True Cost Accounting – Private Section/Business Groups
An expanding network of sustainability-minded businesses in India looking to focus development in sustainable resource use.
Inspired by Lester Brown and the increasing interest in B (Benefits) Corporations. Legal in much of the US and growing around the globe, B Corporations hold a mission to maximize community and environmental benefits while minimizing the negative impacts. The B Team formed in 2013 to bring civil society groups and business leaders together to create structures that foster sustainable business development and place earth and people along-side profits as primary business motivators.
Their work is focused on defining and creating valuations for natural capital and incorporating these new parameters into business planning and development.
Based in London, this organization does environmental consulting and provides data to businesses, investors, researchers and policy makers who wish to understand and reduce the environmental costs of business decisions. They have become a leading source for data that measures the cost of environmental damage and resource depletion by companies around the globe. They help to integrate this knowledge into both global relief work and sustainable business opportunities and have taken a leading role in helping businesses develop Sustainability Reporting Frameworks, including: the Global Reporting Initiative (GRI) standards; the Sustainability Accounting Standards Board (SASB) standard; and, Integrated Reporting (IR).
In Oct 2015, they published Natural Capital Impacts on Agriculture; Supporting better decision making. This is an evaluation of all the environmental costs and impacts for crops and feed production, starting at the farmgate and tracing back through the upstream flow of inputs.
In October 2016, controlling interest in TruCost was purchased by the S&P Dow Jones Indices to better inform investment decisions going forward.
A comprehensive review of full cost accounting methods and their applicability to the automotive industry. This report proposed a Sustainability Assessment Model (SAM) for the automobile industry to address mitigation issues around their impact on society and the environment.
A film by Deborah Koons Garcia, “The Future of Food” examines the complex technology and consumer issues surrounding major changes in the food system today — genetically engineered foods, patenting, and the corporatization of food — in terms the average person can understand. It discusses part of the complexity facing our food choices in the marketplace today.
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