The growing importance of True Cost Accounting Approaches such as True Cost Accounting, which help businesses gain a better understanding of their own environmental impact, are becoming increasingly relevant in business practice. This is due to current regulations, the real-world economic consequences for the business itself, or the needs and requirements of its customers. There are now a number of real-world examples: the retailers PENNY and Albert Heijn have carried out scientifically...

Why life cycle assessment and true cost accounting are becoming indispensable in a changing economic reality Today, companies are facing profound changes in the global risk landscape. It is no longer just a matter of traditional economic factors such as demand, liquidity, or market volatility. Environmental, resource, and biodiversity risks are also becoming increasingly important factors in business models, investment decisions, and bank lending. Natural capital risks are becoming...

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...