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Business Tools and Indicators

An overview mapping existing business instruments concerning the allows for exploring
commonly used business tools that may be useful in assessing an organization's impact (SDG
Compass, 2015c). This web-based tool provides the ability to filter by essential criteria such as
the SDGs themselves and the tool developer. The ranking is done according to 17 basic

objectives: No Poverty, Zero Hunger, Good Health, Quality Education, Gender Equality, Clean
Water and Sanitation, Affordable and Clean Energy, Decent Work and Economic Growth,
Industry, Innovation and Infrastructure, Reduced Inequalities, Sustainable Cities and
Communities, Responsible Consumption, Climate Action, Life Below Water, Life on Land, Peace
and Justice, Partnership for the Goals. Some tools can be used for multiple purposes (SDG
Compass, 2015d):

● Corporate Human Rights Benchmark (CHRB)
The Corporate Human Rights Benchmark (CHRB) is the corporate human rights commission's

first open and public benchmark. Dropped in international and industry-specific standards on
human rights and reliable business behavior, the CHRB Methodology concentrates on
companies' policies, processes, and practices and how they reply to severe allegations. The
CHRB assessment is based on the publicly available information (used for goals: No Poverty,
Good Health, Quality Education, Gender Equality, Decent Work and Economic Growth, Reduced
Inequalities, Sustainable Cities and Communities).

● Impact Reporting & Investment Standards (IRIS)
IRIS is the catalog of generally-accepted execution metrics that conducting influence investors

use to measure social, environmental, and financial success, evaluate deals, and grow the
credibility of the impact investing industry.
● ISO 14000 Series

The ISO 14000 group of standards delivers practical tools for companies and organizations
looking to manage their environmental responsibilities.
● Social Hotspots Database/Portal (SHDB)

The SHDB project presents an online database that allows users to browse data on social risks
by sector, country, risk theme, with 227 countries and 57 economic sectors. The data thoroughly
manages social issues on human rights, working conditions, community impacts, and governance

issues via a set of nearly 150 risk indicators grouped within 22 themes.
● UN Global Compact – Oxfam Poverty Footprint

A partnership-based assessment tool helps companies and civil society partners understand
poverty's effects on a company's value chain, helps companies establish pro-poor business
strategies, and promotes greater corporate transparency and meaningful stakeholder
engagement.

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