The OECD-UNDP has launched the Impact Standards for Financing Sustainable Development (IS-FSD). These are a best-practice guide and self-assessment tool for public and private investors seeking to optimise their positive contribution to the sustainable development goals (SDGs).
The Standards facilitate transparency in investment reporting and will contribute to the reduction of “impact washing” – a process in which investors claim to align with and contribute to development objectives without providing meaningful supporting evidence.
The OECD Development Assistance Committee (DAC) approved the standards in March 2021. It aims to mark a step towards greater public accountability amongst the organisations involved in financing sustainable development.