True Cost Accounting

Assessing Environmental and Social Damages of Production
1. Auflage 2025
ISBN: 978-1-032-38466-5
Verlag: Taylor & Francis Ltd

Buch, Englisch, 138 Seiten, Format (B × H): 138 mm x 216 mm

Reihe: Routledge Focus on Environment and Sustainability

This book explores the historical and theoretical classification of True Cost Accounting (TCA) and its business-oriented ways of implementation.

Tobias Gaugler, Jennifer Kunz and Amelie Michalke provide compact and comprehensible insights into True Cost Accounting, which is one approach used to comprehensively assess actual (human or natural) resource consumption and implement this assessment into companies’ internal controlling. To achieve this goal, the volume locates this approach in existing economic theory, and shows its historical roots and progressions. The authors then present different methodological approaches within TCA and highlight how practitioners might implement these approaches in their business. To illustrate the importance of TCA, a number of practical examples that are already present in the market are also featured.

This volume will be of great interest to students and scholars of environmental economics. Further, practitioners in (sustainable) supply chain management, as well as ecological and social accounting and controlling can use it for inspiration and guidance. Additionally, this book and the inherent ideas will give policymakers in economic and social politics recommendations for action.

Zielgruppe

Postgraduate and Undergraduate Advanced

Autoren/Hrsg.

Michalke, Amelie

Kunz, Jennifer

Gaugler, Tobias

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Umweltökonomie
• Geowissenschaften Geographie | Raumplanung Geographie: Sachbuch, Reise
• Naturwissenschaften Biowissenschaften Biowissenschaften Ökologie
• Geowissenschaften Umweltwissenschaften Umweltschutz, Umwelterhaltung
• Naturwissenschaften Biowissenschaften Biowissenschaften Biowissenschaften, Biologie: Sachbuch, Naturführer

Inhaltsverzeichnis

Part I: Overview

1. Bridging the Gap between Ecology, Society and Economy

Authors (AM): Dr. Amelie Michalke, Prof. Dr. Jennifer Kunz, Prof. Dr. Tobias Gaugler

Key Takeaways

1.1 Sustainability in the Anthropocene

1.2 An approach to bridge the gap: True Cost Accounting

Review questions

References

Part II: Theoretical background and development

2. Development of True Cost Accounting

Authors (TG): Dr. Amelie Michalke, Prof. Dr. Jennifer Kunz, Prof. Dr. Tobias Gaugler

Key Takeaways

2.1 Theory-based classification and economic foundations

2.2 External effects and their implications at company level

2.3 Scientific background of True Cost Accounting

2.3.1 The Impact-Weighted Accounts Framework

2.3.2 Economics of Ecosystems & Biodiversity (TEEB) and the Capitals Coalition

2.3.3 Sustainable Performance Accounting

2.3.4 Auditing and Accounting firms view on True Cost Accounting

References

3. Status Quo of True Cost Accounting

Authors (AM): Dr. Amelie Michalke, Prof. Dr. Jennifer Kunz, Prof. Dr. Tobias Gaugler

Key Takeaways

3.1 Accounting true costs: a method to monetize environmental and social impact

3.2 Qualification of relevant indicators

3.3 Quantification of environmental and social impact

3.4 Monetization and Internalization

3.5 Communication

References

Part III: True Cost Accounting in Business Practice

4. True Cost Accounting as Part of Accounting

Authors (JK): Dr. Amelie Michalke, Prof. Dr. Jennifer Kunz, Prof. Dr. Tobias Gaugler

Key Takeaways

4.1 TCA as enrichment of “classical” accounting

4.2 Current trends in accounting

4.3 TCA as part of a sustainable management and early detection system

4.4 Practical ways to stepwise implement TCA

Review questions

References

5. True Cost Accounting in Practice: Case Studies

Authors (TG): Dr. Amelie Michalke, Prof. Dr. Jennifer Kunz, Prof. Dr. Tobias Gaugler

Key Takeaways

5.1 Atmosfair: Fostering Climate-Conscious Travel through TCA

5.2 ClimatePartner: Enabling Corporate Climate Neutrality through TCA

5.3 EU Organic Label

5.4 Bioland

5.5 We Care – The Seal for Sustainable Corporate and Supply Chain Management

5.6 Du bist hier der Chef: Empowering Consumers through True Cost Accounting

5.7 Eosta: Transparency for fruits and vegetables

5.8 PENNY: True costs in German food retailers

References

Part IV: Conclusion

6. Implications of TCA for Different Stakeholders

Authors (JK): Dr. Amelie Michalke, Prof. Dr. Jennifer Kunz, Prof. Dr. Tobias Gaugler

Key Takeaways

6.1 Role of key stakeholders

6.2 Key aspects related to TCA

Review questions

References

Über Autor(innen)

Amelie Michalke is a Postdoc at the Nuremberg Institute of Technology, Germany and the co-founder of Patos, a consultancy for life cycle assessment and true cost accounting.

Jennifer Kunz is Full Professor and Head of the Chair of Management Accounting and Management Control at the University of Augsburg, Germany.

Tobias Gaugler is Professor in the field of business administration and finance at the Nuremberg Institute of Technology, Germany.