Posts Tagged ‘Management Tool’

European Union Environmental Management Certification for Mövenpick Resort & Spa Dead Sea and Mövenpick Resort Petra

August 7th, 2009

European Union Environmental Management Certification for Mövenpick Resort & Spa Dead Sea and Mövenpick Resort Petra

Two Mövenpick Resorts in Jordan are the first hotels in the Middle East to be certified by the EU Eco-Management and Audit Scheme (EMAS)

EMAS is a management tool for companies and other organisations to evaluate, report and improve their environmental performance. The scheme has been available for participation by companies since 1995.

 Mövenpick Resort & Spa Dead Sea and Mövenpick Resort Petra have been piloting the EMAS programme since 2007 and were awarded certification in 2008 and 2009.

 During a recent conference of EU ambassadors in the Middle East and Southern Mediterranean held at the Mövenpick Resort & Spa Dead Sea, H.E. Tomas Dupla Del Moral, director for the Middle East and Southern Mediterranean at the European Commission, handed the official EMAS certificate to Bruno Huber, general manager and regional manager Jordan, Mövenpick Hotels & Resorts.

 Set on the northern shores of the Dead Sea at the lowest point on Earth, Mövenpick Resort & Spa Dead Sea is a deluxe resort built in traditional village style and offering luxurious rooms, a range of outlets, first-class meeting and leisure facilities featuring the renowned ZARA Spa.

 Located directly at the entrance to the historic city of Petra, the Mövenpick Resort Petra is certainly one of the most notable hotels in the Middle East. The Mövenpick Resort Petra is a modern 4 storey building just a few minutes walk from the main entrance to the famous Nabatean site of Petra. It offers the best accommodation in the region in terms of service and location. The 183 rooms are all well equipped with modern facilities and furnishings.




By: nour al saber

Green Accounting: Environmental Accounting?

August 1st, 2009

 

As we all know, businesses are formed to deliver services or produce products in order to earn a profit. In the 21st century accounting goes beyond the bottom line of black or red – – it includes “green”, too. With the growing green consumer awareness, companies are more than ever expected to align its business strategies with environmental initiatives. Environmentally conscious companies have already discovered that they can generate business strategies to help them reduce their carbon footprint, minimize their environmental impact, make the best use of natural resources, become more energy efficient, reduce costs, and exhibit social responsibility – all at the same time.

Companies who are ready to become an integral part of President Obama’s Green Economy through governmental initiatives will need to expand their accounting staff by hiring accountants who specialize in “green” or environmental accounting.

Green Accounting Definition

 

The term, green accounting, has been around since the 1980s, and is known as a management tool used for a variety of purposes, such as improving environmental performance, controlling costs, investing in “cleaner” technologies, developing “greener” processes and products, and forming decisions related to their business activities.

Green Management Accounting

 

According to the EPA, green or environmental management accounting is “the identification, prioritization, quantification or qualification, and incorporation of environmental costs into business decisions.” Green Management Accounting uses “data about environmental costs and performance for business decisions. It collects cost, production, inventory, and waste cost and performance for business decisions. It collects cost, production, inventory, and waste cost and performance data in the accounting system to plan, evaluate, and control.”

Environmental management accounting thus represents a combined approach which provides for the transition of data from financial accounting and cost accounting to increase material efficiency, reduce environmental impact and risk, and reduce costs of environmental protection.

Green or Environmental Accountants

 

Green accountants are held responsible to identify and track green costs often times working with site, research and development, and production managers when planning their budgets. In the past, such costs were buried in overhead preventing a clear picture of the cost savings and benefits to the product, process, system or facility responsible for the green initiatives.

Green accountants help management recognize that the tax benefits, rebates and lower costs of being environmentally friendly add up to a real bottom-line reward for doing the right thing.

“Public environmental, social and sustainability reporting is the main route through which corporate accountability and integrity can be demonstrated,” claims the London-based Association of Chartered Certified Accountants in its report, “Environmental, Social and Sustainability Reporting on the World Wide Web.”




By: Erik Johnson