Opportunity to Participate in Consultations

The New Zealand impact community is well respected internationally, and often offers unique perspectives, in particular from a Te Ao Māori lens. These consultations represent an important opportunity for our voices to be heard on the international stage and to help shape global standards for impact management and measurement.

There are two consultations open for your participation

• IFRS Consultation – deadline for feedback November 25 (google doc linked below)
• SDG Impact Practice Standard for Enterprise Consultation – webinar to contribute Nov 24

Both consultations are explained further below.

You can direct any questions you may have to Megan Shove at megan.shove@socialvalueaotearoa.nz

The IFRS Foundation was established to develop a single set of globally accepted accounting standards. It is the organisation behind IFRS Standards—financial reporting standards required for use by more than 140 jurisdictions.The Trustees of the IFRS Foundation have published a Consultation Paper to assess demand for global sustainability standards and, if demand is strong, assess whether and to what extent the Foundation might contribute to the development of such standards.

This is an exciting opportunity to advocate for the inclusion of social value considerations alongside mainstream financial accounting practices. 

SVI have facilitated two discussion sessions with members so far. Unfortunately they were not aligned to New Zealand timezones, but the recording is available here, providing an overview of key discussion points.

SVI are now seeking feedback from the international community to shape their response to this consultation. You can use this google document to comment on the SVI statement.

Please note the deadline for comments is Nov 25

Businesses and investors are increasingly seeking opportunities to make positive contributions towards sustainable development and achieving the SDGs by 2030 – and are looking for guidance to help translate their intent to action. The SDG Impact Standards have been designed to meet that need.The SDG Impact Standards are a set of practices that organizations can apply to help build a more sustainable, inclusive and resilient world. The Standards provide a common language and best-practice guidance for integrating impact management into business and investment practices and decision-making with an eye towards positive and negative effects on people and the planet.

Join us on Tuesday 24th November at 10am GMT to learn more, and be a part of, Social Value International’s response to the SDG Impact Practice Standard for Enterprise Consultation.

Ben Carpenter, CEO of Social Value International and Jeremy Nicholls, Non-Exec Director and co-founder of Social Value International will be discussing the importance of this consultation, its role in standardizing SDG reporting for enterprises, and the feedback Social Value International will give in response to the current consultation.

More information about the SDG Impact Standards can be found here 

It will help if you have read, and are familiar with the draft SDG Impact Standard for Enterprises ahead of the session and for further context you can watch this session on Mobilizing the Private Sector Towards Achieving the SDGs from Social Value Matters 2020.