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SDG Goals, SDG Targets, SDG Indicators * SDG Washing * Impact Washing * Sustainable Development Goals * SDG Training * Global Goals * UN SDG Goals * UN SDG Targets
How do you align your impact management with sustainable development goals or Global Goals (SDG Goals, SDG Targets, and SDG Indicators)? How to find the most relevant SDG Targets and SDG Indicators? In 2015 more than 190 world leaders committed to the 17 Sustainable Development Goals (or SDGs) with the purpose of eradicating extreme poverty, fight inequality & injustice, and fix climate change. We all have a role to play if we’re going to achieve these goals of a more prosperous, equitable, and sustainable world.
Ever since the Sustainable Development Goals were launched, the challenge for organizations and impact practitioners has been to translate those global goals into something applicable and attainable at the local level.
In our last two videos, we talked about creating your Impact Strategy using the Theory of Change framework and the 5 Dimensions of Impact by Impact Management Project. If you haven't checked them out, you will find the links in the description below!
But the hardest part of defining a strategy is deciding what to measure and how to measure it. And this is where the alignment to Sustainable Development Goals comes into the picture.
In this video, we will review 4 actionable tips to select the right outcomes, metrics, and align them to SDG.
Without further ado, let’s jump into today’s topic. And let’s start by asking ourselves, why should I even align with the SDG?
Businesses cannot thrive in a world of poverty, inequality, unrest and environmental stress. The SDGs are anticipated to generate at least US$12 trillion worth of market opportunities by 2030. Which makes a strong business case for investing in opportunities aligned with the SDGs for investors and businesses.
So if you’re a fund manager, you might want to focus on SDG aligned companies. And if you’re a social enterprise or nonprofit, it’s in your best interest to demonstrate your impact as part of the efforts to achieving the Sustainable Development Goals.
To help you achieve those goals, here are the 4 actionable tips to select the right outcomes, metrics, and align them to SDG:
Social Value International (in short referred to as S-V-I) is changing the way society accounts for value through principles, practice, people and power. Their seven principles guide businesses, investors, and accelerators on how to align social value in decision making.
According to Social Value International’s principals “Involve Stakeholders” and “Understand what changes”, you should talk to your beneficiaries and identify what they consider as material outcomes. Then, explore how the outcomes are linked to each other and develop indicators to measure if the outcome has occurred, and how much of the outcome has occurred.
When it comes to developing your indicators, before creating any bespoke metrics, take a look at the IRIS+ standard developed by the Global Impact Investing Network. IRIS+ has a catalog with generally accepted output and outcome metrics that are already aligned to SDG and categorized by impact areas such as Agriculture, Climate, Education, and many more.
Chances are 40% to 50% of your metrics needs will be covered by IRIS+, and even if you have to create the rest of metrics as custom, you will have a better idea on how to define them.
If you’re still not clear where your impact fits in the 17 SDGs, don’t take a guess; review all the SDG targets in detail.
For example, if your organization is providing free breakfast to students in rural schools, you might think that you fit in SDG 4 - Quality Education. But in reality, this SDG is only focused on equal access to quality education for people to acquire relevant skills.
#globalgoals #sustianabledevelopmentgoals #sdg
