Definition: Receipts from by-products products of environmenta...

Category: Environment

Sometimes Environmental Protection activities produce by-products that have an economic value. These could either be sold and generate revenues, or be used internally and lead to reductions in costs. Examples include energy generated or material recovered, as a result of waste treatment. There should always be a specific Environmental Protection activity (and expenditure) that these receipts stem from. Receipts from by-products is the sum of the sales value and the value of the cost-saving (if used internally) related to these by-products.
Energy or material savings due to more efficient processes and other productivity gains resulting from Environmental Protection activities are not to be included as Receipts from by-products.