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Project Sustainability Standard V2.1 - 2020 Global Carbon Council Project Sustainability Standard 2 of 27 Global Carbon Council Project Sustainability Standard 3 of 27 Contents 1 INTRODUCTION 5 2 BACKGROUND OF THE SUSTAINABLE DEVELOPMENT GOALS 6 3 INTEGRATING SUSTAINABLE DEVELOPMENT GOALS INTO PROJECT DEVELOPMENT 7 4 UN SDG CERTIFICATION LABELS 7 5 DESIGN OF GCC PROJECT-LEVEL SDG TARGETS AND INDICATORS 8 6 PERFORMANCE TOWARD ACHIEVING DEFINED PROJECT-LEVEL SDG TARGETS 9 7 THIRD-PARTY VERIFICATION OF GCC PROJECT-LEVEL SDG TARGETS AND INDICATORS 10 APPENDIX 1 MATRIX FOR DEMONSTRATION OF CONTRIBUTION OF PROJECT TO SUSTAINABLE DEVELOPMENT 11 APPENDIX 2 NON-BINDING BEST PRACTICE EXAMPLES FOR APPLYING UN SDGS IN GCC PROJECT DEVELOPMENT 20 Global Carbon Council Project Sustainability Standard 4 of 27 ACRONYMS ACCs Approved Carbon Credits E Environmental No-net-harm Label GCC Global Carbon Council GHG Greenhouse Gas GORD Gulf Organisation for Research and Development MENA Middle East demonstrating the additionality of actions; defining key parameters to be monitored for demonstrating GCC Project Activity contributions to SDGs; and reporting of Project Verification conclusions by a GCC Verifier. If multiple targets/indicators are selected by a Project Owner for a selected SDG, rows can be added to the table. 19. GCC Project Owners, when completing section F of the PSF, shall describe and demonstrate that a Each of the UN-level SDGs included in the GCC Project Activity includes at least one UN-level target and corresponding indicators, where possible, by suitably modifying and customizing it to the project scope, after considering nationally declared priorities; b The chosen project-level SDG targets and indicators described i are being committed to intentionally and voluntarily; ii will be positively and directly affected by the GCC Project Activity; and iii those impacts will be additional to what would have occurred in the absence of the GCC Project Activity. 8 For the targets and indicators for achieving UN SDGs see https//unstats.un.org/sdgs/indicators/Global20Indicator20Framework20after20202020review_Eng.pdf Number of UN-level SDGs targeted For each targeted UN SDG, has the Project Activity positively affected least one UN-level target and corresponding indicators8 SDG Certification Labels 2 out of 17 Yes Bronze 3 out of 17 Yes Silver 4 out of 17 Yes Gold 5 out of 17 Yes Platinum More than 5 Yes Diamond Global Carbon Council Project Sustainability Standard 9 of 27 c The PSF contains the GCC Project Activity’s targeted certification labels Bronze, Silver, Gold, Platinum, or Diamond, indicating voluntary commitments to contributing to achieving SDGs. 20. Project Owners shall submit all information listed in section F of the PSF. Please refer to the Appendix-2 provided at the end of this document, which provides non- binding best practice examples for developing and completing section F of the PSF. The following six-step procedure shall be followed when completing the form a Step 1 Project Owners shall develop a list of SDGs to be targeted by the Project Activity. Inclusion of SDG 13 climate action is mandatory as a GHG reduction project activity naturally has positive climate action impact. At least one SDG beyond SDG 13 should be selected for the inclusion in the list. The Project Owner may prioritize SDGs for the nation in preparing the list. b Step 2 Project Owners shall develop a shortlist of relevant project-level SDG targets and indicators for the SDGs identified in Step-1 above, considering the UN SDG targets and indicators9 and targets and indicators for the relevant nationally prioritized SDGs. This list may be customized with proper justification. This list shall include at least one target and corresponding indicator for each SDG targeted as per Step 1 above. An example of SDGs implementation at the project level is given in Appendix 2. c Step 3 Identify the positive effect of the Project Activity on the implementation of the selected SDGs. All the selected project-level SDG targets and indicators shall be used to demonstrate the positive effects that the Project Activity has on achieving the selected SDGs. d Step 4 For the most relevant project-level SDG targets and indicators identified in Step 2 above, provide a justification that describes how the GCC Project Activity is expected to contribute to achieving the chosen UN- level SDGs. e Step 5 Include the monitoring approach and parameters to be monitored for each selected project-level SDG target and indicator defined in the PSF section F. 6 Performance toward achieving defined project-level SDG targets 21. Project Owners shall report their Project Activity’s contributions to achieving the SDG targets and indicators committed to in the registered PSF. This shall be reported in the Monitoring Report as per Table 3, Appendix 1, prior to the start of each Emission Reduction Verification. 9 UN-level Sustainable Development Goals SDGs, Targets, and Indicators https//unstats.un.org/sdgs/indicators/indicators-list/ Global Carbon Council Project Sustainability Standard 10 of 27 22. The Matrix in Table 3, Appendix 1 shall be used to map targets and indicators for the selected UN- and project-level SDGs, as defined in Table 2, Appendix 1; to demonstrate the contributions of GCC Project Activities to achieving SDGs, and; for GCC Verifiers to report their conclusions regarding the Project Activity for the entire monitoring period. 7 Third-party Verification of GCC project-level SDG targets and indicators 23. During Project Verification, the approved GCC Verifier shall also verify the defined project-level SDG targets and indicators reported in the PSF. 24. GCC Project Verifiers shall provide, as a part of GCC Project Verification Reports, a written assurance statement that a Each of the UN-level SDGs included in the GCC Project Activity include at least one UN-level target and corresponding indicator, suitably modified and customized to the project scope, and considering nationally declared priorities; b The project-level SDG targets and indicators defined in the PSF are i committed to intentionally and voluntarily; ii positively and directly affected by the GCC Project Activity; and iii additional to what would have occurred in the absence of the GCC Project Activity. c The GCC Project Activity is expected to contribute to the targeted SDGs for the selected certification label Bronze, Silver, Gold, Platinum, or Diamond, as committed to voluntarily in the PSF. 25. During Emission Reduction Verification for each monitoring period, the approved GCC Verifier shall also verify the contribution of the Project Activity to achieving the UN SDGs committed to in the PSF and reported on in the Monitoring Report. 26. The GCC Emission Reduction Verifier shall provide, as a part of the GCC Emission Reduction Verification Report, a written assurance statement that a The achievement of project-level SDG targets and indicators defined in the PSF and described in the Monitoring Report is attributable to direct positive effects of the GCC Project Activity; and b the GCC Project Activity has actually achieved the project-level targets committed to in the PSF and, thereby, contributed to achieving the UN Sustainable Development Goals targeted for the selected certification label Bronze, Silver, Gold, Platinum, or Diamond as defined in the registered PSF and reported on in the Monitoring Report. Project Sustainability Standard Global Carbon Council 11 of 27 Appendix 1 Matrix for Demonstration of Contribution of Project to Sustainable Development Table 2 PSF Matrix defining the Project-level SDGs, targets and indicators and providing the Project Verifier’s conclusion UN-level SDGs UN- level Target Declared Country- level SDG Defining Project-level SDGs GCC Project Verifier’s Conclusion to be included in Project Verification Report only Project-level SDGs Project-level Targets/ Actions Project-level Indicators Contribution of Project- level Actions to SDG Targets Monitoring Verification Process Are Goal/ Targets Likely to be Achieved Describe UN SDG targets and indicators See https//unstats.un.org/ sdgs/indicators/indicat ors-list/ Describ e the UN- level targets and corresp onding indicato r nos Has the host country declared the SDG to be a national priority Indicate Yes or No Define project- level SDGs by suitably modifying and customizing UN/ Country-level SDGs to the project scope. For guidance see Integrating the SDGs into Corporate Reporting- A Practical Guide https//www.unglo balcompact.org/d ocs/publications/P ractical_Guide_S DG_Reporting.pdf Define project-level targets/actions, by suitably modifying and customizing UN/Country-level targets to the project scope. Define the target date by which the Project Activity is expected to achieve the project- level SDG targets. Refer to the previous column for guidance Define project- level indicators by suitably modifying and customizing UN/Country-level indicators to the project scope or creating a new indicators. Refer to the previous column for guidance Describe and justify how actions taken under the Project Activity are likely to result in a direct positive effect that contributes to achieving the defined project-level SDG targets and is additional to what would have occurred in the absence of the Project Activity Describe the monitoring approach and the monitoring parameters to be applied for each project-level SDG target and Indicator Describe how the GCC Verifier has verified the claims that the Project Activity is likely to achieve the identified project-level SDG targets Describe whether the project-level SDG targets is likely to be achieved by the target date Yes or No Project Sustainability Standard Global Carbon Council 12 of 27 Case-study from Coca-Cola and other organizations to develop organization-wide SDGs page 114 https//pub.iges.or .jp/pub/realising- transformative- potential-sdgs Goal 1 End poverty in all its forms everywhere Goal 2 End hunger, achieve food security and improved nutrition and promote sustainable agriculture Goal 3. Ensure healthy lives and promote well-being for all at all ages Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all Goal 5. Achieve gender equality and empower all women and girls Project Sustainability Standard Global Carbon Council 13 of 27 Goal 6. Ensure availability and sustainable management of water and sanitation for all Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation Goal 10. Reduce inequality within and among countries Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable Goal 12. Ensure sustainable Project Sustainability Standard Global Carbon Council 14 of 27 consumption and production patterns Goal 13. Take urgent action to combat climate change and its impacts Goal 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development Goal 15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss Goal 16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels Goal 17. Strengthen the means of Project Sustainability Standard Global Carbon Council 15 of 27 implementation and revitalize the global partnership for sustainable development SUMMARY Targeted Likely to be Achieved Total Number of SDGs Certification label Bronze, Silver, Gold, Platinum, or Diamond for the ACCs as defined in the PSF Project Sustainability Standard Global Carbon Council 16 of 27 Table 3 Monitoring Report matrix describing the performance of the Project Activity toward achieving project-level SDG targets and indicators and ER Verifier’s conclusion UN-level SDG as defined in the registered PSF UN-level Target SDGs prioritized by the Host Country Project-level SDGs as defined in the registered PSF GCC ER Verifier’s Conclusion to be included in Emission Reduction Verification Reports only Project- level SDGs Project-level Targets/ Actions Project- level Indicators Contribution of Project-level Actions to SDG Targets Monitoring Verification Process Are Goal/ Targets Achieved Describe UN SDG targets and indicators as defined in the registered PSF Describe the UN-level targets and corresponding indicator nos as defined in the registered PSF Has the host country declared that the SDG is a national priority Yes or No Describe the project- level SDGs defined in the registered PSF for the Project Activity Define project- level targets/ actions and target dates for achieving them for each project- level SDG defined in the registered PSF Describe the project- level indicators for each project- level target defined in the registered PSF Describe and justify how the Project Activity has had a direct positive effect that contributed to achieving the project-level SDG targets and indicators defined in the registered PSF and how those contributions are additional to what would have occurred in the absence of the Project Activity Describe the monitoring approach and the monitoring parameters applied for each project- level SDG target and indicator, as defined in the registered PSF Describe how the GCC Verifier has verified claims that the Project Activity has achieved the project- level SDG targets defined in the PSF Describe whether the project-level SDG targets defined in the PSF were achieved by the target date. Yes or No Goal 1 End poverty in all its forms everywhere Goal 2 End hunger, achieve food security and improved nutrition and promote sustainable agriculture Project Sustainability Standard Global Carbon Council 17 of 27 Goal 3. Ensure healthy lives and promote well- being for all at all ages Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all Goal 5. Achieve gender equality and empower all women and girls Goal 6. Ensure availability and sustainable management of water and sanitation for all Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all Goal 9. Bui
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