Making the “true costs” visible In the sustainability debate, one question is increasingly taking center stage: How can the hidden ecological and social costs of products be measured and communicated? This is precisely where the concept of true cost accounting (TCA) comes in: It supplements business costs with social and ecological external effects that have not previously been taken into account in market prices. Some European retailers have tested how TCA can work in practice in pilot...

How life cycle assessment and true cost accounting strengthen companies in the context of current EU regulations Companies today are facing fundamental change: transparency regarding environmental and social impacts is no longer voluntary, but is increasingly required by law. With the introduction of new EU regulations, such as the Corporate Sustainability Reporting Directive (CSRD), the European Sustainability Reporting Standards (ESRS), and the Sustainable Finance Disclosure Regulation...

The hidden costs threatening your business growth Businesses often prioritize revenue growth, inadvertently overlooking the significant...