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We believe that credible quantification and reporting of the SDGs serves as a lever to catalyse more ambitious climate action as this allows those funding climate change mitigation activities to transparently and credibly communicate to stakeholders the benefits those actions bring to the global community.

Toward this end, Gold Standard is delighted to launch a new SDG Impact Tool to more efficiently monitor, quantify and verify a project's contributions to the Sustainable Development Goals (SDGs).
 
Built on principles formed in the SDG Tool Guidance, co-developed with myclimate, Climate Seed, the Swedish Energy Agency, and UN SDSN, this excel-based tool provides a standardised template to clearly and transparently monitor SDG impact alongside carbon reductions – making the process more efficient and minimising the cost of Monitoring, Reporting and Verification (MRV) and ensuring SDG impact claims remain as specific and credible as possible.
 
The SDG Impact Tool is activity-specific, and all indicators map to relevant SDG targets based on published literature to ensure outcomes are real and measurable. Built-in guidance and supporting resources make implementation clear and streamlined. Reference values help auditors assess monitoring reports as a safeguard against over-claiming.  

The Gold Standard SDG Impact Tool ensures impact claims are quantitative, accurate and credible – maximizing impact while avoiding SDG washing.

The SDG Impact Tool benefits: More impact, better data, less complexity:
  • Standardised impact indicators and quantification methods to allow for clear comparison of project performance
  • Enabling contributions to multiple SDG impacts while minimising the extra burden of MRV for project developers and auditor
  • Enhanced communication of SDG contributions by having a transparent, standard and, in the next phase, compelling way to visualise the impacts
  • Aggregation of SDG impacts for reporting at a portfolio level and comparability within sectors


PILOT PHASE + NEXT STEPS:

We are piloting the SDG Impact Tool with project developers to test how it works and what improvements can be made. If you are involved with project development and would like to be part of this piloting phase, please contact Kranav Sharma for more information.
 
Once this 60-day piloting phase is complete, we will incorporate the feedback to refine the tool and release as part of our standard updates.  

In parallel, we are working to further automate and digitalise the tools, so they are seamlessly integrated into the standard documents and certification workflows and deliver enhanced impact reporting capabilities, including a compelling way to visualise the impacts.
WATCH SDG TOOLS DEMO
DOWNLOAD THE SDG IMPACT TOOL
 
We’d like to take this opportunity to thank all those who have contributed to the creation of this tool. We could not have completed this without your valuable input, guidance and support!

VOLUNTARY CARBON MARKET
TRANSITION FRAMEWORK

Preparing projects for a post-2020 era


Principles and process to be released for public consultation soon
 
The SDG tools form part of a broader effort to ensure high-integrity Gold Standard projects continue to be eligible under a maximum number of markets and sought after by buyers in a post-2020 era.
 
With the changes that will come into force under the Paris Agreement, voluntary carbon markets will need to evolve to align with the international context. This unavoidable development offers new opportunities for projects to be relevant beyond the voluntary market in emerging markets, from CORSIA to various domestic schemes.
 
To support project developers and market participants and to make this transition as seamless and predictable as possible, we are developing a VCM Transition Framework with support from the German Ministry of the Environment, Nature Conservation and Nuclear Safety (BMU).
 
Our proposed principles, criteria and process will be published for public consultation in the next few weeks. This will also include thinking on how corresponding adjustments may be operationalised, focusing first on high-income countries, and initial thoughts on the major opportunity presented by new, alternative claims for credits without corresponding adjustments that have already been signaled by recent publications from WWF and the Science Based Targets initiative.
 
We’ll communicate the details in due course.
EVENTS
IN THE NEWS
The Future of Carbon Pricing
23 March 2021
Register by email 


 
Carney Taskforce Looks to Boost Global Carbon Offset Market 
Bloomberg Green, 27 January 2021

Private Equity, But Not as You Know it; Gold Standard, Arnie, DiCaprio Watch On 
Carrzee carbon, 26 January 2021

Taskforce to Scale the Voluntary Carbon Market: How to scale without sacrificing quality
Originally published on Carbon Pulse,
7 December 2020
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