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True Cost Accounting for Food Systems: Redefining Value to Transform Decision-Making

  • Calendar July 27th, 2021
  • Time 17:30

This UNFSS Pre-Summit Parallel Session is a follow-up to the Independent Dialogue ‘True Cost Accounting for Food Systems: Redefining value to transform decision-making’ and is co-convened by the UN Environment Programme, the Capitals Coalition, and the Global Alliance for the Future of Food.

During this parallel session, we will present the outcomes of the Independent Dialogue and deepen the understanding of how and why governments, the private sector, civil society, and academia are using True Cost Accounting to assess the impacts and dependencies food systems have on natural, social, and human capital.

Addressing the interconnected crises of climate change, biodiversity loss, social inequities, and human health as interconnected challenges is essential. With a comprehensive understanding of the full system, decision makers can analyze complex scenarios to find solutions that benefit people and nature.

We invite you to join this event and the growing coalition that is bringing the value provided by nature, people, and society to the forefront of decision-makingign u.

Please click here to sign up.

Key proposed outcomes of session:
Strengthened common vision of how True Cost Accounting and redefining the value provided by nature, people, and society can improve decision making related to agriculture and food systems;
Recommendations for the Food Systems Summit to apply True Cost Accounting and assess the full value of environmental, social and human dimensions of food systems as systemic and cross-cutting levers to inform decisions;
A growing coalition to support the application of True Cost Accounting.
A shared vision recognizing the environmental, social and cultural value of our food systems and that these valuable contributions should not be priced or commoditized.

Benefit from the Coalition’s unique overview of the capitals approach and community, gain insights into the latest thinking and developments and receive newsletters and project updates.