FoodSIVI: Food System Impact Valuation Initiative

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Global Alliance for the Future of Food | Syngenta | World Business Council for Sustainable Development | Yara International

Co-Is: Dr John Ingram, Dr Steven Lord

FoodSIVI was an initiative between academia, industry and civil society to create a standard for true cost accounting in order to accelerate food system transformation. 

The project's overall purpose was to work with other impact valuation and true cost accounting initiatives to help food system actors enhance food systems to become more sustainable, resilient and restorative, and to deliver better health outcomes.

The FoodSIVI team:

  • advocated for food system transformation through the internalisation of food's massive economic externalities
  • performed and promoted research
  • developed bids for collaborative research projects

Our work

The FoodSIVI team:

  • advocated for food system transformation through the internalisation of food's massive economic externalities
  • performed and promoted research
  • developed bids for collaborative research projects

Outputs

This report from examines food impact costing, and whether the way that carbon is costed in terms of social and abatement costs of carbon footprints can be adjusted to estimate the longer-term and externalised costs of food production, processing and consumption. The report recommends that a consortium of intergovernmental and institutional actors and experts in collaboration with the food sector process should compile, set and update shadow prices associated to food footprints.