Update: Thanks to everyone who joined Phase 2 huddles! If you missed them, don’t worry – recordings and slides can be found here.
The next phase of the Impact Management Project is underway.
The objective is to make the practice of impact management as easy-to-understand and accessible as possible. It’s time to move from conceptual agreement to practical application.
Phase 2 runs through September 2018, and the project will continue to be multi-disciplinary and collaborative. Read on to make sure you’re involved in shaping what comes next.
Already using the dimensions? Let us know how it’s going.
If you manage your impact already, it’s extremely likely that the dimensions are already visible in your tools, processes and the way you describe the impact you expect.
To bring the dimensions to life, we’d love to hear how you are using them in your own context: across business, policy, evaluation, academia, investment and beyond. Please get in touch if you’d like to write a blog on what you’re learning.
In Phase 2, we will be working with some standards bodies to incorporate the dimensions – including the Global Reporting Initiative (GRI) and B Lab’s GIIRS rating – and testing practical application through membership networks – including the Aspen Network for Development Entrepreneurs, TONIIC and the Global Impact Investing Network.
Do you manage a tool or resource? Show us where it fits.
Across the website, we have signposted to tools and resources where they are most helpful within the impact management process. It’s a tribute to the great work that exists out there, and we hope you explore the resources in more detail.
However, we probably missed a few of you – so if you want to talk about your work and illustrate how it links to the convention, let us know at firstname.lastname@example.org.
Eager to join the ongoing co-creation process?Tell us what keeps you up at night.
Phase 2 of the Impact Management Project will focus on creating practical guidance, training materials and templates to help with the following five common pain points:
A – Understanding intentions
How can wealth advisors and institutional asset managers best understand and match the preferences of asset owners with the right kind of investment product?
We’ll be discussing: what a standardized client due diligence questionnaire for impact looks like, so asset managers can truly understand client preferences.
B – Constructing a portfolio to meet our goals
How can an investor construct a portfolio that is best suited to meet both their financial and impact goals?
We’ll be discussing: what tools and templates are needed, and how these can be embedded into existing investment due diligence processes
C – Summarising the impact of our portfolio
How can we summarize and communicate the impact performance of a portfolio of diverse investments?
We’ll be discussing: approaches to summarizing the impact of a group of enterprises or strategies, using no more than the information enterprises collect to manage their impact
D – Decision-making at the enterprise level
How does an enterprise manage and communicate their material effects on people and planet?
We’ll be discussing: what is required for an enterprise to manage data about their impact on people and planet, enabling them to reduce negative impact and increase positive impact
E – Understanding experience
What data can be collected efficiently across the five dimensions of impact directly from people experiencing change?
We’ll be discussing: whether it’s possible to create a standard set of questions to understand the impact people are experiencing across the five dimensions.
Have we missed a pain point that you think we should work on? Let us know at email@example.com.
Want to see more – and better – impact management? Help us find a home for this work.
With the support of generous funders and partners, by September 2018, we will produce a range of practical templates, case studies and training materials to support impact management worldwide.
To date, the projected has been facilitated by Bridges Impact+. We have loved the work, but are committed to ensuring that by the end of the second phase we will have found a long-term home (or homes) that keeps the work in the public domain and can provide those looking to improve their impact management practice with the support they need to learn and improve.
We will be working closely with our Advisory Group and will be consulting many of the core partners throughout the process. This project wouldn’t have been possible without your support – so we want to make sure we’ve heard all your views first.
Email your thoughts to us at firstname.lastname@example.org.