Integrating environmental impacts into the evaluation of private investments.

Summary The ecological emergency calls for a marked reorientation of public and private investments from unfavorable activities to more environmentally friendly ones. Green finance can contribute to this, provided that it is equipped with tools that can properly integrate environmental impacts into the evaluation of investments. In this article, we discuss how the socio-economic calculation, currently used for the evaluation of investment projects by the State and its operators, can be a useful tool for private actors wishing to integrate the environmental impacts of their investments to a degree consistent with the collective ambition in this area. We highlight the importance of having specific and measurable environmental objectives, which legitimize and translate into operational terms our collective ambition in the face of current ecological challenges.