Why current market mechanisms don’t reflect the true cost of food

Libby Bernick, managing director of Trucost Corporate Business, S&P Global, discusses with Innovation Forum’s Ian Welsh the changing business models required to truly capture the value of food, and the role of better data management in solving this. She argues for taking total environmental and social costs of commodities into account – something that investors are increasingly asking for. Lenders, too, are keen to reflect environmental and social performance when pricing finance, Bernick says.