TCA Accelerator

🗞️ Read our newsletter to explore the top #TrueCostAccounting stories of 2024! 🔍 FAO’s second State of Food and Agriculture report focused on #TrueCostAccounting. 💡 Our Dialogue Series and Summit bringing together stakeholders across the world to discuss scaling implementation of TCA by 2030. 🌏 TCA reports, pilot projects and national policy progress. Read and Subscribe: https://lnkd.in/eJM9GEr9 Later this month we will be sharing details of interactive virtual events - these events will be a chance to connect with others in the TCA community and react to the themes that have emerged from our Dialogue Series on scaling TCA. We are eager to hear your thoughts and opinions!

Indian agriculture cannot succeed if soil health fails. India must consider #regenerativefarming as the way forward. We must evaluate and scale up #agroecological systems such as regenerative or #naturalfarming across India. The current regime of intensive agriculture - which relies heavily on chemical fertilisers that have led to the decline in soil health to alarming levels - is not an option. Sole reliance on such a wasteful, energy-intensive, fossil fuel-based agriculture system seriously risks India's food, nutritional and ecological security. We argue the case for India wide study to evaluate and adopt #regenerativefarming in The Indian Express article. Follow this initiative led by Dr Rajiv Kumar at Pahlé India Foundation (PIF). Reach out to know more about our project on evaluating #regenerativefarming across 15 Agro-climatic zones in India. The most comprehensive and India wide study to promote #naturebased #agroecological #climatereselient #netzero #smartagriculture #naturalfarming #regenerativefarming Stay tuned for more updates on this project and be part of this initiative in 2025! Federation University Australia Global Alliance for the Future of Food TCA Accelerator Lauren Baker Jenn Yates IKEA Foundation The Economics of Ecosystems and Biodiversity (TEEB) William Speller TMG Think Tank for Sustainability Pavan Sukhdev Satya S. Tripathi Iven Mareels Sustainable Food Trust Patrick Holden Adele Jones Alexander Müller Sara Farley Annelies Withofs Rythu Sadhikara Samstha Pushpam Kumar Duncan Bentley Dr Aditi Rawat

🌍🌾 Changing the Way We Measure Success: Exploring True Cost Accounting (TCA) Food is expensive, but the price we see at the checkout doesn’t tell the whole story. Hidden costs—impacting our health systems, environment, water, soils, and the livelihoods of farmers—often remain unaccounted for. True Cost Accounting (TCA) seeks to change that. By measuring and accounting for these hidden costs, TCA offers profound insights that could drive much-needed reform in our food systems. December 2024, I had the privilege of joining a regional dialogue on TCA, co-led by Cerasela Stancu, Professor Harpinder Sandhu, and Rosanna Crawford, which aimed to strengthen ties between Australia and New Zealand to bring TCA to the forefront. Key Takeaways from the Dialogue: ✅ TCA’s transformative potential: Encourages a shift toward sustainable food production benefiting the environment, health, and society. ✅ Current challenges: Methodological complexities, policy alignment, and data gaps in implementing TCA effectively. ✅ Opportunities for collaboration: Aligning efforts between Australia and New Zealand to refine TCA frameworks and integrate them into policies. ✅ Recognizing cultural costs: Highlighting the importance of integrating indigenous knowledge into food system decision-making. ✅ The role of stakeholders: Policymakers, businesses, farmers, researchers, and consumers all have a role in driving TCA adoption. As we discussed pathways for action, I was inspired by the vision of a food system where all costs—environmental, social, and cultural—are accounted for. This isn’t mainstream—yet—but the momentum is growing. Let’s prioritize our contributions to this transformative journey and reimagine the way we value our food systems. Sharing a snapshot of the engaging session to mark this meaningful dialogue! 📸 #TrueCostAccounting #Sustainability #FoodSystems #Collaboration #FutureOfFood

“If we are able to show at the board and the company level, basically, the financial materiality of doing all of this, then we're good to go”. On November 26, we held our second Dialogue on True Cost Accounting and the Private Sector, part of our Scaling Implementation Dialogue Series. Our workshop participants spoke candidly on challenges to scaling TCA in the private sector, and identified tangible steps to catalyze change. 💡 Read the blog to explore the discussion further! Thank you to our leads Martine Van Weelden and Priya Motupalli for their help designing and delivering this session. Visit our event site to read more about the Dialogue Series: https://lnkd.in/eiZs3qGT Sustainable Food Trust Capitals Coalition True Price Global Alliance for the Future of Food IKEA Foundation World Benchmarking Alliance Transformational Investing in Food Systems Impact Institute Agroecology Coalition Global Alliance for a Sustainable Planet UN Environment Programme GRACE Communications Foundation McKnight Foundation

Delighted to see Global Alliance for a Sustainable Planet's membership continuing to grow under the incredible leadership of Satya S. Tripathi and honored to serve on the impact advisory board chaired by Erik Solheim. Welcome to new members: Carbon Solutions Group Global Futures Education Green AI Institute TCA Accelerator The Peace Department MAHAPREIT ICRS | The Institute of Corporate Responsibility & Sustainability KDC Earth

We were delighted to host this Regional Dialogue with Harpinder Sandhu and Cerasela Stancu for Australia and New Zealand - part of our True Cost Accounting Dialogue Series and Summit. We are excited to see where this influential group of stakeholders go next - thank you all for attending. If you are interested in joining this working group and contributing to scaling implementation of TCA in Australia and New Zealand, please reach out to Harpinder and Cerasela.

Thank you to the participants of our latest Scaling Implementation workshop for sharing their experience and thoughtful insights. Key discussion points: 🌿 Collecting farm level data 🔎 What do we need to measure in TCA? 😵💫 Overcoming methods madness! 💰 Limits of monetary valuation We will be publishing a blog summarizing the workshop soon! Thank you to our workshop leads, Adele Jones, Salman Hussain UN Environment Programme, Claire van den Broek and Reinier de Adelhart Toorop.

🚨 Happening today!

🍽️ The Cost of Poor Diets: A $8 Trillion Burden globally 🌍 Unhealthy dietary patterns are behind a staggering 70% of the $12 trillion of the hidden costs generated by global agrifood systems. These hidden health costs reveal themselves through reduced productivity due to illnesses and the heartbreaking toll of premature deaths caused by non-communicable diseases. #SOFA2024, using #TrueCostAccounting, uncovered a startling insight: half of these health hidden costs stem from just three dietary risks—diets low in whole grains, low in fruits, and high in salt.

On Wednesday 4th December, our Founder and CEO Pavan Sukhdev gave a keynote address at "Nature Data for Institutional Investors", hosted by ESG Investor. Titled "Myths and Realities", the address righted some common misconceptions at the intersection of nature and biodiversity and portfolio management. ⁉️ Myth 1: "We need much more data!" ✅ Reality: For action towards ‘Nature Positive’, businesses do not have to measure “everything, everywhere, all at once”. They should measure their biodiversity footprint using top-rated methodologies, and disclose following TNFD and other frameworks. ⁉️ Myth 2: “We (investors/investees) must track the extent and condition of ecosystems!” ✅ Reality: Corporations should be responsible for measuring their pressures on nature, much as national agencies (supported by UNEP-WCMC, IUCN, etc) are responsible for measuring the state of nature and publishing as National Biodiversity Strategies and Action Plans (NBSAPs). Technology can be a powerful enabler to get high-quality NBSAPs published on time. ⁉️ Myth 3: “Proximity is the answer!” ✅ Reality: Proximity is an important part of the answer, but not the full picture. Significant indirect impacts of companies in most sectors exceed their direct impacts. ⁉️ Myth 4: “Nature Positive is all about regeneration!” ✅ Reality: Regenerating nature lost due to a company’s impacts on nature, as well as reducing the biodiversity footprint, are both valid ways for a company to become 'nature positive.' GIST Impact offers a comprehensive Climate, Nature and Biodiversity suite of solutions to empower meaningful insights and science-backed action. Learn more here: https://lnkd.in/evaZcafH