9 years ago
New UN report finds almost no industry profitable if environmental costs were included
The report found that when you took the externalized costs into effect, essentially NONE of the industries was actually making a profit. The huge profit margins being made by the world’s most profitable industries (oil, meat, tobacco, mining, electronics) is being paid for against the future: we are trading long term sustainability for the benefit of shareholders. Sometimes the environmental costs vastly outweighed revenue, meaning that these industries would be constantly losing money...
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Natural Capital At Risk: The Top 100 Externalities of Business
Trucost has undertaken this study on behalf of the TEEB for Business Coalition. Findings of this report build on TEEB’s The Economics of Ecosystems and Biodiversity in Business and Enterprise and the World Business Council for Sustainable Development’s Guide to Corporate Ecosystem Valuation.
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