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Gold Standard is delighted to launch a new tool to help developers more efficiently monitor, quantify and verify a project's contributions to the Sustainable Development Goals (SDGs).
Built on principles formed in the SDG Tool Guidance, co-developed with myclimate, Climate Seed, the Swedish Energy Agency, and UN SDSN, this excel-based tool provides a standardised template to clearly and transparently monitor SDG impact alongside carbon reductions – making the process more efficient and minimising the cost of Monitoring, Reporting and Verification (MRV) for both project developers and auditors.
The tool is activity-specific, and all indicators map to relevant SDG targets based on published literature to ensure outcomes are real and measurable. Built-in guidance helps to select parameters that will make the most difference to project beneficiaries beyond the usual metrics. For example, in addition to measuring job creation, you can go further by disaggregating on several levels such as male/female or temporary/permanent jobs to further enhance impact reporting.
As contributions to the SDGs becomes more important among carbon credit buyers, the Gold Standard SDG Impact Tool makes it easier for project developers to measure impacts quantitively and distinguish their projects -- especially from those under other standards which may simply make narrative claims about development impact.
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