OECD-UNDP Impact Standards for Financing Sustainable Development
A growing number of investors and corporates aim at coupling financial returns in
developing countries with positive social, economic and environmental impacts. However,
the way they measure those impacts can be at odds with actual managing practices,
and important aspects such as transparency, the protection of human rights and local
stakeholder consultation are not systematically taken into account. In order to help
mend these gaps, the OECD-UNDP Impact Standards for Financing Sustainable Development
(IS-FSD) provide a framework for donors, development finance institutions and their
private sector partners to make financial decisions and manage projects in ways that
generate a positive impact on sustainable development, and improves the transparency
of development results.
The Standards, approved by the OECD Development Assistance Committee in March 2021,
constitute a best practice guide and self-assessment tool. They are built around four
areas: Strategy, management approach, transparency and governance.