner natur size busi oper compani type environment issu relev enterpris extent relev breakdown expenditur environment domain refer paragraph section extent reliabl estim amount environment expenditur capitalis report period applic disclos part amount concern relat expenditur aim remov pollut creation part repres addit expenditur adapt instal product process order gener pollut relat technolog practic pollut prevent extent relev breakdown capitalis expenditur environment domain refer paragraph section signific cost incur result fine penalti complianc environment regul compens paid parti result loss injuri caus past environment pollut disclos separ separ disclos extraordinari item whilst relat impact compani oper environ cost prevent reduc repair damag environ separ disclosur environment expenditur govern incent relat environment protect receiv entitl compani term item concern similar summari condit account treatment adopt disclos council direct decemb eec annual account consolid account bank financi institut oj council direct decemb eec annual consolid account insur undertak oj oj implement document env european classif environment protect activ cepa distinguish environment domain wast manag protect ambient air climat wast water manag protect soil groundwat protect biodivers landscap environment protect activ accord paragraph commiss interpret commun articl fourth seventh council direct account member state implement option contain articl fourth direct applic environment charg intern account standard paragraph requir discount effect time monei materi european commiss partner quot eco effici indic report quot project develop world busi council sustain develop project aim develop standardis eco effici indic quot core indic quot intend relev enterpris