Gold Standard is working to fully digitise Gold Standard for the Global Goals and our certification workflow to enhance the accessibility, practicality, and robustness of our standard, while seamlessly integrating with marketplaces and exchanges that allow companies, investors, and individuals to simply and transparently support verified climate and development impact
Driving systems changes in climate and sustainability through next-generation digital solutions and governance innovations designed for scale, interoperability, and equitable system access.
The Open Collaboration for Digitising Impact was set up in 2022 to use a collaborative, multi-stakeholder approach to build consensus on good practice in digitising impact across the value chain. The collaboration aims to design, document, test, and build digital solutions that are: open source, without user fees, low-energy, modular, and with the highest levels of data integrity and security.
In 2022, the Open Collaboration partners secured a grant from Google.org Charitable Giving and launched working groups that will develop principles, knowledge products, and prototypes for transformative next-generation digital solutions.
Results
The three working groups formed were:
The outputs of these groups are now available and open source to allow organisations from across the carbon market to build upon the work carried out so far.
For more information please contact
[email protected]Thanks to the support from Open Collaboration sponsor, Google.org Charitable Giving.
In 2024, a digital version of the SDG Impact Tool was released Visit the SDG Impact tool to further enhance the reporting, quantification and verification of impactful contributions towards the Sustainable Development Goals (SDGs). This tool is part of the work to digitalise Gold Standard for the Global Goals and streamline the project certification process, intending to decrease complexities of the process and increase efficiency in issuing credits. It simplifies the reporting, quantification, verification, and certification of the safeguarding principles assessment and the sustainable development impact of Gold Standard projects. Project Developers can input SDG impact data, submit projects to Auditors and Reviewers for evaluation, and receive results and feedback within the tool – reducing administrative work and creating one channel of communication for key stakeholders. It can also be used by countries hosting projects to set the SDG indicators that align with Nationally Determined Contributions (NDCs).
In addition, a new public ‘SDG Impact Dashboard’ was released at the same time, which showcases climate and SDG impact data from Gold Standard projects, across time, location, technology type, and more. The Dashboard offers access to key project data in visualisations, leading to better informed decisions by project supports, investors, host country governments, and other market stakeholder. This new development supports the call for increased access to, and better use of, data across the carbon market.
There are plans for the Tool to be further developed over time, including expanding the scope of SDG indicators, and for the Dashboard to be advanced to showcase more granular data sets.
The digital SDG Impact Tool and SDG Impact Dashboard were developed by The Gold Standard Foundation with financial support from the Swedish Energy Agency and digital services provided by Thinking Machines Data Science.
Working with the Climate Ledger Initiative Climate Ledger Initiative website, we are piloting new technologies such as Internet of Things (IoT), Distributed Ledger Technology (DLT) and Artificial Intelligence (AI) to improve data quality from the Monitoring, Reporting and Verification (MRV) process – improving efficiencies, driving down costs and overcoming barriers to scale. Read more about our use cases in the reports featured below:
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