Supporting projects that meet the needs of the present without compromising the ability of future generations to meet their own needs
A flexible framework for assessing and reporting on the sustainable development benefits of project-based activities, helping unlock new sources of finance to support and scale up high-impact efforts.
It can be challenging to consistently and transparently assess and communicate the social, environmental and economic impacts of projects supported by companies, NGOs, investors, development finance institutions (DFIs) and governements. The Sustainable Development Verified Impact Standard (SD VISta) is being designed to address these challenges.
SD VISta will complement two of Verra’s existing project standards, the Verified Carbon Standard and Climate, Community & Biodiversity Standards. Building on our experience in developing and managing those standards, SD VISta will deepen and broaden our offering to stakeholders that wish to demonstrate the sustainable development benefits of site-based activities in all sectors.
SD VISta will:
- Provide a flexible framework for project developers (including but not limited to VCS project proponents) and marketers to define, and consistently report on, their most relevant and valuable project outcomes, and link those to investors, buyers and other key stakeholders – potentially enabling market access or price premiums
- Facilitate private-sector engagement and alignment of project actions and reporting with the Sustainable Development Goals (SDGs) and targets at the national and global levels
- Provide an independent, credible and transparent means for companies to demonstrate achievement of their business and corporate social responsibility goals, such as meeting zero-net deforestation commitments, supporting women and children, and improving livelihoods, health and access to water
- Help DFIs (e.g. IDB, AfDB) and impact investors address potential environmental and social risks, maximize target outcomes from their sustainable development project portfolios, and link those to national and regional sustainable development priorities
- Unlock new sources of finance and drive results-based payments to high-performing projects, supporting their up-scaling and replication
How it works
Projects developed under the SD VISta program must follow a rigorous assessment process in order to be certified.
- SD VISta: The standard (and associated program documents) will lay out the rules and requirements which all projects must follow in order to be certified.
- Independent Auditing: All SD VISta projects will be subject to assessment by qualified independent third parties and Verra staff to ensure that standards are met.
- Methodologies: Projects may use any method to meet SD VISta requirements. Verra will provide guidance on appropriate methodologies and, in cases where projects generate sustainable development assets, Verra will approve methodologies.
- Registry System: Verra will track and make publicly available data on all SD VISta projects. The Verra registry system will track the generation, retirement and cancellation of any SD VISta-verified sustainable development asset as well as all Verified Carbon Units that bear a SD VISta label, which indicates that an emission reduction unit was generated during a SD VISta-verified period.
Call for expressions of interest: Pilot testing the Sustainable Development Verified Impact Standard
The VCS is looking for interested project developers/representatives to pilot test this version of SD VISta between January 2018 and June 2018.
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