The Research On The Comprehensive Benefits Of Companies' Environmental Protection Investment Of Our Country

Content :With the growth of economy of our country, the problem of environmental pollution and ecocide become more and more serious. Communist Party of China's 16th meeting put up the theory of development, which should be built on science and harmony. Protecting environment is also columned for our country's basic policy. With science and technology level improved gradually, our governments take renovating the environmental contamination seriously. As the important and chief participator, companies should set up stable consciousness about environmental protection, and attach importance to environmental protection investment.This paper illuminated some fundamental conceptions about environmental protection investment, and analyzed the comprehensive benefits of company's environmental protection investment, which based on 70 public companies'financial statements of the first half of 2008. These companies included iron and steel industry, paper making industry and electric power industry and so on, which all belong to the serious degree contaminating industry. The last part of this paper gave some advices about how to improve the comprehensive benefits of environmental protection investment of our country. The main conclusions in the paper are as follows:(1) Comprehensive benefits of environmental protection investment includes economic benefit, environmental benefit and social benefit. In these benefits, economic benefit is the part which companies pay more attention to. The direct purpose of investment is to get environmental benefit, and achieve social benefit is the fundamental purpose.(2) Companies are the main parts in environmental protection investment, which should protect environment when producing and operating. They can't take the cost of damage to the environment to economic development. A harmonious relationship should be built during environment protecting and economy developing. By analyzing the financial statements of some companies which pollute environment seriously, we can see building and replacing environmental protection equipments and intangible assets are the main ideas. These are mostly reflected in the balance sheets. Companies increase the incomes and reduce costs by investing environmental protection, which could be the economic benefits. For the environmental benefits, not only the environmental pollution being controlled and resource being reused and saved, but also improve the producing and living surroundings. And the social benefits can be indicated by the changes in environment and the improvement of living conditions of people.(3) Some suggestions to promote the comprehensive benefits:①Having the correct treatment to economy and environment and developing the circular economy.②Our country should create the Environmental Protection Fund to achieve the economy of scale.③Raise the standards of sewage charges by using administrative measures.④Companies should put more efforts to environmental protection and adjust the direction of environmental protection investment.⑤Companies should expand the scope of environmental protection investment, and achieve comprehensive benefits.⑥Companies should reveal more detail information about environmental protection investment for performance evaluation.