We raise awareness of the potential for food system transformation from internalising food’s massive economic externalities
Impact valuation in the food system means accounting for the true costs and benefits of food system activities beyond their financial value.
Internalising costs and benefits through improved products and practices, information, and intervention can lead to a significant contribution to food system transformation and be a significant opportunity for leading companies.
Internalisations as market corrections requires synergy between a triad of food system scientists, economists and food system actors in the form of business, government, financers and civil society. A network is needed to bring the triad closer together to realise economic corrections. Investment can enable the community to develop and promote measures for economic correction of food system impact at scale. FoodSIVI, and its annual Oxford Meeting on Food System Impact Valuation, exists to build this network and provide a focus for investment.