Marking

Title

Calculation formula, units of measurement, definition

General notations

LT, EE, LV

Lithuania, Estonia, Latvia

-

Dependent variables

NP

Net profit

Profit before Taxes − Corporate Income Tax

Independent variables

IEP

Investing in environmental protection

Investments by companies to reduce direct pollution, protect the landscape and biodiversity; running costs of environmental protection and monitoring systems. This does not include expenditure on activities which, regardless of the environmental benefits, primarily meet technical needs or internal hygiene or safety and security requirements of the enterprise or other institution, and excludes expenditure on the use of natural resources, such as drinking water.

CO₂

Greenhouse gas emissions

Annex A of the Kyoto Protocol to the United Nations Framework Convention on Climate Change refers to the following gases: carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulfur hexafluoride (SF6) in Annex A to the Kyoto Protocol to the United Nations Framework Convention on Climate Change, and nitrogen trifluoride (NF3) since 2012. This is referred to as a greenhouse gas because its amount in the atmosphere is rapidly increasing due to human economic activity.