Incorporating Co-Benefits and Environmental Data into Corporate Decision-Making

France Guertin, Thomas Polzin, Martha Rogers and Betsy Witt

No 274842, 2018 Annual Meeting, August 5-7, Washington, D.C. from Agricultural and Applied Economics Association

Abstract: This case study deals with The Dow Chemical Company’s (Dow) decision on how to restore a greenbelt area with historical issue that borders a brownfield property owned by the city of Midland, Michigan. Dow has a stated goal to apply a “business-decision process that values nature” and to deliver $1 billion in “value through projects that are good for business and good for ecosystems.” In line with this goal, Dow wanted to restore the greenbelt area by enhancing habitat and ecosystem services to Dow and Midland in a way that was also beneficial to the company’s bottom line. This case study presents three alternative restoration designs along with detailed financial cost and environmental data for each design. Students perform cost-benefit analysis, highlighting potential differences between how costs are calculated in a public setting relative to a private setting. In addition, students assess how the inclusion of important non-financial environmental data may be used to inform decision making.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 18
Date: 2018-08
New Economics Papers: this item is included in nep-agr, nep-env and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/274842/files/C ... ectedGuertinEtAl.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea18:274842

DOI: 10.22004/ag.econ.274842

Access Statistics for this paper

More papers in 2018 Annual Meeting, August 5-7, Washington, D.C. from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().