Gold Standard testing a new tool to measure SDG impact of mitigation projects
Gold Standard launched a new tool to help developers of emission reduction projects monitor, quantify and verify contributions to the Sustainable Development Goals (SDGs).
Adopted by the United Nations in 2015, the 17 SDGs are the backbone of the 2030 Agenda for Sustainable Development, the blueprint for addressing global challenges such as improving health and education, reducing inequality, spurring economic growth, tackling climate change and preserving oceans and forests.
Project developers can currently attach benefits in terms of other sustainability objectives to their climate mitigation projects (e.i. efficient cookstoves, renewable energy, or forest conservation). However, the lack of shared, measurable criteria for these benefits can make it difficult to support such claims and verify them, for example, for auditors.
To help build better and more transparent sustainability reporting in climate action, Gold Standard developed a brand new SDG Impact Tool with sector experts' help. Carbonsink is part of the working group which contributed to creating the tool, directly providing input, guidance and support.
In February the tool entered in its pilot phase until April. At the end of the pilot phase, Gold Standard will release a refined version of the SDG Impact Tool as part of its standard updates.
More information available on the webpage of Gold Standard.