This chapter contends that environmental sustainability is a subject of great contemporary importance, but due to biases associated with traditional project appraisal approaches, projects that have strong environmental issues may be neglected. The chapter then presents a modified version of the pragmatic financial appraisal profile model by including an environmental assessment in the form of the ‘environmental score index.’ An illustrative case study is used to outline the important aspects of this new approach. The chapter concludes that this approach will help to fill a gap in the environmental investment literature, where there is a paucity of comprehensive, structured, and transparent methodologies that can prove acceptable to management decision-makers from a variety of functions and viewpoints.
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