Trucost is a company which makes estimates about the
hidden costs of
unsustainable
Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable livin ...
use of natural resources by companies. Trucost has been founded in 2000 and has its head office in
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
. For the
United Nations Environment Programme Finance Initiative (UNEP FI) Trucost estimated the cost of
environmental damage
Environmental degradation is the deterioration of the environment through depletion of resources such as quality of air, water and soil; the destruction of ecosystems; habitat destruction; the extinction of wildlife; and pollution. It is defin ...
by the 3000 largest public listed companies US$ 2.15 trillion.
S&P Dow Jones Indices
S&P Dow Jones Indices LLC () is a joint venture between S&P Global, the CME Group, and News Corp that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as th ...
acquired 1 October 2016 a controlling stake in Trucost.
Trucost
S&P Dow Jones Indices acquires Trucost
See also
*Full cost accounting Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs by collecting and presenting information about the possible environmental, social and economical costs and benefits or ad ...
Sources
{{Reflist
Trucost website
BBC, 12 October 2010: Nature's sting: The real cost of damaging Planet Earth
Companies based in the London Borough of Tower Hamlets
United Nations Environment Programme