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Figure 1:The linkages between different steps for the SDG Compass

Source: SDGCOMPASS (2022)

Step 1 - Understanding the SDGs

The core objective of the Step 1 is to familiarize the SDGs from own company’s perspective and
understand the related opportunities and responsibilities for the company.

Step 2 - Defining priorities

This phase focuses on defining company’s priorities. Defining the priorities is important while it
makes it possible to focus SDG related development efforts.

A practical approach to define SDG priorities could be to map the value chain so that impact areas
can be identified. Also, opportunities to contribute to SDGs can be found when observing the
value chain upstream or downstream.

Step 3 - Setting goals

Defining concrete and measurable goals for sustainable development. This is directly based on
the impact assessment and prioritization which are covered in Step 2. The goal setting is
important while aiming for good performance regarding various SDGs. Typically, firms choose

environmental goals, but also goal setting related to social dimensions of SDGs could provide
opportunities to contribute towards SDGs. A concrete set of Key Performance Indicators (KPIs)
is on example of an outcome of setting goals.

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