SDG Impact Standards - Steps & Key Element.
The SDG Impact Standard is a decision-making framework for companies that provides guidance on appropriate practices to measure and manage the impact of business operations on the SDGs.
The Steps to this impact measurement and management include Set Strategy, Integrate, Optimize, and Reinforce.
The SDG Impact Standards and these Steps are organized around four interrelated themes, each of which is a Key Element in fully integrating sustainability into organizational systems and decision-making:
Strategy - embedding impact and sustainable development into corporate strategy.
Transparency - disclosure of decisions and progress as an accountability tool.
Management Approach - integrating strategy
and making better decisions to optimize impact.
Governance - alignment of formal and informal governance systems for enhanced accountability.