2018

ISEAL’s Codes of Good Practice is a globally recognised framework that defines practices for effective and credible sustainability systems.

Use this resource for the following Actions of Impact Management:

• Verification, assurance & certification: Provide a framework for assessing compliance with standards, so that consumers, supply chain partners, investors and other stakeholders know they can trust the results of assessments. It encourages assurance that is rigorous and accessible, providing accurate and transparent results.

ISEAL’s Credibility Principles define the core values of credible and effective sustainability systems. They provide the foundations for systems to deliver greater impact.

Use this resource for the following Actions of Impact Management:

• Verification, assurance & certification: Support the development and use of credible and effective market-based initiatives like sustainability standards and tools.

The SASB Standards are reporting standards that provide industry-specific disclosure topics and associated metrics for measuring performance across 26 General Issue Categories (or sustainability topics). Management or mismanagement of performance on these sustainability topics may create, preserve or erode value for a typical organisation in a given industry over time.

Use this resource for the following Actions of Impact Management:

• Communicate: Report to providers of financial capital on sustainability topics that are likely to affect how value is created, sustained or eroded for the organisation over the short-, medium- and long-term.

The Multilateral Development Banks’ (MDB) Harmonized Framework For Additionality In Private Sector Operations standardises the assessment of “additionality” in private sector investments. Understanding additionality can increase access to finance for underserved markets, or enhance environmental and social standards by refering to the extent to which MDB finance contributes to outcomes.

Use this resource for the following Actions of Impact Management:

• Monitor, learn and adapt: Identify the types of evidence to demonstrate additionality.

This certification process assesses to what extent the Principles of Social Value are embedded in an organisation’s systems and processes. The certificate has three levels that set out a progression pathway for organisations looking to continuously improve how they optimise social value for their stakeholders.

Use this resource for the following Actions of Impact Management:

• Verification, assurance and certification: Certify that an organisation’s systems and processes adhere to the Principles of Social Value.

These benchmarks rank companies and financial institutions based on their impact performance. The World Benchmarking Alliance (WBA) recognises that transformational change across seven systems (financial, decarbonisation and energy, food and agriculture, digital, social, urban, and nature) are needed to achieve sustainability. In each of these systems, companies that have a big role to play in hindering or advancing progress towards a sustainable future are identified as ‘keystone’ companies. The WBA then draws from existing standards to develop a publicly available methodology for each system (or component of a system). The methodology identifies the relevant topics and associated metrics for companies to disclose against.

Use this resource for the following Actions of Impact Management:

• Benchmarking and rating: Compare performance with other companies ranked according to WBA’s benchmarks.

Guidance on how to integrate the Sustainable Development Goals into reporting processes.

Use this resource to:

• Communicate: Use the guidance to disclose positive and negative contributions to the Sustainable Development Goals.

Benchmarks that rank companies based on their impact. The WBA recognises that transformations are needed to achieve sustainability across seven systems. In each of these seven systems, companies that have a big role to play in hindering or advancing progress towards a sustainable future are identified as ‘keystone’ companies. WBA then develops a publicly available methodology for each system (or component of a system), drawing on existing standards to identify relevant topics and associated metrics for companies to disclose against.

Use this resource to:

• Find the methodology that corresponds best to the ‘system’ that the organisation operates within. Understand the list of topics and methodologies in the relevant ‘system’ when identifying sustainability topics to measure

The SASB Materiality Map is a tool to help companies identify and prioritise sustainability issues that are financially material to their industry. It provides a framework for assessing the relevance and impact of environmental, social, and governance (ESG) factors on business performance and value creation.

Use this resource for the following Actions of Impact Management:

• Communicate: Use disclosure guidance and standards to disclose on material issues, recognising how various sustainability factors have a material impact on the viability of a company as well as its financial performance.