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 TCA.Jennifer Kunz is a full professor and head of the Chair of Management Accounting and Management Control at the University of Augsburg, Germany.Tobias Gaugler is research professor at the Nuremberg Institute of Technology, Germany, and head of the Competence Center for Sustainable Food and Resource Management.

• Part I: Overview1. Bridging the Gap between Ecology, Society and EconomyDr. Amelie MichalkeKey Takeaways1.1 Sustainability in the Anthropocene1.2 An approach to bridge the gap: True Cost AccountingReview questionsReferencesPart II: Theoretical background and development2. Development of True Cost AccountingProf. Dr. Tobias GauglerKey Takeaways2.1 Theory-based classification and economic foundations2.2 External effects and their implications at company level2.3 Scientific background of True Cost Accounting2.3.1 The Impact-Weighted Accounts Framework2.3.2 Economics of Ecosystems & Biodiversity (TEEB) and the Capitals Coalition2.3.3 Sustainable Performance Accounting2.3.4 Auditing and Accounting firms view on True Cost AccountingReferences3. Status Quo of True Cost AccountingDr. Amelie MichalkeKey Takeaways3.1 Accounting true costs: a method to monetize environmental and social impact3.2 Qualification of relevant indicators3.3 Quantification of environmental and social impact3.4 Monetization and Internalization3.5 CommunicationReferencesPart III: True Cost Accounting in Business Practice4. True Cost Accounting as Part of AccountingProf. Dr. Jennifer KunzKey Takeaways4.1 TCA as enrichment of “classical” accounting4.2 Current trends in accounting4.3 TCA as part of a sustainable management and early detection system4.4 Practical ways to stepwise implement TCAReview questionsReferences5. True Cost Accounting in Practice: Case StudiesProf. Dr. Tobias GauglerKey Takeaways5.1 Atmosfair: Fostering Climate-Conscious Travel through TCA5.2 ClimatePartner: Enabling Corporate Climate Neutrality through TCA5.3 EU Organic Label5.4 Bioland5.5 We Care – The Seal for Sustainable Corporate and Supply Chain Management5.6 "Du bist hier der Chef": Empowering Consumers through True Cost Accounting5.7 EOSTA: Transparency for fruits and vegetables5.8 PENNY: True costs in German food retailersReferencesPart IV: Conclusion6. Implications of TCA for Different StakeholdersProf. Dr. Jennifer KunzKey Takeaways6.1 Role of key stakeholders6.2 Key aspects related to TCAReview questionsReferences

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 TCA.Jennifer Kunz is a full professor and head of the Chair of Management Accounting and Management Control at the University of Augsburg, Germany.Tobias Gaugler is research professor at the Nuremberg Institute of Technology, Germany, and head of the Competence Center for Sustainable Food and Resource Management.

• Part I: Overview1. Bridging the Gap between Ecology, Society and EconomyDr. Amelie MichalkeKey Takeaways1.1 Sustainability in the Anthropocene1.2 An approach to bridge the gap: True Cost AccountingReview questionsReferencesPart II: Theoretical background and development2. Development of True Cost AccountingProf. Dr. Tobias GauglerKey Takeaways2.1 Theory-based classification and economic foundations2.2 External effects and their implications at company level2.3 Scientific background of True Cost Accounting2.3.1 The Impact-Weighted Accounts Framework2.3.2 Economics of Ecosystems & Biodiversity (TEEB) and the Capitals Coalition2.3.3 Sustainable Performance Accounting2.3.4 Auditing and Accounting firms view on True Cost AccountingReferences3. Status Quo of True Cost AccountingDr. Amelie MichalkeKey Takeaways3.1 Accounting true costs: a method to monetize environmental and social impact3.2 Qualification of relevant indicators3.3 Quantification of environmental and social impact3.4 Monetization and Internalization3.5 CommunicationReferencesPart III: True Cost Accounting in Business Practice4. True Cost Accounting as Part of AccountingProf. Dr. Jennifer KunzKey Takeaways4.1 TCA as enrichment of “classical” accounting4.2 Current trends in accounting4.3 TCA as part of a sustainable management and early detection system4.4 Practical ways to stepwise implement TCAReview questionsReferences5. True Cost Accounting in Practice: Case StudiesProf. Dr. Tobias GauglerKey Takeaways5.1 Atmosfair: Fostering Climate-Conscious Travel through TCA5.2 ClimatePartner: Enabling Corporate Climate Neutrality through TCA5.3 EU Organic Label5.4 Bioland5.5 We Care – The Seal for Sustainable Corporate and Supply Chain Management5.6 "Du bist hier der Chef": Empowering Consumers through True Cost Accounting5.7 EOSTA: Transparency for fruits and vegetables5.8 PENNY: True costs in German food retailersReferencesPart IV: Conclusion6. Implications of TCA for Different StakeholdersProf. Dr. Jennifer KunzKey Takeaways6.1 Role of key stakeholders6.2 Key aspects related to TCAReview questionsReferences

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 TCA.Jennifer Kunz is a full professor and head of the Chair of Management Accounting and Management Control at the University of Augsburg, Germany.Tobias Gaugler is research professor at the Nuremberg Institute of Technology, Germany, and head of the Competence Center for Sustainable Food and Resource Management.

• Part I: Overview1. Bridging the Gap between Ecology, Society and EconomyDr. Amelie MichalkeKey Takeaways1.1 Sustainability in the Anthropocene1.2 An approach to bridge the gap: True Cost AccountingReview questionsReferencesPart II: Theoretical background and development2. Development of True Cost AccountingProf. Dr. Tobias GauglerKey Takeaways2.1 Theory-based classification and economic foundations2.2 External effects and their implications at company level2.3 Scientific background of True Cost Accounting2.3.1 The Impact-Weighted Accounts Framework2.3.2 Economics of Ecosystems & Biodiversity (TEEB) and the Capitals Coalition2.3.3 Sustainable Performance Accounting2.3.4 Auditing and Accounting firms view on True Cost AccountingReferences3. Status Quo of True Cost AccountingDr. Amelie MichalkeKey Takeaways3.1 Accounting true costs: a method to monetize environmental and social impact3.2 Qualification of relevant indicators3.3 Quantification of environmental and social impact3.4 Monetization and Internalization3.5 CommunicationReferencesPart III: True Cost Accounting in Business Practice4. True Cost Accounting as Part of AccountingProf. Dr. Jennifer KunzKey Takeaways4.1 TCA as enrichment of “classical” accounting4.2 Current trends in accounting4.3 TCA as part of a sustainable management and early detection system4.4 Practical ways to stepwise implement TCAReview questionsReferences5. True Cost Accounting in Practice: Case StudiesProf. Dr. Tobias GauglerKey Takeaways5.1 Atmosfair: Fostering Climate-Conscious Travel through TCA5.2 ClimatePartner: Enabling Corporate Climate Neutrality through TCA5.3 EU Organic Label5.4 Bioland5.5 We Care – The Seal for Sustainable Corporate and Supply Chain Management5.6 "Du bist hier der Chef": Empowering Consumers through True Cost Accounting5.7 EOSTA: Transparency for fruits and vegetables5.8 PENNY: True costs in German food retailersReferencesPart IV: Conclusion6. Implications of TCA for Different StakeholdersProf. Dr. Jennifer KunzKey Takeaways6.1 Role of key stakeholders6.2 Key aspects related to TCAReview questionsReferences