About us

We believe every product should be fair for people and sustainable for the planet

In 2012, True Price was founded and developed into a world-leading expert in methods and tools to measure and monetise social and environmental impacts. Over the years, it calculated the true price of dozens of products worldwide and seen growing interest from companies, governments, and consumers eager to better understand and address hidden costs in value chains.

Today, True Price operates through two complementary entities with distinct but aligned roles.

True Price, the Amsterdam-based social enterprise, focuses on the practical implementation and application of true pricing. It works with businesses and value chain partners to measure, reduce, and help internalise external social and environmental costs, turning true pricing into actionable business practice and real-world market solutions.

The True Price Foundation, an independent non-profit organisation, is responsible for stewarding and further developing the open-source True Price Standard and methodology. The Foundation ensures that the methods remain transparent, science-based, and publicly accessible, and it builds and supports the global community advancing true pricing. It also hosts the Global Partnership on True Pricing, strengthening international collaboration, knowledge exchange, and collective action.

Together, the social enterprise and the Foundation advance the shared mission of realising sustainable products that are affordable for all, by making visible, measurable, and actionable the true social and environmental costs of products.

Calculating true prices since 2012

True Price applies tested methodologies for impact measurement and valuation to calculate the external costs throughout the supply chain. This is a standardised 5-step process, which is applicable across all sectors and regions, made available to everyone open-source.

Our method provides the conditions to put true prices into practice. The Standard ensures that there is a consistent, transparent way of calculating and implementing the true price. The calculation method is regularly updated based on the most recent scientific insights. True Price Foundation makes the methods available to professionals who want to adhere to the method and apply true pricing in practice.

Explore our work through reading the previous editions of our newsletter:

Partners & ecosystem

Calculating true prices since 2012

True Price applies tested methodologies for impact measurement and valuation to calculate the external costs throughout the supply chain. This is a standardised 5-step process, which is applicable across all sectors and regions.

Our method provides the condition to put true prices into practice. The Standard ensures that there is a consistent, transparent way of calculating and implementing true price. The calculation method is regularly updated based on the most recent scientific insights. True Price Foundation makes the methods available to professionals who want to adhere to the method and apply true pricing in practice.

1M+

transactions

30

countries world wide

200+

members

10+

global partners

  • True Price Manifesto

    We believe that true pricing is a bedrock of a sustainable and inclusive economy. For this reason, we have developed the True Price Manifesto to outline the philosophy behind the true price vision.

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  • A Roadmap for True Pricing

    In the context of the global commitment to the Sustainable Development Goals (SDGs), True Price sets out a vision on how to systematically address issues such as underpayment and carbon emissions within today’s economic system.

    View more

The True Price team & governance

True Price employs professionals who have a heart for a better world and the brains for rigorous social and environmental analysis.

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Michel Scholte

CO-Founder/ Board Member of True Price
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Michel Scholte is a Co-Founder/Board Member of True Price. He holds an MSc in Sociology from the VU University Amsterdam, where he specialized in social research, agent based modelling and living wages. In addition, he is a member of think tank Worldconnectors and alumnus of the World Economic Forum Global Shapers Network. He holds various international advisory board positions in the field of impact measurement and valuation. Michel is also Director at Impact Institute.

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Adrian de Groot Ruiz

Co-founder/ Board Member of True Price
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Adrian de Groot Ruiz is a Co-founder/Board Member of True Price. Previously, he was Assistant Professor of Finance at Radboud University, where he did research into behavioral economics and sustainable finance. Adrian holds an MSc in Econometrics and a PhD in Economics from the University of Amsterdam. Adrian was a member of the Global Shapers (a World Economic Forum community) Amsterdam and of think tank Worldconnectors, where he co-chairs the working group addressing the Dutch corporate Post-MDG Agenda. For years, Adrian has been listed in the top of the “Sustainable Top 100″, a list of Dutch professionals who are active in sustainability. Adrian is also Executive Director at Impact Institute.

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Claire van der Broek

Managing Director of True Price
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Claire is our Managing Director and works with the team on developing and managing partnerships with governments, universities, NGO’s and social enterprises. She has working experience in various roles and sectors: from marketing and business development in telecom and retail to Partnerships management for an NGO. Claire is a hands-on team player with the conviction that together with partners and in coalitions, transformative change can be realized.

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Maurits Appeldoorn

Senior Associate
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Maurits  is a Team Leader. He holds an MSc International Relations and Political Philosophy, specializing in democratic theory. He previously worked at a subsidy consultant and for ING Bank.

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Carmen van der Geer

Data analyst
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Carmen is an True Price Analyst. She completed a liberal arts and sciences bachelor degree at Erasmus University College with a major in economics. As a research assistant at the Erasmus Center for Neuroeconomics she developed a fascination for the neural underpinnings of human behaviour. She attended the MSc. Cognitive Neuroscience at University College London. She is passionate about behaviour change and motivating people to make sustainable decisions. Driven by this affinity with sustainability, she completed a data science internship at Circle Economy before joining True Price. She loves racebiking and being outdoors in the mountains.

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Pietro Galgani

R&D and Data analysis Manager
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Pietro is R&D Manager and leads the Data and True Price method development work. He is passionate about developing new ways to bring social and environmental data to decision makers. He has been working on the Global Impact Database since 2017. He has a BSc in International Development and MSc in Industrial Ecology, and he loves gardening, music and food.

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Estefania Marti Malvido

Project & Partnership Manager
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Estefania is a True Price Associate. Before joining us, she worked as a research analyst with the Access to Nutrition Initiative (ATNI), an international NGO focused on benchmarking and private-sector accountability. She has a master’s in Public Policy and Administration specializing in Food from the University of Massachusetts Amherst. Before moving to the Netherlands, she completed an internship with the International Food Policy Research Institute. Estefania is passionate about practicing and teaching ashtanga yoga.

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Jedaja van Kempen

Partnerships & Communications Intern
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Want to join our team?

Our goal: A world where all products are sold at their true price: No harm to nature. No exploitation of people. Every transaction a step toward sustainability and fairness.

That is the economy we are building. And we invite you to join us.