The United Nations Environment Programme Finance Initiative, with support from peers in the Impact Management Platform, has launched the Sector Impact Matrix, a new iteration of its flagship resource previously known as the Sectors Mapping. Based on international frameworks and standards, the open-source tool is designed to identify the most likely positive and negative sustainability impacts across economic sectors and activities. The Matrix is intended to provide a common understanding of sector impacts and includes interoperability features to align users across different systems and standards. These include correspondence tables between International Standard Industrial Classification Revision 5 and other industry classifications, as well as read-across tables between the UNEP FI Impact Radar and sustainability topics used in frameworks and resources such as the European Sustainability Reporting Standards, Global Reporting Initiative standards, the Organisation for Economic Co-operation and Development Guidelines for Multinational Enterprises, the Sustainability Accounting Standards Board Materiality Finder, the Taskforce on Nature-related Financial Disclosures and the United Nations Global Compact Communication on Progress. UNEP FI positions the resource for use in materiality assessments, client screening and due diligence, client engagement, sustainability-focused products and services, and impact investing and portfolio selection. The release marks close to 10 years of work by UNEP FI's Impact Centre to develop a common language for private sector practitioners, sustainability initiatives and standards, policymakers and regulators.

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