In the past, environmental management mainly focussed on the identification of ecologically oriented requirements made on enterprises by relevant stakeholders, on the developmentof related corporate strategies and also on the introduction of a corporate system of environmental management....

The management of the value of a firm requires the identification of important value drivers. The main objective of the paper is to find out whether value based management (e.g. shareholder value oriented management) has to take into account environmental aspects. In order to answer this...