Some things are a matter of personal taste, but the only way to figure out how damaging or beneficial companies are to people and planet is to put a price tag on impact. Some people have started doing it – and the findings are striking.
OPINION: Coca-Cola did $3bn-worth of environmental damage in 2019, and the negative health impact of Danone’s products was nearly $8bn, reveals a new accounting approach. The time is up for self-serving, inaccurate ESG reporting.
INTERVIEW: Putting a price tag on a company’s social and environmental impact is the only way to demonstrate its true profit and loss, believes Sir Ronald Cohen, who is now focusing on driving forward the next accounting revolution.
Head of Harvard Business School’s Impact-Weighted Accounts Project sets out his vision for true impact transparency as he emphasises that existing sustainability accounting approaches focus too much on risk.
Influential global group warns ambitious climate and social targets will not be met without much more private capital, and sets out “actionable” recommendations to get there, in what chair Nick Hurd describes as a “radical” and ambitious report.
Support to social investment in the UK began in earnest just over 20 years ago. As efforts to expand the market continue unabated, what can we learn from two decades of experience – and what questions should we be asking now?
Nick Hurd, Ronald Cohen and Elizabeth Corley are joined by Douglas L Peterson of S&P Global in new Impact Taskforce which aims to emulate “rocket booster” effect of UK’s last G7 presidency on impact investment worldwide.