GSCM established our Sustainability Impact Score “(SIS”), describing the range of goals to be addressed through investments ranging from stakeholder engagement to fair and safe working conditions to the goal of protecting and enhancing biodiversity. Importantly, the SIS has been refined to align with the Sustainable Development Goals (SDG) and provides a mechanism for quantification and tracking within what has become a more general but globally recognized reporting framework.
GSCM’s sustainability framework involves four key stages the Goals and Targets product includes the third and fourth stage:
- The Initial Impact review can provide a basis for a plan to improve sustainability performance.
- The second stage consists of a detailed questionnaire that is completed by the project investee management team covering all aspects of their operations. Including an in depth discussion with the project and the GSCM team.
- The third stage involves goal-setting with the management team looking at a 3 to 5-year period. Goal setting is designed to create environmental and social benefits and to manage supply chain risks. At this stage alignment with and contribution towards the SDGs is assessed. Goals can be set that capture contribution to the SDGs.
- The final stage establishes a quantitative SIS Model score and creates a tracking framework across a period of 10 years or more.
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The SIS allows for the transparent measurement of impact in a way that is consistent over time and investments. It provides a measure of performance for investee firms and investors, and facilitates monitoring and reporting. SIS also allows for reporting under the Sustainable Development Goals (SDG's).