What is Gold Standard for the Global Goals?

WHAT IS GOLD STANDARD FOR THE GLOBAL GOALS?

The Gold Standard for the Global Goals (“GS4GG”) is a standard that certifies the positive effects of sustainable development goals (SDGs) in results-based finance. It covers a range of advantages including water, renewable energy, health, and gender equality. This certification enables project developers to quantify the value of their project’s impacts in monetary terms and provides project funders with the highest level of confidence that the intended results have been achieved.

Gold Standard projects registered under the previous versions are required to update to Gold Standard for the Global Goals, with the date of upgrading depending on the project context. To upgrade, an annex demonstrating how a project meets the GS4GG’s new requirements must be prepared. The updated Standard is aligned with the Sustainable Development Goals and introduces new safeguarding principles for some project types amongst other things. 

The Gold Standard Foundation became an ISEAL (ISEAL is the global association for credible sustainability standards) associate member in 2016 and developed Gold Standard for the Global Goals in line with ISEAL requirements in July 2017.