November 2013 – Leading companies recognise the need to identify and address externalities. This is one of the four commitments made by business in the Natural Capital Leadership Compact. This ground-breaking compact, designed by business leaders to properly value and maintain the Earth's natural assets, shows that leaders recognise that we are no longer living off the dividends of ‘natural capital’, but off the capital itself.
This document gives a summary of E.Valu.A.Te (Externality Valuation Assessment Tool), which was developed to deepen business understanding of how to undertake externality assessments. It consists of an interactive, online Tool and a Practical Guide. It uses step-wise, bottom-up guidance to lead companies through the process of externality valuation, focusing particularly on the agricultural supply chain.
Through a case-study approach, E.Valu.A.Te also shows how businesses can apply the results.
