How can businesses measure their impact on the SDGs?
An example of an AI chatbot conversation about measuring business impact on Sustainable Development Goals.
What are the best ways for businesses to measure their impact on the SDGs?
Businesses can measure their impact on the SDGs by using frameworks like the SDG Compass, conducting impact assessments, and engaging stakeholders.
Can you explain what the SDG Compass is?
The SDG Compass is a guide for companies to align their strategies with the SDGs, measure their contributions, and communicate their impact.
What metrics should companies focus on?
Companies should focus on metrics related to environmental sustainability, social equity, and economic growth, tailored to their specific SDGs.
How often should businesses report their SDG impact?
It's recommended that businesses report their SDG impact annually, but more frequent updates can enhance transparency and accountability.
Are there any tools that can help with this measurement?
Yes, tools like the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) can assist in measuring and reporting SDG impact.
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