True Price Standard

The True Price Standard development & maintenance

The True Price Standard is a necessary 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 method available to professionals who want to adhere to the method and apply true pricing in practice.

To make our methodology easy to navigate, we’ve created a mind map and a set of tabs. The mind map shows how the different documents relate to one another, while the tabs give you a short explanation and a direct link to each document.

Scroll below and start exploring the True Price method.

Principles for True Pricing

This consultation draft contains the Principles for True Pricing as envisioned by the True Price Foundation. The principles contain the beliefs, norms, and values we endorse to realize the true price vision, defining in practical terms what true pricing means, and setting forth the basis of an applicable method for determining true prices.

Valuation Framework for True Price Assessment of Agrifood Products

This document provides definitions and a framework for true pricing of agri-products in a structured and consistent way. It includes the principles for true pricing, a justification for selecting social and environmental impacts to take into account in a true price assessment and the basis for the development of monetisation factors for these impacts.

Assessment Method for Agri-food Products

The True price assessment method for agri-food products contains the key steps to assess the true price of agri-food products and their value chains. More specifically, the document provides modelling guidance and requirements for scoping, data and reporting.

Impact modules for True Pricing assessment

Social and Human capital modules

Three social and human capital modules that contain the key methodological aspects to measure and value the social impacts of agri-food products and value chains.

Natural capital modules

Six natural capital modules that contain the key methodological aspects to measure and value the environmental impacts of agri-food products and value chains.

Remediation Guidelines for True Pricing

The Remediation Guidelines were created to safeguard the integrity of theTrue Price movement. As we reach a larger scale, it’s crucial to have a unifying vision and define clear principles on what true price payments are and are not, and on how funds that are collected should be put to use

True Pricing in Food Retail and Food Service

A guide designed to help food retailers, food service providers, and others in the food industry understand and implement true pricing. 

Principles for True Pricing

Methodology Document

The latest, open access version of the monetisation factors for environmental and social impacts, with the aim to facilitate the adoption and application of true pricing, fill a gap in the literature, and accelerate standardisation.

Monetisation factors

Monetisation factors are key to true cost accounting and true pricing. They are the monetary values we use for true pricing of CO2 emissions, water use, soil degradation, land use change, underpayment and labour and human rights violations.

True Price has developed the principles and methodology to monetise a wide set of social and environmental costs. This document provides the latest open access version of the monetisation factors developed by True Price, with the aim to facilitate the adoption and application of true pricing, fill a gap in the literature and accelerate standardisation.

It provides monetisation factors for ten environmental and ten social true price impacts and their footprint indicators and sub-indicators, along with an explanation of the interpretation and sources.

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