Valuing multiple capitals….the monetisation of social and environmental capacity is an approach gathering momentum but what are the pros and cons?
Contextual analysis is not new, but conventional approaches ignore the real big picture. Sustainability context is on the rise and about time too!
The motivation behind multi-capitals approaches is to highlight their value to the economy. Why not focus upon the value of the planet as a going concern?
For sustainability to really mean something, sustainability context is everything. How can companies start to place their activities within the big picture?
Multiple capitals seek to expand the notion of value beyond money, cost and price. How useful might they be?
The energetics of life show us the way to a seismic change in the capacity and sustainability of our species.
Using money to put things on a level playing field makes sense, but only if the things we are comparing are actually comparable – natural capital is not.
Like pricing the Earth, getting the right price for your Mother might be harder than you think
To preserve and grow Natural capital we need to consider ‘new’ asset classes and to develop the means by which to price and value such assets.
We don’t need to know in dollars, pounds or renminbi how valuable natural capital and natural productivity is in order to tell us that we should behave more sustainably.
There is an overwhelming need to prioritise and value the state and productivity of Natural Capital.