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Is Your Company Actually Profitable or Just a Value Destroyer?
For decades, corporate financial statements have treated environmental destruction as an "externality"—a cost borne by society rather than the company. That era is ending. This episode explores the radical shift from simple carbon tracking to "everything else" accounting, where impacts on water, land, and human health are subtracted directly from a company’s bottom line. We dive into the controversial work of the International Foundation for Valuing Impacts (IFVI) and the "fungibility gap" that makes pricing local resources like water so difficult. From the "Value of a Statistical Life" to…
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