UNDP is pleased to release Version 1.0 of the SDG Impact Standards for Enterprises, following two rounds of public consultation. We are thankful that so many individuals and organizations took the time for thoughtful reflection and comment through the development of the SDG Impact Standards for Enterprises and on both rounds of public consultation. This has had a significant influence on the Standards. Thank you.
We encourage robust feedback and input through the public consultation process, including written responses to the consultation questions and look forward to further feedback from all.
Enterprises and investors increasingly recognize that sustainable development is at the core of long-term value creation but are not yet systematically integrating sustainability and impact considerations in their decision-making. SDG Impact aims to help make this process easier through SDG Impact Standards.
The SDG Impact Standards are practice standards, revolving around internal decision-making, designed to transform how enterprises and investors think about value creation, and integrate impact management and contributing positively to the SDGs in their strategy, management approach, disclosure, and governance practices. Grounded in existing principles, standards and market best practices, the Standards provide context for applying other tools and frameworks, including metrics, taxonomies, and reporting frameworks.
In addition to the Standards for Enterprises, SDG Impact is developing Standards for Bonds Issuers and Standards for Private Equity Funds. SDG Impact also collaborated with the OECD in the development of Impact Standards for Financing Sustainable Development (IS-FSD).
The Standards are for Enterprises committed to contributing positively to sustainable development and towards achieving the SDGs. All Enterprises – irrespective of size, geography, or sector – can use the Standards. This includes publicly listed enterprises, public-interest, and private entities (both for-profit or not-for-profit), non-governmental organizations (NGOs), small and medium enterprises (SMEs), and state-owned or other public-sector entities.
The Standards set out a decision-making framework to help Enterprises integrate impact management into their strategy, management approach, disclosure, governance and decision-making practices. They help Enterprises link their approach to creating long-term, sustainable value for the Enterprise with contributing positively to sustainable development in line with the SDGs. They do this by directing attention and resources to where Enterprises can optimize their contribution by focusing on material positive and negative impacts. Embedding the Standards into management decision-making will strengthen impact performance and facilitate higher quality and more consistent disclosures.
The foundational elements of the Standards are:
Standard 1 (Strategy): Embedding foundational elements into purpose and strategy
Standard 2 (Management Approach): Integrating foundational elements into operations and management approach
Standard 3 (Transparency): Disclosing how foundational elements are integrated into purpose, strategy, management approach and governance, and reporting on performance
Standard 4 (Governance): Reinforcing commitment to foundational elements through governance practices
The Standards are provided to organizations as a ‘best practice’ guide to help them operate more sustainably and optimize their contribution to sustainable development and the SDGs by integrating responsible business and impact management practices into their organizational systems and internal decision-making.
Enterprises can follow the following actions to properly integrate operating sustainably and contributing positively to sustainable development and the SDGs into their organizational systems and decision-making.
The Standards are grounded in existing principles, standards, and market best practices, and provide context for applying other tools and frameworks, including metrics, taxonomies and reporting frameworks.
SDG Impact Standards – transforming decision-making to deliver the SDGs
Download About the SDG Impact Standards
Download the SDG Impact Standards for Enterprises version 1.0
Download the SDG Impact Standards for Enterprises version 1.0 in Mandarin Chinese
Download the SDG Impact Standards for Enterprises version 1.0 in Japanese
Download Guidance for the SDG Impact Standards for Enterprises
Download the Enterprise Actions in Japanese
Download the SDG Impact Self-Assessment Tool for Enterprises
Download the SDG Impact Self-Assessment Tool for Enterprises in Japanese
Download the Glossary
Download the FAQs
Download the response to the most recent consultation input
Download the mapping to the SDGD Recommendations
Voluntary independent use
These Standards are provided to Enterprises as a best practice guide and self-assessment tool. Enterprises can use them to align their internal processes, practices and decision making.
Enterprises are encouraged to use the Standards in their entirety as a gap analysis and self-assessment tool, and to fill gaps and improve practice over time.
Voluntary Assurance Framework and SDG Impact Seal
An external assurance framework and SDG Impact Seal are being developed in tandem with making the Standards available as a voluntary, self-assessment guide.
UNDP is supporting these SDG Impact Standards with:
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