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Glossary

Impact Management

Definition

  1. The ongoing practice of integrating sustainable development and impact considerations into decision-making and practices through strategy, management approach, disclosures, and governance to optimize contributions to sustainable development and the SDGs. This includes setting ambitious impact goals in the context of suitable baselines and thresholds; involving Stakeholders in decision- making; identifying, measuring, valuing, managing, and disclosing material impacts; and establishing learning and continuous improvement mechanisms.
  2. Systems and Processes for decision making to optimize social value.

Source

  1. United Nations Development Programme. (2021). SDG Impact Standards Glossary. https://sdgimpact.undp.org/assets/SDG-Impact-Standards-Glossary.pdf
  2. Glossary 2.0 – Social Value International. (2023). Social Value International. https://www.socialvalueint.org/glossary-20
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