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Michel Scholte
Minister van de Nieuwe Economie - Director Impact Institute & True Price
Michel Scholte is a Dutch social entrepreneur, speaker, and advisor who co-founded the Impact Institute, True Price, and the Impact Economy Foundation. He is dedicated to creating a more equitable and sustainable economy by focusing on impact measurement, valuation, and the integration of societal and environmental costs into market systems.
Key Roles and Contributions:
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Impact Institute: As co-founder and director, Michel leads efforts to provide tools, software, and education for impact measurement and management. The organization has worked with global institutions like ABN AMRO Bank and DBS Bank to integrate sustainability into business practices. It has also been recognized internationally for its contributions to frameworks like Impact Weighted Accounts.137
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True Price: Michel co-founded True Price to promote true pricing—a system that includes societal and environmental costs in product prices. This initiative has gained global traction, with practical applications in retail and collaborations with major brands.245
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Impact Economy Foundation: He co-founded this foundation to accelerate the transition to an economy driven by sustainability, inclusivity, and circularity. It collaborates with initiatives like Harvard's Impact Weighted Accounts Initiative.46
Background:
- Michel holds a BSc and MSc in Sociology from VU University Amsterdam, where he specialized in social research, immigration, integration, and sustainability topics.57
- In 2020, he was ceremonially elected as "Minister of the New Economy" in a competition organized by CSR Netherlands.7
Recognition:
Michel's work has been featured in prominent publications such as The New Yorker, Time Magazine, and Forbes. His initiatives have won awards like the UNCTAD ISAR Awards for advancing sustainability reporting.17


