Cheap, but at what cost? An introduction to True Cost Accounting
ClimateInColour Deep Dives
“Buy now, pay later.”
You’ve probably seen this call-to-action plastered over every online shopping site, enticing you to instant gratification at a delayed cost. Aside from its intended meaning, this phrase ominously characterises the times we live in: where there is a stark disparity between the price we pay now (for everything from food, to clothing and energy) and the one we pay later in our degraded health, environment, and society. Crisis is the real price of cheap stuff.
But what if we measured what mattered? What if the monetary value of a product actually reflected the harms or goods it produced—and everyone could afford the good stuff?
Let’s make accounting sexy, and dive into the world of True Cost Accounting.
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Research: Georgie Hurst | Editor: Joycelyn Longdon
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