Applications of the Standard
Gold Standard for the Global Goals can customise certification pathways depending on the objectives of the project developer and funders.
1. PROJECT CERTIFICATION + REPORTING
This confirms that a project met all standard requirements and has followed a compliant monitoring plan. Project certification also provides certified impact statements that capture the project’s contributions to the Sustainable Development Goals. This option is generally used to de-risk projects and provide credible impact data to report on their SDG contributions.
2. IMPACT CERTIFICATION FOR MONETISATION
If a project developer wishes to monetise specific climate or development impacts to fund their project, as in carbon markets or through results-based finance structures, they must demonstrate proof of financial need for the delivery of those Certified SDG Impacts and must follow an official methodology approved by the Gold Standard Technical Advisory Committee. This provides the levels of assurance needed for some funders and for trading of financial instruments like carbon credits.