Private Sector
Engagement

About the Harmonizing Development and Business Indicators tool

To better foster private sector engagement with joint monitoring and mutual understanding of the results each party aims to achieve, this tool highlights existing alignment between U.S. Standard Foreign Assistance Indicators and indicators that are relevant for business reporting commitments by sector and industry. The tool is based on the Foreign Assistance Framework Standardized Program Structure and Definitions (SPSD), a listing of program categories that provides common definitions for the use of foreign assistance funds, around which the majority of U.S. foreign assistance programming is organized and standard indicators are defined.

Businesses are increasingly interested in measuring socio-economic impact because of the link to business success. Numerous environmental, social, and governance (ESG) frameworks have emerged over the last two decades to help investors and companies alike in the measurement of their company or portfolio performance, including the Global Reporting Initiative (GRI), SASB and IRIS+, which is a product of the Global Impact Investing Network (GIIN). These and other frameworks help companies to identify business-relevant indicators in such areas as health, energy, labor and economic growth.

This tool was designed for a primary audience of USAID internal, technical officers involved in private sector engagement and associated results monitoring. Click here to learn more about how this tool was developed.