The first version of the SDG Impact Standards for Private Equity Funds is now available
The SDG Impact Standards are being designed to help businesses and investors translate their desire to make a positive contribution towards achieving the SDGs by 2030 into action. The first version of the Standards for Private Equity Funds is now available, and Summa Equity is part of the Implementation Working Group.
The Standards aim to represent best practice with regards to impact management and measurement practices, they can be used by anyone, will be voluntary and a freely available public good.
We are excited to share our experiences to contribute to a best practice standard for the industry. In an increasingly crowded marketplace where funds claim to be SDG enabling and concerns around funds “SDG-washing”, it is important that these SDG Impact Standards recognize and lift those who are truly changing how business is done, says Reynir Indahl, founder and Managing Partner, Summa Equity.
Given the changing marketplace where more funds are trying to navigate how to enable the SDGs, these Standards aim to help drive capital where it is needed the most. These Standards will also help funds that are creating SDG impact differentiate themselves. Read the full statement from SDG Impact on the UNDP website.
The Implementation Working Group, including Summa, will do a self-assessment in relation to the Standards, to help UNDP develop further guidance, best practice examples and provide input for the assurance model. To stay updated in the process, sign up for the Newsletter here.