{"id":1476,"date":"2021-09-14T20:40:15","date_gmt":"2021-09-14T20:40:15","guid":{"rendered":"http:\/\/3.131.116.215\/ra\/sherpainstitute_stagenew\/?p=1476"},"modified":"2021-09-30T01:28:15","modified_gmt":"2021-09-30T01:28:15","slug":"sdg3-target-indicators-transformed-into-kpis-part-1","status":"publish","type":"post","link":"http:\/\/3.131.116.215\/ra\/sherpainstitute_stagenew\/sdg3-target-indicators-transformed-into-kpis-part-1\/","title":{"rendered":"SDG3 Target Indicators Transformed into KPIs – Part 1"},"content":{"rendered":"

9\/20\/2021<\/p>\n

SDG3 Team<\/a><\/p>\n

Thank you for your interest in Good Health and Well-Being! Did you know that 80% of healthcare problems arise due to non-clinical issues? All types of businesses, not just those in the healthcare industries, are needed to impact the SDG3 Targets. The non-clinical issues affecting well-being are social determinants of health (SDoH) including \u00a0education, employment and job security, working conditions, food security, housing, transportation, and more.\u00a0 Keep these SDoH* in mind, as they are factors that businesses of all types and sizes can impact.<\/p>\n

SDG3 has 13 Targets, with 28 indicators for measurement of progress, all simple measures with no compound indicators as some other SDGs have. Around a quarter may be used with various modification for most businesses.\u00a0 Two have no relevance outside of companies with poisonous or toxic effluent or products. \u00a0A handful of the Target Indicators have very limited relevance for our readers. By changing measurements from the national level to within the facility or community, a bit more than half of these Target Indicators can be adapted to be relevant for most businesses.<\/p>\n

Given that the United Nations indicators are articulated at a national level, we see the need for adaptation of Target Indicators across all the SDGs.\u00a0 You might be surprised to learn that the SDGs were ratified in 2015 without any Target Indicators.\u00a0 Can you imagine launching a strategic initiative in your business without planning to measure progress?\u00a0\u00a0 In 2017, the Target Indicators were added; and they are periodically reviewed and updated.\u00a0 But they are not written for businesses.<\/p>\n

In our Corporate Guidebook, chapter by chapter, we propose possible business key performance indicators (KPIs) which are specific, measurable, actionable, relevant, and timebound (SMART).\u00a0 Considering the topics in SDoH, the addition of inclusive and equitable (SMARTIE) is a business imperative for SDG3.\u00a0 We will use industry scenarios as examples to share KPIs that would work in business for each Target.\u00a0 You have the opportunity to use these examples as guides to create your own<\/em> KPIs for your own<\/em> business\u2019s situation and strategy.<\/p>\n

\"\"<\/p>\n

You will need to create SDG3 KPIs that are relevant to you and your company, and it is not just SHERPA Institute telling you this.\u00a0 One of the leading global consultancies, PwC, explains \u201cSDG relevant KPIs the all-important bridge between prioritizing the Goals, embedding them into business strategy and action planning, and, in turn, producing better reporting\u201d\u00a0(2018, p. 21).<\/p>\n

When you\u2019ve prioritized the SDG3 Targets that you can impact, and a strategy with opportunities your team will pursue, you will develop your own SMARTIE KPIs.\u00a0 This is a strategic activity, with diverse stakeholders from all functional areas and deliberate inclusion of all levels and interest groups. \u00a0Consider a PPE manufacturer, whose business objective is to meet the yearly forecasted demand.\u00a0 The pandemic has thrown a wrench into production plans.\u00a0 The firm should get advice beyond senior executives, gathering input from sales, customer service and warehouse employees.<\/p>\n

Your KPIs should be both leading and lagging, which serve different purposes.\u00a0 Lagging indicators measure performance after activities have occurred; for example, last quarter\u2019s production. \u00a0There is nothing that can be done at this point to change those results.\u00a0 However, it may influence reactionary short-term plans.\u00a0\u00a0 In response to lower output in the previous quarter, a firm could offer overtime for additional shifts, which can be detrimental to health.<\/p>\n

While lagging indicators allow us to react, it is also important to have leading indicators. These measure the conditions you\u2019ve put in place to achieve your objectives. This allows you time to make improvements and stay on track. \u00a0Using more examples from manufacturing, leading indicators include forecasted state of the supply chain (which suffered in the early parts of the pandemic), days inventory of raw materials, and scheduled factory downtime.\u00a0 For every business objective, it is important to have a minimum of two KPIs, both leading and lagging.<\/p>\n

In our next Insights Article, we will share one example of how SDoH* can apply to any business.\u00a0 We show how we\u2019ve modified an SDG3 Target Indicator for business producing both leading and lagging SMARTIE KPIs.\u00a0 If you have any questions or thoughts on this topic, we invite you to share below.\u00a0 Has your business produced SDoH KPIs for SDG3?\u00a0 We\u2019d love to hear from you!\u00a0 Thank you again for your interest.<\/p>\n

*To learn more about SDoH, please read the article series by SDG3 Co-Author, Dr. Elissa Torres<\/a>.\u00a0 You may also want to read SDG3 Co-Author Marilyn Johnson\u2019s<\/a> series on how to incorporate SDoH and the SDGs into your career!<\/p>\n

PwC. (2018). SDG Reporting Challenge 2018.<\/em> Price Water Cooper. Retrieved from https:\/\/www.pwc.com\/hu\/hu\/kiadvanyok\/assets\/pdf\/sdg_reporting_2018.pdf<\/p>\n

Copyright 2021 SHERPA Institute. All rights reserved \u2013 please cite and link to this web page.<\/p>\n

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9\/20\/2021 SDG3 Team Thank you for your interest in Good Health and Well-Being! Did you know that 80% of healthcare problems arise due to non-clinical issues? 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She has a long history of involvement and activism in environmental and human rights causes starting in secondary school reading Rachel Carson\\u2019s \\u201cSilent Spring\\u201d and continuing throughout life, particularly with the Sierra Club but also many other groups. With a BA from Cornell University, double major in mathematics and chemistry, and an MBA with High Distinction from University of Michigan (Ross), double concentration in finance and strategic planning, she has had a long successful career. She worked for MassMutual Life Insurance, General Motors, Unilever and the education industry. Ms. Holder is a 42-year member of the American Association for the Advancement of Science (AAAS), a senior member and past local board member of the American Society for Quality (ASQ), and has served in many non-profit boards and as a judge for science and technology competitions for secondary schools. 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