Impact Standards: combining SDGs with IRIS and GRI for a better world!

Sinzer launches the search engine Impact Standards: combining SDGs with IRIS and GRI for a better world!

This is a guest blog from organisational members Sinzer.

Currently an increasing number of investors and companies are recognizing the role they can play in contributing towards achieving the Sustainable Development Goals (SDGs).

As Unilever’s CEO Paul Polman recently stated: “There is no business case for enduring poverty. We have an opportunity to unlock trillions of dollars through new markets, investments and innovation. But to do so, we must challenge our current practices and address poverty, inequality and environmental challenges. Every business will benefit from operating in a more equitable, resilient world if we achieve the Sustainable Development Goals.” Polman understands that by aligning with the SDGs not only the environment and society at large will benefit, but businesses will benefit as well.

The SDGs provide an opportunity to standardise the positive contributions investors and companies can have to sustainable development, e.g. by setting goals such as ending poverty, ensuring quality education and gender equality.

Convergence towards a common set of indicators allows companies and investors to:

  • Compare and aggregate data;
  • Harmonize data requirements for reporting;
  • Improve the disclosure of data;
  • Consolidate reporting to stakeholders.

One of the commonly stated obstacles is the challenge surrounding impact measurement. There is a gap between indicators investors and companies use to track their social and environmental performance of their (investments in) products and services and the national level indicators used to track the achievement of the SDGs by governments.

Sinzer developed a solution to bridge the gap by linking (or using existing linkage documentation) indicators from existing taxonomies (such as IRIS and GRI) with the SDG targets set on national level.

This information is now publically available in a user-friendly and free to use search engine.

How does it work?

  1. Go to https://standards.sinzer.org/standards
  2. Browse through the database and find you indicators

Click on the SDG and the underlying target per SDG where you would like to find relevant indicators for. You can also use it the other way around: click on the current GRI and/or IRIS indicators you use and see how these link to the SDGs and between each other.

Important note: we do advise our clients to develop a Theory of Change in which you understand how (the investment in) your products and services will create change and which indicators match to measure that change. Consultants of Sinzer can help you with this.

  1. Optional: implement the indicators in Sinzer,the software solution for impact management, in which you can collect, analyse, aggregate and report about your impact data.

In the near future we aim to integrate this database in our software solution. Want to stay up to date about this? Sign up for our newsletter here: http://info.sinzer.org/sinzer-newsletter

Leave a Reply

Your email address will not be published. Required fields are marked *