New milestone in moving towards True Price open standards!

Imagine a world where every product is priced for its true price, a price which considers social and environmental costs too, such as underpayment of workers and air pollution. Last month, this world became one step closer as True Price took an important step in its mission to enable everyone to know the true price of a product. Together with our friends at Wageningen University and Bionext we kicked-off a program on True and Fair Pricing to make true pricing methodology available to everyone as an open standard.

So what does this actually mean? This means that soon for example bakeries, banks, farmers can use these open source standards to have better insights on the true price of their products, reduce their environmental impact and improve the conditions of their employees. And it help can you choose environmentally and socially sound products by seeing their true price.

In the coming years we will work closely with many organizations such as ABN AMRO, Rabobank and the EKO foundation to determine the true price of products, amongst others of potatoes and tomatoes.

Michel Scholte, Executive Director at True Price: “We’re extremely happy to be chosen by the Dutch government Top Sector to further develop and share our standards on true pricing. Only by working together and sharing our insights we can move quickly to a world where we enable everyone to know the true price of food!”

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* This project is financially supported by the Dutch Topsector Agri & Food. Within the Topsector, private industry, knowledge institutes and the government are working together on innovations for safe and healthy food for 9 billion people in a resilient world.

It Pays to Be Transparent

22 companies have experimented the past two years with making the influence of their products on people and society transparent, from sourcing to end user. For example, ABN AMRO mapped the social and environmental effects of cocoa financing and DSM looked at the impact of OatWell, an innovative oat product. They did this while they were participating in the Dutch partnership ‘Green Deal on Collaborating on Transparency of Natural of Natural and Social Capital’, which has now ended. The end report was offered today to European commissioners and directors at the 18th European Corporate Governance Conference. The report includes inspiring examples which other companies can use to take similar steps.

Please find the Dutch press statement here and the report here. Find more information on the European Corporate Governance Conference here.

Het loont om transparant te zijn (In Dutch)

Green Deal Samenwerken aan Transparantie van Natuurlijk en Sociaal Kapitaal afgerond

22 Nederlandse bedrijven hebben de afgelopen twee jaar geëxperimenteerd met het transparant maken van de invloed van hun product of dienst op mens en natuur, van grondstof tot eindproduct. Zo heeft ABN AMRO de sociale en milieukosten en baten van cacaofinanciering in kaart gebracht en deed DSM dit voor de productie van OatWell, een innovatief haver product. Het eindrapport van de ‘Green Deal Samenwerken aan Transparantie van Natuurlijk en Sociaal Kapitaal’ is vandaag aangeboden aan de vereniging van Commissarissen en Directeuren (NCD), tijdens de 18de Europese Corporate Governance Conferentie. In het rapport staan inspirerende voorbeelden waarmee ook andere bedrijven aan de slag kunnen.

In Santpoort-Noord kwamen vandaag honderden directeuren en commissarissen van Europese bedrijven bijeen op de conferentie over maatschappelijk verantwoord ondernemen. Het eerste exemplaar van het rapport “Het loont om transparant te zijn” werd hier aan bezoekers van de conferentie aangeboden door Willem Lageweg, vertrekkend directeur van MVO Nederland. Het rapport laat zien waarom en hoe bedrijven en organisaties de afgelopen jaren bezig zijn geweest met het inzichtelijk maken van hun impact op en afhankelijkheid van natuurlijk en sociaal kapitaal. Zo rapporteerde BAM, over de milieukosten van verschillende soorten asfalt, maakte Thermaflex de groene impact van leiding- en isolatieoplossingen transparant en ontwikkelde AkzoNobel een vierdimensionale winst- en verliesrekening.

Het uitbrengen van het rapport vormt de afronding van de Green Deal ‘Samenwerken aan Transparantie van Natuurlijk en Sociaal Kapitaal’, die in 2014 is getekend. De Green Deal was een initiatief van MVO Nederland, IUCN NL, True Price en het Ministerie van Economische Zaken. De belangrijkste geleerde lessen van de Green Deal zijn: het loont om voorop te lopen bij transparantie, omdat het zorgt voor betere besluitvorming en rapportage. De samenwerking heeft de deelnemers inzicht gegeven in de beschikbare meetmethodes en tools. En bedrijven hebben nu een beter beeld van de risico’s en kansen. Alle voorbeelden van de Green Deal staan in een Nederlands- en Engelstalig rapport dat gedownload kan worden op de websites van de Green Deal partners.

Hoe nu verder? Nu de Green Deal succesvol is beëindigd, zullen MVO Nederland, IUCN NL, True Price en het ministerie van Economische Zaken bedrijven en instellingen blijven ondersteunen om natuurlijk en sociaal kapitaal een plek te geven in hun besluitvorming.

Download hier het rapport. Meer informatie over de conferentie vindt u hier.

True Price changes into a 100% social enterprise

True Price started 2016 with a new governance structure. The board of True Price and its directors have decided to continue as a 100% social enterprise. We are very enthusiastic about joining a growing group of businesses that pursue societal goals in an entrepreneurial way. As such, we are proud members of Social Enterprise NL.

Since we started True Price in 2012, our mission has been to provide organizations with the language and data they need to contribute to an economy that creates value for all. To realize this, we need to provide our customers with the best service and open source methods. We can do this better as a 100% social enterprise than as the non-profit hybrid between foundation and social enterprise that we have been. For this reason, True Price has ceased being a foundation and will continue as a social enterprise with Adrian de Groot Ruiz and Michel Scholte as the new owners. The board members of the foundation will continue their involvement as Advisory Board members of the company.

With the transition, we will discontinue the membership and partnership structure of True Price. We thank our members and partners for their trust and support.

We will continue with our core activities and our mission will remain the same. This means that True Price will continue to provide organizations with the tools they need to measure, value and improve their impact and by leveraging its state-of-the-art open source methods.

 

True Price signs Charter for sustainable development partnerships

Together with more than 50 companies and NGOs, True Price signs a Charter that stresses the importance for the role of public and private sector partnerships in fostering sustainable development. True Price’s Executive Director Adrian de Groot Ruiz and Board member Fokko Wientjes are initiators and chair of the working group that created the Charter, as members of Worldconnectors. Monday September 29 CEO’s, directors and boardmembers of these organizations will meet to sign the charter, during a Roundtable meeting in The Hague.

Next year the UN Millennium Goals expire. The goals were created to give measureable targets to the international community for sustainable developmen. For the post 2015 period, the new goals are now being formulated by the UN. With the ‘Charter on the role of business, civil society and cross-sector partnerships in the Post-2015 Development Agenda’, leading Dutch organizations express their intent to collaborate and carry these new goals forward. Signatories are companies like DSM, Philips, Unilever, AkzoNobel, Friesland Campina, ABN AMRO and civil society organizations like ICCO, CNV International, HIVOS, Oxfam Novib and Save the Children.

The Dutch Minister for Foreign Trade and Development Cooperation Liliane Ploumen will participate in the meeting. Please find more information on the website of Worldconnectors.