Trucost is a company which makes estimates about the
hidden costs
In Microeconomics, microeconomic theory, the opportunity cost of a choice is the value (economics), value of the best alternative forgone where, given limited resources, a choice needs to be made between several Mutual exclusivity, mutually exclu ...
of
unsustainable
Sustainability is a social goal for people to co-exist on Earth over a long period of time. Definitions of this term are disputed and have varied with literature, context, and time. Sustainability usually has three dimensions (or pillars): env ...
use of natural resources by companies. Trucost was founded in 2000 and has its head office in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
. For the
United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between the United Nations Environment Program (UNEP) and the global financial sector to catalyse action across the financial system to align economies with sus ...
(UNEP FI) Trucost estimated the cost of
environmental damage
Environment most often refers to:
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* Natural environment, referring respectively to all living and non-living things occurring naturally and the physical and biological factors along with their chemical interactions that affect an organism ...
by the world's 3000 largest publicly listed companies in 2008 US$ 2.15 trillion.
S&P Dow Jones Indices
S&P Dow Jones Indices LLC is a joint venture between S&P Global and the CME Group, that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as the basis of in ...
acquired 1 October 2016 a controlling stake in Trucost.
Trucost
S&P Dow Jones Indices acquires Trucost
See also
*Full cost accounting
True Cost Accounting (TCA) is an accounting approach that measures and values the hidden impacts of economic activities on the environment, society and health. TCA is also referred to as full cost accounting (FCA) or “multiple capital accounting ...
Sources
{{Reflist
S&P Global Trucost
UNEP FI
Companies based in the London Borough of Tower Hamlets
United Nations Environment Programme