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The World Benchmarking Alliance

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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.

NEWS

6 - 9 March 2019: Gathering of the WBA Allies in Mumbai (India) for the second time to focus on their future engagement around benchmark development and methodology, community building and learning, and collective impact on the SDGs.

29 March 2019: Publication of Digital Inclusion Benchmark: Scoping Report.

24 April 2019: Publication of the methodology of the Seafood Stewardship Index.

12 June 2019: Participation in the EatForum in Stockholm (Sweden) and launch of Food & Agriculture Benchmark: Scoping Report, including an initial list of 300+ companies.

19 and 21 June 2019: Participation in The Global Foundation Roundtables in London (United Kingdom) and Paris (France).

27 June 2019: Organization of a policy roundtable in Tokyo (Japan), on the edge of the G20 Summit.

1 July 2019: Publication of the Gender Equality and Empowerment Benchmark' summary report from the latest Roundtable on 2 June in Vancouver (Canada).

9 - 18 July 2019: Participation in the meeting of the High-Level Political Forum including hosting three side-events and the launch of Seven Systems Transformations report.

29 August 2019: Participation in the World Food Summit in Copenhaguen (Denmark).

3 September 2019: Organization of a workshop with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in Berlin (Germany) on the role and accountability of the private sector in the SDGs.

Mid-September 2019: Hosting a myriad of events at the UNGA in New York (United States).

15 October 2019: Organization of a side event at the CFS46 in Rome with the World Food Programme (WFP) and the International Fund for Agricultural Development (IFAD).

23 October 2019: Publication of the Seafood Stewardship Index ranking 30 leading seafood companies.

4 November 2019: Organization of a roundtable in collaboration with Humanity Hub and CARE International in The Hague (Netherlands).

6 November 2019: Organization of the Digital Inclusion Benchmark Roundtable at Stanford University (United States).

15 November 2019: Organization of an event with CHRB and Aviva at Aviva's Auditorium in London (United Kingdom).

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