The role of true cost accounting in guiding agrifood businesses and investments towards sustainability

Riemer, O.; Mairaj Shah, T.; Müller, A.;

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Other titles Background paper for The State of Food and Agriculture 2023

Date of Issue 2023

Contributing Member Food and Agriculture Organization (FAO)

Publisher Food and Agriculture Organization (FAO)

Place of Publication Rome

Co-Author(s) Food and Agriculture Organization (FAO)

DOI https://doi.org/10.4060/cc8422en

Physical Description 65 p., 210 x 297 mm

Series Report / No FAO Agricultural Development Economics Working Paper

ISBN 978-92-5-138291-2

Abstract

Current practices in business accounting and reporting are hindering the transition to sustainability in the agrifood sector. This paper describes how the application of true cost accounting and the lessons learned from it can lead to a sound economic foundation for sustainability in business and finance within agrifood systems.

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