Standard on applying Principle 8: Be Responsive

Last updated: 2022

This document sets the SVI Standard to apply Principle 8: Be Responsive. The essence of this Principle is to take action; to make decisions about social value in response to data and measurement.

Use this resource to:

  • Integrate and act: Create a structured ‘impact management approach’ that can guide decision making at strategic, tactical, and operational levels to optimise impacts on wellbeing for all materially affected stakeholder groups. This means implementing activities that are designed to maximise the extent and rate of positive changes in wellbeing, whilst also identifying and eliminating activities that result in negative changes in wellbeing as fast as possible.

Guiding Principles on Business and Human Rights

Last updated: 2012

The UN Guiding Principles on Business and Human Rights are a set of guidelines for States and companies to prevent, address and remedy human rights abuses committed in business operations.

Use this resource to:

  • Strategy: Adopt the standards and practices with regard to business and human rights so as to achieve tangible results for affected individuals and communities, and thereby also contribute to a socially sustainable globalisation.
  • Governance: Embed the human rights policy throughout a business’ functions.
  • Identify: Understand the responsibility of enterprises to respect human rights, depending on their scale and scope.
  • Assess: Implement human rights due diligence.
  • Set Targets: Design targets based on human rights due diligence assessment.
  • Act: Learn how states and companies can prevent and address negative impacts on human rights by business.
  • Monitor: Set up continued human rights due diligence for monitoring purposes.
  • Disclose: Make publicly available human rights commitments and processes.

SDG Impact Standards for Enterprises

Last updated: 2021

Practice standards that provide a common language and a system for integrating sustainable development issues, the Sustainable Development Goals and impact management into business and investment decision-making. These practice standards also outline the ‘ABC’ classification methodology, which helps organisations assess whether an impact ‘Acts to reduce harm’, ‘Benefits stakeholders’, or ‘Contributes to solutions’ in relation to the SDGs.

Use this resource to:

Set up processes and embed practices that orient an organisation towards achieving the SDGs. The SDG Impact Standard contains practice indicators that are relevant to several actions. Use the links below to access guidance for different practice indicators. Alternatively, view the whole guidance document here.

Impact Standards for Financing Sustainable Development (IS-FSD)

Last updated: 2021

Practice standards to support donors in the deployment of public resources through DFIs and private asset managers, in a way that maximises the positive contribution towards the SDGs. The Standards are harmonised in approach with the UNDP SDG Impact Standards suite, the IS-FSD constitute a framework, ensuring that collectively (with the SDG Impact Standards for PE Funds, Bond Issuers and Enterprises) they help to connect actors across the system using a common language and approach for integrating SDG impacts in the investment strategy and throughout the investment process and governance structures.

Use this resource to:

  • Governance: Set up processes and embed practices that are aligned with the SDG Impact Standards.
  • Assess: Understand whether all relevant information is being actioned to understand impact. The Standards outline how baselines, social/ ecological thresholds and other contextual information should be included in assessment of whether an underlying asset is contributing to the SDGs.

Operating Principles for Impact Management

Principles describe essential features of managing investments into companies or other organisations with the intent to contribute to measurable positive social or environmental impact alongside financial returns.

This resource has mandatory requirements for signatories.

Use this resource to:

  • Strategy: Define strategic impact objectives consistent with the investment strategy alongside managing strategic impact on a portfolio basis.
  • Governance: Commit to following the principles and periodically having progress of adoption independently verified. The Principles can be applied to an entire investing organisation or an individual fund.
  • Monitor: Use criteria for which investor’s impact management practices can be monitored. The principles require these disclosures to be independently verified.
  • Disclose: Use Principle 9 to enable public disclosure of alignment with the Principles.

Principles for Sustainable Insurance

Last updated: 2012

Principles for the global insurance industry to address environmental, social and governance risks and opportunities.

Use this resource to:

  • Strategy: Commit to considering environmental, social and governance risks and opportunities in insurance business, and to working with other industry participants to do the same. These Principles are relevant to insurers in their dual role as both corporates and as organisations that make investments. This initiative involves a fee for participation and requires periodic disclosure of progress made towards adopting the principles.

Principles for Responsible Banking

Last updated: 2019

Principles for Responsible Banking (PRB) are designed to ensure that signatory banks’ strategy and practice align with the vision society has set out in the Sustainable Development Goals and the Paris Climate Agreement.

Use this resource to:

  • Strategy: Commit to aligning the bank’s activities and portfolios to global goals, namely the Sustainable Development Goals (SDGs) and the Paris Agreements, by embedding sustainability at the strategic, portfolio and transactional levels, across all business areas.  This initiative involves a fee for participation and requires periodic disclosure of progress made towards enforcing the Principles.
  • Disclose: Use the PRB Assurance Guidelines to assure adherence to the Principles.

Principles for Positive Impact Finance

Last updated: 2017

Principles for financial institutions and their public and private stakeholders to transition to an impact-based economy that can deliver on people’s needs and aspirations within planetary boundaries.

For organisations

Use this resource to:

  • Governance, strategy and management approach: Use as a reference for key definitions and requirements for the delivery and assessment of positive impact finance.

For investors and financial institutions

Use this resource to:

  • Strategy: Reference key definitions and recommended practices when embedding impact management into investment strategy, governance and management approach.

SDG Impact Standards for Private Equity Funds

Last updated: 2020

Practice standards that provide a common language and a system for integrating sustainable development issues, the Sustainable Development Goals and impact management into business and investment decision-making.

Use this resource to:

  • Strategy: Use the standards to inform internal decision-making. The standards are designed to transform how enterprises and investors think about value creation, and integrate impact management and contributing positively to the SDGs in their strategy.
  • Governance: Learn how to integrate impact management into the management approach, disclosure and governance practices.

SDG Impact Standards for Bond Issuers

Last updated: 2020

Practice standards that provide a common language and a system for integrating sustainable development issues, the Sustainable Development Goals and impact management into business and investment decision-making.

Use this resource to:

  • Strategy: Use the standards to inform internal decision-making. The standards are designed to transform how enterprises and investors think about value creation, and integrate impact management and contributing positively to the SDGs in their strategy.
  • Governance: Learn how to integrate impact management into the management approach, disclosure and governance practices.