This innovative and engaging book discusses the contribution of business to the Sustainable Development Goals (SDGs) adopted by the United Nations in 2015. It critically analyses selected impact measurement and management tools to highlight their respective benefits and limitations, and also provides guidance on critical management decisions to support high-quality impact measurement and management. The analyses underlying this book are the result of a three year research project conducted by an international consortium in the EU-funded research project GLOBAL VALUE - Managing Business Impact on Development. The research is complemented by examples from corporate practice and expert interviews to demonstrate and measure the contribution of business to sustainable development in the context of the SDGs.

Norma Schönherr is a Project Manager and Research Associate in the Institute for Managing Sustainability at Vienna University of Economics and Business, Austria. Her areas of expertise include CSR, corporate sustainability, sustainable development, sustainability management and responsible innovation.

André Martinuzzi is Head of the Institute for Managing Sustainability and Associate Professor at Vienna University of Economics and Business, Austria. He has more than 20 years of experience in coordinating EU-wide research projects for the European Commission, as well as for international organizations and ministries. He is an expert in the fields of corporate sustainability, responsible innovation, evaluation and knowledge brokerage.

1;Preface;5 2;Acknowledgments;8 3;Contents;9 4;Notes on Contributors;11 5;List of Figures;13 6;List of Tables;15 7;List of Boxes;16 8;Chapter 1: Introduction: The Sustainable Development Goals and the Future of Corporate Sustainability;18 8.1;A History of Corporate Sustainability in a Nutshell;19 8.2;Impact and the Future of Corporate Sustainability;24 8.3;Enter the Sustainable Development Goals;25 8.4;What to Expect of This Book;29 8.5;References;32 9;Chapter 2: The Corporate Toolbox;35 9.1;What Is in a Tool?;38 9.2;Purpose;39 9.3;Contents;48 9.4;Level of Analysis;52 9.5;Application Context;56 9.6;Implementation Requirements;59 9.7;Building a Smart Toolbox;63 9.8;References;67 10;Chapter 3: Scoping What Matters: An Introduction to Impact Mapping;70 10.1;The Concept of Materiality;71 10.2;A Review of Current Materiality Assessment Practices;73 10.3;Basics of Impact Mapping;74 10.4;Implementing Impact Mapping;74 10.5;Using Impact Mapping for Understanding Pathways of Impact;77 10.5.1;Henkel: Alternatives to Animal Testing;78 10.5.2;Brau Union Österreich AG: Measures for Renewable Energy Use: CO2 Neutral Brewery;80 10.5.3;Vöslauer Mineralwasser AG: The PET to PET Recycling Manufactory;81 10.6;Developing an Impact Map at Company Level;83 10.7;Summary;85 10.8;References;86 11;Chapter 4: Measuring What Matters: Standardized Versus Customizable Impact Measurement Tools;90 11.1;Standardized and Customizable Impact Measurement Tools;91 11.2;Standardized Tools;96 11.2.1;When to Use Standardized Tools;97 11.3;Customizable Tools;99 11.3.1;When to Use Customizable Tools;99 11.4;Hybrid Approaches;102 11.5;Conclusions;106 11.6;References;106 12;Chapter 5: Managing What Matters: Integrating Impact Measurement into Corporate Sustainability Management;109 12.1;Sustainability Management Systems and Impact Assessment;110 12.2;A Typology of Tools;113 12.2.1;Management System Control Tools;113 12.2.2;Management System Frameworks;116 12.2.3;Impact-Oriented Tools;118 12.2.4;Business Value Tools;119 12.2.5;Reporting Tools;121 12.2.6;Choosing a Tool for Specific Management Objectives;121 12.3;Summary and Conclusions;122 12.4;References;123 13;Chapter 6: Implementing Impact Measurement and Management;126 14;Index;142