The ‘Platform’, whose steering committee brings together a set of multilateral organisations, has launched a web tool that outlines the core actions of impact management and links to the resources to help organisations and investors implement them
Leading international providers of sustainability standards and
guidance have come together to create the Impact Management Platform, a
collaboration to mainstream the practice of impact management. As a
first product, the ‘Platform’, whose steering committee brings together a
set of multilateral organisations, has launched a web tool
that outlines the core actions of impact management and links to the
resources to help organisations and investors implement them.
Over the past decade, there has been significant growth in demand for
organisations to improve their impacts on people and the planet, and to
contribute to achieving the Sustainable Development Goals by 2030. Core
to making this possible is effective impact management. However, the
growing number of initiatives supporting different aspects of impact
management have been difficult for enterprises and investors to
navigate. With the climate crisis and COVID-19 pandemic demonstrating
the fundamental interdependencies between markets and sustainability
issues, the urgency to build a coherent and complete system of
principles, standards and guidance for how to improve sustainability
impacts has never been greater.
Through the Platform, partnering organisations will work together to
identify opportunities to consolidate existing sustainability resources,
collectively address gaps, and coordinate with policymakers and
regulators to support the mainstreaming of impact management. This
effort represents the next phase of a global collaboration that, until
now, was facilitated by the Impact Management Project (IMP), a five-year
consensus-building forum designed to run until 2021. Earlier work
included facilitating sustainability disclosure initiatives to agree a
shared vision for corporate reporting to meet the needs of all
stakeholders, and supporting the consolidation of the investor-focused
disclosure initiatives into the IFRS Foundation and its new
International Sustainability Standards Board (ISSB). The Platform, whose
Steering Committee includes multilateral organisations that will also
advise the ISSB, provides a complementary forum for the broader task of
supporting practitioners to manage their sustainability impacts....
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