Impact Management Platform

Join us at the UN headquarters in NYC today for the interactive panel discussion "Innovative Approaches to Sustainability Performance Measurement" at 11:30 - 13:00 EST. The panel will address topics such as innovations in sustainability measurement, challenges in gaining consensus, alignment with current standards and next steps in the development of disclosure legislation and target-setting guidance considering the SDGs gap and other areas of impact. This session is held as part of the Third Preparatory Committee Session (3rd?PrepCom) for the 4th International Conference on Financing for Development (FFD4), and is in-person only. Those with existing accreditation or UN passes can register to attend here: https://lnkd.in/e7Kr8qGX

Industry classifications are a critical building block in the management of sustainability issues. They underpin resources that guide companies in their materiality assessments and strategy development, provide a basis for developing benchmarks and ratings, which in turn help investors to build portfolios. ? But the proliferation of industry classifications by public and private market actors impedes connectivity across resources. And industry classifications are not always fit for purpose for impact management. In a new review, the Impact Management Platform: ? ? Reviews the use of industry classifications in impact management ? Highlights challenges and limitations ? Recommends actions for the providers of industry classifications, standard-setters Find it here: https://lnkd.in/e9Stt4S8

The diversity of sustainability topic nomenclatures creates barriers for robust impact management and interoperability across resources. In a recent review, the Impact Management Platform helps making sense of the naming and classification of sustainability topics across impact management resources. ? The review is accompanied by a Structured Inventory, a mapping of sustainability topics. Use this tool to: ? ? Make sense of the sustainability topics used across 34 public and commercial sustainability management resources ? Explore topics in 5 categories: Governance, Strategy and Management; Society and Institutions; Economy; People and the Natural Environment ? Filter by Source and Resource type, Audience, Value perspective, and Legal nature of the resource ? Find it here: https://lnkd.in/gcEKVuA5

The Partners of the Impact Management Platform have nominated the Capitals Coalition to serve as new rotating co-chair for Phase II of the Platform, running from 2025 to 2027, alongside UNEP FI. The Capitals Coalition is a global collaboration redefining value to transform decision making, sitting at the heart of an extensive global network which has united to advance the capitals approach. The Coalition provides an overview of the landscape, highlights connections, engages in outreach and facilitates expert advice within the capitals community. Find out more about the Platform as it enters its next phase of work here: https://ow.ly/Xrzu50UmTPw

The Impact Management Platform has launched two new resources that help clarify the naming and classification of sustainability topics and the use of industry classifications across impact management resources, necessary to overcome barriers for robust impact management and interoperability across resources. ? - The Naming and Classification of Sustainability Topics in the Context of Impact Management: An analytical review. Find out more here: https://lnkd.in/ehBQvqrA ? - Industry Classifications in the Context of Impact Management: Uses, challenges and recommendations. Find out more here: https://lnkd.in/eRR3--5d ? These reviews are intended to support and strengthen the foundational building blocks of impact management standards, frameworks, guidance and tools, as the Platform moves onto its next phase of work. Find out more here: https://lnkd.in/duhubgQw

Last week, the Impact Management Platform's Leadership Committee convened in New York City. They discussed ongoing developments related to their efforts to mainstream impact management and areas of future collaboration as they prepare for the next phase of their work. The Partners of the Platform are committed to continuing to exchange and collaborate in an effort to build a complete and coherent system of impact management resources. The meeting was kindly hosted by the The Global Impact Investing Network. Stay tuned for future announcements as the Platform enters a new phase of its work. You can navigate the Platform's existing work, including the System Map and Resource List, the Actions of Impact Management, and the white paper on the Imperative for Impact Management, here: https://lnkd.in/ePqy9EyT #impactmanagement #NYCClimateWeek B Lab, Capitals Coalition, CDP, Global Reporting Initiative (GRI), GSG Impact, IFC - International Finance Corporation, International Foundation For Valuing Impacts (IFVI), ISO - International Organization for Standardization, Social Value International, OECD - OCDE, Principles for Responsible Investment, Taskforce on Nature-related Financial Disclosures (TNFD), United Nations Department of Economic and Social Affairs, United Nations Environment Programme Finance Initiative (UNEP FI), United Nations Development Programme (UNDP), United Nations Global Compact, World Benchmarking Alliance, IFRS Foundation

This week, representatives of the Impact Management Platform Partners convened for three days of collaborative and strategic meetings. Together, they deepened their understanding of each other's efforts and explored avenues for collaboration to advance impact management on a global scale. ? The pivotal gathering was hosted by Platform Co-Chair, the OECD - OCDE, at their offices in Paris.? ? Here is to charting a course towards a future where impact management is not just a practice, but the norm. ? #ImpactManagement #Sustainability #Partnerships #Collaboration? ? B Lab, Capitals Coalition, CDP, The Global Impact Investing Network, Global Reporting Initiative (GRI), The Global Steering Group for Impact Investment (GSG), IFC - International Finance Corporation ISO - International Organization for Standardization, OECD - OCDE, Principles for Responsible Investment, Social Value International, Taskforce on Nature-related Financial Disclosures (TNFD), United Nations Department of Economic and Social Affairs, UNDP, United Nations Environment Programme Finance Initiative (UNEP FI), United Nations Global Compact, World Benchmarking Alliance, IFRS Foundation