ABSTRACT
This chapter reviews the theoretical underpinnings of existing monetisation methods (in particular the cost of externalities and the cost of abatement) and the practical applications observed. Some thoughts follow on the feasibility and relevance of money as a common unit of expression for the multiple dimensions of the three main categories of capital (environmental, human and economic). The aim of this chapter is to study the feasibility of implementing a monetary unit for the LIFTS indicators, while respecting the primary objective: to enable global performance management, with the aim of transforming business models, by assessing the organisation’s contribution to respecting planetary limits and social foundations.
