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Digital Monitoring Reporting + Verification (MRV)

 
Removing barriers to scale: We are working to pilot and scale new ways to monitor impact to get better impact data, more efficiently.
MORE IMPACT, BETTER DATA, LESS COMPLEXITY 


Credible quantification and reporting of the SDGs allows those funding climate change mitigation activities to transparently communicate to stakeholders the benefits those actions bring to the global community - catalysing more climate action.

Toward this end, Gold Standard is piloting a new SDG Impact Tool to help project developers more efficiently monitor, quantify and verify a project's contributions to the Sustainable Development Goals (SDGs).

Built on principles formed in the SDG Tool Guidance, co-developed with myclimate, Climate Seed, the Swedish Energy Agency, and UN SDSN, this tool provides a standardised template to clearly and transparently monitor SDG impact alongside carbon reductions – making the process more efficient and minimising the cost of Monitoring, Reporting and Verification (MRV) for project developers whilst ensuring SDG impact claims remain specific and credible.

 

27 August 2019
SDG Tool Guidance
Guide

The Gold Standard SDG Impact Tool ensures impact claims are quantitative, accurate and credible – maximizing impact while avoiding SDG washing.

The SDG Impact Tool delivers:

  • Streamlined MRV, increasing efficiency and reducing costs whilst ensuring SDG impact claims remain accurate and credible
  • Contributions to multiple SDG impacts while minimising the extra burden of MRV for project developers and auditor
  • Enhanced communication of SDG contributions by having a transparent, standard and, in the next phase, compelling way to visualise the impacts
  • Aggregation of SDG impacts for reporting at a portfolio level and comparability within sectors
  • Standardised impact indicators and quantification methods to allow for clear comparison of project performance

If you are involved with project development and would like to be part of this piloting phase, please contact Kranav Sharma for more information.

ACKNOWLEDGEMENTS

Thank to all those who have contributed to the creation of this tool. 

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Working with the Climate Ledger Initiative, 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: