Standard on Applying Principle 2: Understand What Changes (Part 2 – Designing Indicators (Metrics) to Measure the Outcomes)

Last updated: n/a

Forthcoming: Standard and guidance on how to apply the second of SVI’s Social Value Principles.

Use this resource to:

  • Measure sustainability performance: Design custom metrics. This practice standard builds on Part 1, which outlines how to design custom metrics to measure a ‘well-defined’ outcome.

GRI Universal Standards

Last updated: 2021

Reporting standards designed to help any organisation understand and disclose their impacts in a way that meets the needs of multiple stakeholders. There are a set of Universal Standards that apply to all organisations, and 35 Topic Standards that contain disclosures for impacts related to economic, environmental and social topics.

Use this resource to:

  • Identify sustainability topics: Use the guidance in the Universal Standards (GRI 1, 2 and 3) when conducting a materiality assessment for reporting. This type of materiality assessment also helps identify sustainability topics to measure and manage.

Standard on Applying Principle 2: Understand What Changes (Part 1 – Creating Well Defined Outcomes)

Last updated: 2015

Standard and guidance on how to apply the second of SVI’s Social Value Principles.

Use this resource to:

  • Measure sustainability performance: Engage with stakeholders to collaboratively agree on which outcomes to measure. This practice standard contains guidance on how an organisation can examine ‘chains of events’ and engage with stakeholders to decide the most appropriate point of measurement to support management decision-making (framed as ‘well-defined’ outcomes).

OECD Due Diligence Guidance for Responsible Business Conduct

Last updated: 2018

Guidance that provides practical support to enterprises on the implementation of the OECD Guidelines for Multinational Enterprises by providing plain language explanations of its due diligence recommendations and associated provisions.

Use this resource to:

  • Governance, strategy, and management approach: Assist enterprises with developing and strengthening their due diligence system, as well as processes related to impacts in operations, supply chains, and business relationships.

Principles of Social Value

Last updated: 2015

Principles that provide the basic building blocks for organisations that want to make decisions whilst taking social value into account. They are intended to help organisations optimise value for all stakeholders materially affected by an organisations activities. SVI is developing practice standards to help organisations implement each principle to a point where they are accountable for their activities and are making decisions to optimise value.

Use this resource to:

  • Governance, Strategy and Management Approach: Set up processes to include social value data in management decision-making.

Standard on Applying Principle 1: Engage Stakeholders

Last updated: 2019

Standard and guidance on how to apply the first of SVI’s Social Value Principles.

Use this resource to:

  • Set and revise objectives: Use the guidance on identifying stakeholders, engaging with them, and collecting information to help shape strategy and objectives.
  • Identify sustainability topics: Use the guidance on identifying stakeholders and engaging with them to understand actual and potential significant impacts.

OECD Guidelines for Multinational Enterprises

Last updated: 2011

One of the main (and government-backed) international instruments on Responsible Business Conduct (RBC) setting out principles and standards on RBC. Regulators reference them in regulation.

Use this resource to:

  • Set and revise objectives: Set objectives with reference to minimum safeguards on topics such as: human rights, labour relations, employment practices, public health and safety, bribery and extortion, science and technology and taxation.

Ten Principles of the UN Global Compact

Last updated: 2000

Principles that list how organisations should, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. The Ten Principles apply across all geographies in which the enterprise operates, and good practices in one area do not offset harm in another. They draw on several international declarations and other authoritative documents.

Use this resource to:

  • Set and revise objectives: Set objectives with reference to minimum safeguards on topics, such as human rights, labour, environment and anti-corruption. This initiative involves a fee for participation and requires organisations to produce an annual ‘Communication On Progress’ (CoP) that details their efforts to embed the Ten Principles into their strategies and operations, as well as to support societal priorities such as the SDGs.

Sustainable Development Goals

Last updated: 2015

A set of internationally agreed goals that are required to create a more sustainable future for all people and the environment.

Use this resource to:

  • Set and revise objectives: Categorise objectives according to internationally agreed Sustainable Development Goals.