presents powerful and compelling evidence that food systems transformation is possible and having an impact now. Conducted by TMG Think Tank for Sustainability, an inclusive and true cost evaluation approach is applied to six food systems initiatives featured in the Beacons of Hope series to understand the breadth and depth of their positive impacts. True Cost Accounting (TCA) is an innovative tool that provides a holistic understanding of the relationships between agriculture, food, the environment, and human well-being.Using TCA enables us to see the significant monetary and non-monetary benefits sustainable food systems have on issues like public health, biodiversity conservation, climate, workers’ rights, cultural diversity, and gender empowerment. It also demonstrates how TCA can be used for a variety of organizations — from businesses, farmer cooperatives, food banks, research facilities, and more — as a systemic approach to assess, measure, and value the positive and negative impacts of food systems.
The analysis is grounded in multiple capitals-based approaches, accounting for food systems impacts on the environment (natural capital), society (social capital), people (human capital), and the economy (produced capital).
Related: Presentation of the report by Ruth Richardson (Global Alliance for the Future of Food), Canada
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