Vision and Principles

The Principles and Vision that guide True Cost Accounting

TCA Vision Statement

TCA fosters transparent, systemic analyses of agrifood systems to guide decisions that uphold human rights and the well-being of people, animals, and the planet.

Over the course of the TCA Dialogue Series and Summit, stakeholders consistently pointed to the need for a definitive articulation of core TCA principles to provide clarity and comparability between TCA initiatives and ensure their success in driving real, systemic change. In response, the TCA Accelerator commissioned a review of existing literature and — following extensive stakeholder consultation — developed this resource to guide TCA practitioners and more clearly define and differentiate this approach going forward. 

TCA Principles

In accordance with the United Nations Environment Programme’s landmark TCA framework — the TEEBAgriFood Evaluation Framework — TCA evaluations must be:

1. Comprehensive and Systemic

TCA must look holistically at how food systems impact and are dependent on people, communities, nature, and economies. A TCA analysis must consider both the positive and negative impacts across four “capital” areas — human, social, natural, produced — and account for the relationships between them to provide the full picture of the true value of food and farming.

2. Inclusive and Collaborative

TCA ensures that everyone affected has a voice. It must be a collaborative process involving actors at all four evaluation stages: Framing, Describing and Scoping, Measuring and Valuing, and Taking Action.

3. Based on Robust Information and Data

Data sources and assessment methods may vary between TCA analyses, but stakeholders should rely on the most robust and appropriate approaches suitable and available to their context, acknowledging any limitations. TCA evaluations should seek to build upon relevant bodies of work and reference emerging consensus on best practices and common language.

4. Transparent

To foster trust and prevent misleading claims, the process, decisions, methods, and results of TCA evaluations must be thoroughly documented and disclosed.

5. Relevant to Real-World Decision-Making

A TCA evaluation should start with an actionable question or problem to solve. It should compare multiple options and show the trade-offs of each, so decision-makers can choose solutions that maximize positive outcomes for people and the planet.

The TCA Evaluation Stages

There are four stages to a TCA study: Frame, Describe and Scope, Measure and Value, and Take Action. This section explains how the TCA Principles apply to each stage. 

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