Impaakt uses the Sustainable Development Goals as our framework for measuring businesses' impact on the planet. With each impact note written, the writer chooses the SDG that will be impacted the most in that note. The culmination of the impact notes and the ratings they receive from the wider community, produce the company impact score. The end goal (pardon the pun) is that investors can use our impact scores to make more informed decisions on how they invest, and the wider public can use them to decide which companies they want to buy from or advocate for.
Investment has notoriously been focused on what revenues can be generated, rather than what good the investment can achieve.
By altering this mindset through a combination of promoting the Sustainable Development Goals and our company impact scores, we can make sure that the future moves towards sustainable business practices rather than a drive for pure profit.
“The exclusive pursuit of short-term profit is incompatible with the promise to realize sustainable and inclusive development for all people, everywhere, on a healthy planet.”
Quote from António Guterres, the United Nations Secretary-General in a report found here.
Building Sustainable Businesses via the SDGs
With our platform we are changing the way companies are measured, so whilst businesses can issue Corporate Social Responsibility (CSR) reports on what practices they have in place, without a real, unbiased measure of their impact we remain in the dark somewhat about how their business impacts our progress toward the Sustainable Development Goals.
Our company impact scores are a key part of understanding the impact of a business on the world around them, following every goal set out by the UN. From the smallest brand to the largest business, we comprehensively assess sustainability and make sure that investors and businesses are educated on where companies meet the SDGs or where they may need to improve or change what they are doing.
We aim to ensure that businesses and investors become aware of the sustainability of their actions and the impact they have on the world around them. From sustainable manufacturing to building sustainable brands, our impact score can educate and inform sustainability as we move into a challenging era for the world.
We hope this article has helped you understand more about the SDGs, if you feel like sharing it with others, you can use the social share buttons. And of course, if you want to learn more about us here at impaakt, check out our story or our how it works page.
The Impaakt Team