As you probably know, Social Value Aotearoa represents the New Zealand arm of the international community – Social Value International (SVI). SVI are currently involved in two significant international consultations on impact management, and we want your feedback.
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.
In a Nutshell
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 email@example.com
The International Financial Reporting Standards (IFRS) Consultation
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 Foundationhave 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 availablehere, 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 usethis google documentto comment on the SVI statement.
Please note the deadline for comments is Nov 25
The SDG Impact Practice Standard for Enterprise Consultation
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 uson 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 Enterprisesahead of the session and for further context you can watch thissession on Mobilizing the Private Sector Towards Achieving the SDGs from Social Value Matters 2020.
These consultations represent an exciting shift in social accounting and highlight the increasing importance placed on sustainable and ethical practice, and the need to be able to measure and report on that practice. SVA supports these consultations and encourage our members and community to get involved in the push for change.