Some funds and businesses want to ensure that their activities operate in line with appropriate international standards and therefore seek to implement a framework which identifies, manages and monitors their environmental, social and governance (ESG) performance. Impact Value can help companies and funds to implement an ESG framework which has rigour but avoids excessively bureaucratic processes.
For businesses and investors that want to go and step further and maximise their impact, part of the challenge is establishing their routes to impact and how to measure them. You can download a simple guidance document here.
Impact Value works with businesses, investors and NGOs to design results frameworks. Through this, we help an organisation to describe the impact it wants to achieve and to define what resources and activities it will use to achieve the goals. We then help it to highlight the outputs and outcomes that will be important milestones on the journey. And we help to develop indicators that will demonstrate progress towards the goals and / or will enable feedback to ensure that the goals will be met as effectively as possible.
Impact Value can also help businesses and investors to develop a monitoring and evaluation (M&E) system to help it assess and improve its performance.
Impact assessment and M&E approaches are evolving quite fast in response to demand from investors and others for measurable results. Standardised metrics - such as the library of indicators developed by the Global Impact Investing Network, called the Impact Reporting and Investment Standards (IRIS) - are important and useful. But too prescriptive a process for assessing impact may hamper innovation and miss important routes to impact. ImpactValue helps organisations to find tailored solutions that combine the best of these evolving standardised approaches with specific elements to meet the needs of the particular business or investor.