Page 161 - EN_final

monitoring framework, focus on impacts, anticipate future resource needs and build a knowledge

management process (Bexell & Jönsson, 2021).

Key performance indicator

While setting specific KPIs, organizations can rely on some guidance. The global indicator
framework was developed based on the availability of existing data at global and national levels,
the quality of the data, and its relevance to specific objectives, which was conducted to categorize
231 indicators into three levels as described in the IAEG-SDGs report for the Statistical
Commission. Many indicator levels' classification changes as methodologies develop and data
availability increases. Therefore, the IAEG-SDG groups review the level classifications as needed

at bi-monthly online and in-person meetings (Q1 and Q4 of each year). The individual levels are
as follows (Business for 2030, 2020):
Tier 1: The indicator is conceptually straightforward, has an established international methodology

and standards available, and regularly provides data for at least 50% of countries and populations
in each region where the indicator is relevant.
Tier 2: The indicator is conceptually clear, has an internationally agreed methodology, and
standards are known, but countries do not produce data regularly.

Tier 3: There is no internationally agreed methodology or standards yet for the indicator, but the
methodology/standards are (or will be) developed or tested.

All indicators are equally essential. For tier I and II indicators, data availability at the national level
may not necessarily align with the global category, and countries can create their own
classification for implementation (Learn2improve, 2020). It is possible to track individual
indicators, again sorted according to the 17 SDGs core targets. At the same time, each indicator
contains the following sections: Indicator Name, Target and Goal, Definition and Rationale, Data
Sources and Collection Method, Method of Computation and Other Methodological
Considerations, Data Disaggregation, References, International Organization(s) for Global

Monitoring

SDG Industry Matrix as industry-specific examples

The SDG Industry Matrix aims to encourage and report the private sector to do more for
sustainable and inclusive prosperity. As opportunities vary from sector to sector, the matrix
provides ideas, practical examples and presents opportunities for companies to expect to create
shareholder and societal value (due to the relevant sector).

The SDG Sector Matrix was developed and maintained together by the United Nations Global
Compact and KPMG International (UN Global Compact, 2015), by transforming interest driven by
the SDGs into strategic sector actions that gain scale and impact. This can be by stimulating new
innovative approaches, encouraging companies to replicate successful activities in new markets,
encouraging new collaborations, and increasing participation in existing collaborations.
6
161
161