ABSTRACT

Another potential metaphor for change is ‘monitoring what matters’ which includes ‘green’ gross national products (GNP) or ‘genuine savings’ at the level of the economy, or environmental performance indicators and ‘green accounting’ at the level of the individual business. The GNP is now known to be an inadequate measure for monitoring overall progress. The development of ‘indicators’ for monitoring what matters is continuing in the environmental field. For example, an attempt to produce a sustainability indicator was presented by the Global Leaders for Tomorrow Environment Task Force to the World Economic Forum in Davos, early in 2000. This sustainability indicator attempts to integrate 64 variables into one ‘Pilot Environmental Sustainability Index’. 9