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The World Benchmarking Alliance

Selected at the 2018 Paris Peace Forum to receive one year of support in 2019

Project led by : 

The World Benchmarking Alliance

Geographical Area
International
Theme
Inclusive Economy

By supporting the private sector in its role to deliver on the Sustainable Development Goals (SDGs), the World Benchmarking Alliance helps companies moving from aspiration to achievement.

Project

The private sector has a crucial role to play in advancing the Sustainable Development Goals (SDGs), but to boost companies’ motivation, there needs to be real change in the way that their impact is measured. That’s why the World Benchmarking Alliance (WBA) has set out to develop transformative benchmarks that will compare companies’ performance on the SDGs. The benchmarks will be backed by the best available science, while leveraging existing international norms and standards.

The WBA acts as an independent, transparent body with a broad group of allies who provide the necessary support and credibility to be a successful driver of change. Through a multi-stakeholder approach and the formation of a genuine alliance, the WBA intends to strengthen its effectivity as a global institution.

The benchmarks aim to empower all stakeholders, from consumers and investors to employees and business leaders, with key data and insights to encourage sustainable business practices across all sectors. The benchmarks methodologies will also be free to use and continually improved through an ongoing and open multi-stakeholder dialogue.

The first set of benchmarks will be published in 2020, addressing Food & Agriculture, Climate & Energy, Digital Inclusion, and Gender Equality & Empowerment. These benchmarks are developed in close collaboration with WBA Allies, with methodologies published throughout 2019. Many of WBA Allies also continue to develop indicators, methodologies and benchmarks to assess progress in other domains critical to achieving the SDGs, including business and human rights, financial regulators and decent work.

The Scale-up Committee of the Paris Peace Forum provides strategic advice regarding the creation of new indicators and the methodology's improvement. It also helps with the advocacy stream, through the facilitation of connections with key stakeholders.

Organization

The World Benchmarking Alliance brings together a broad, balanced group of stakeholders with SDG 17 (Partnership for the Goals) at its core. Allies represent a large mix of voices aligned with the universality of the SDGs. These range from civil society and business networks, to financial institutions and multilateral organisations.

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