The chapter elaborates on the strategic role of performance indicators in support of transformation to sustainable socio-ecological-economic systems. Given the purpose and identity of cooperatives, their impact on fair income distribution, promotion of economic democracy, and de-commodification of necessities and fictitious commodities (Polanyi, K. (Polanyi, K. (1944 [2001]). The Great Transformation. Farrar & Rinehart [Beacon Press]. [2001]). The Great Transformation. Farrar & Rinehart [Beacon Press].), we consider their contributions to the requisite radical imagination and the different institutional logic needed for a transformative change of the system. The intersection between the cooperative model and the Economy for the Common Good (ECG) approach to measures of performance is examined as an example of values-based indicators. The chapter points out the need to use context-based indicators with thresholds and allocations (McElroy, M. (McElroy, M. (2015). Science- vs. Context-Based Metrics – What’s the Difference? Sustainable Brands. https://sustainablebrands.com/read/new-metrics/science-vs-context-based-metrics-what-s-the-difference). Science- vs. Context-Based Metrics – What’s the Difference? Sustainable Brands. https://sustainablebrands.com/read/new-metrics/science-vs-context-based-metrics-what-s-the-difference), in order to appropriately assess sustainability. It also proposes that cooperative goals and purpose can set the sustainability benchmarks for social indicators.
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