Entrepreneurial activities play an important role in a mixed economy. Incorporating the nowadays call for sustainable practices, enterprises cope with the evaluation of their efforts in the economic area as well as in the environmental area on their own. The method called Sustainable Value Added might very well solve this problem. It is based on the idea that enterprises actually create value when using environmental resources. However, opposite to the original idea, we do not think that environmental resources create the same value, never mind what resource we take. In this article, we propose the improvement of the original Sustainable Value Added arguing that the best for distinguishing various value creations is to weight the environmental resources according to their impact on environment. Based on an integrated analysis of the financial as well as environmental reports of selected German enterprises, we can conclude that when weighting environmental resources, enterprises performed worse than when simple averaged. However, the weighing reduces the risk of considering all resources to have the same impact on environment and on Sustainable Value Added results, as well.
Authors who publish with this journal agree to the following terms
that this article contains no violation of any existing copyright or other third party right or any material of a libelous, confidential, or otherwise unlawful nature, and that I will indemnify and keep indemnified the Editor and THE PUBLISHER against all claims and expenses (including legal costs and expenses) arising from any breach of this warranty and the other warranties on my behalf in this agreement;
that I have obtained permission for and acknowledged the source of any illustrations, diagrams or other material included in the article of which I am not the copyright owner.
on behalf of any co-authors, I agree to this work being published in Creativity Studies as Open Access, and licenced under a Creative Commons Licence, 4.0 https://creativecommons.org/licenses/by/4.0/legalcode. This licence allows for the fullest distribution and re-use of the work for the benefit of scholarly information.
For authors that are not copyright owners in the work (for example government employees), please contact VILNIUS TECH to make alternative agreements.
