by Richard Mattison, Chief Executive Officer, Trucost
2016 was undoubtedly a year of change. Aside from major political shifts (in the US and the UK), there were also significant shifts in climate action. The implications of the Paris Agreement at COP21 filtered through to both businesses and investors, leading to a number of breakthroughs in policy and behavior.
However, the fundamental fact is that we are still consuming natural capital — the limited stock of natural resources on which business and society depend for well-being, security and prosperity — at an alarming and unsustainable rate. Nearly half of the world’s 1,200 largest companies would be unprofitable if they had to pay their fair share of the $3.4 trillion environmental and social costs of their resource consumption and pollution in 2015.