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The world’s largest companies depend on natural capital for their operations yet cause trillions of dollars in environmental costs each year that are not accounted for, new research from S&P Global Sustainable1 finds. Companies in the S&P Global Broad Market Index were responsible for $3.71 trillion in unpriced environmental costs across their direct operations in 2021 — equal to more than 4% of global GDP that year. The report, produced with support from the Capitals Coalition, examines the unpriced environmental damage costs across 30 sector groups and finds that 92.5% of the total costs come from just six sector groups — fossil fuel electric power generation, manufacturing of primary materials, mining and quarrying, transportation, crop cultivation, and livestock production. 🔎Read the report here: https://okt.to/EwSlkI #EnvironmentalCosts #NaturalCapital #SustainableFinance #CorporateImpact #CorporateResponsibility #Manufacturing #Mining #utilities #SustainableAgriculture #Transportation Esther Whieldon Matt MacFarland Alasdair Wilson Georgina Mattiacci Rosanna Brady Oliver Goodearl MSc (Hons)

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