Catherine Griffin

The value of rigorous impact assessment & where to begin

Social Impact Assessment can be overwhelming

The struggle is real
These days, a lot of companies struggle with impact assessment. While social mission drives 33% of startups, many social entrepreneurs struggle to quantify impact. Companies often lack an understanding of the levers within their business models that drive social or environmental impact, or the tremendous value they create as a result. Social impact assessments offer founders the tools to build businesses that execute on their mission, and offer powerful proof points for unlocking the $4 Trillion impact and EGS capital market. Most social entrepreneurs want this level of clarity regarding their company’s impact operations but feel overwhelmed and confused about where to begin and how. Often, the price tag for this work exceeds their modest budgets.
impact assessment
Invested for Impact & ESG

Democratizing access to Impact assessment

It doesn't need to be hard.
ImpactableX simplifies social impact assessment by providing a core impact modeling framework that generates verified, standardized and dynamic impact analytics.  Designed specifically for social entrepreneurs and their investors by an award-winning impact accelerator in 2014, ImpactableX provides a core modeling framework that allows founders to capture their impact under various growth scenarios, regardless of whether they have years of primary impact data or not.  It can be applied to any business model, any impact vertical, at any stage of development, and as founders evolve their sales estimates and collect primary impact data, they can feed these inputs into their core model to refine their analytics over time.

This approach to social impact assessment goes far beyond a static snapshot quantification. It provides a consistent, centralized impact management tool that dynamically evolves.
impact assessment

Social Impact Assessment: Step 1

1. Defining impact
During an impact assessment, we guide founders through the three components of the ImpactableX framework to build their custom impact model.  First, we define a company’s core impact metrics - the measurable expressions of impact that capture the salient drivers of a company’s value proposition. Then, our impact assessment technology will align these metrics with global standards like the SDGs and the IRIS+ core metrics to be sure we’re all measuring the same things and working towards aligned goals.
impact investors consider impact data
important. 79% of them consider impact data
during screening & due diligence - before
making an investment

Social Impact Assessment: Step 2

2. Additionality
Once your key metrics and outcomes are defined, its time to break down your business model to quantify attribution,  a company’s “additionality” or contribution to a problem compared to the counterfactuals. We calculate the change that is uniquely attributable to a company’s intervention. This step of a business impact assessment yields insight into both unit-level impact efficacy as well as the total impact outputs over time. Rigorous impact analysis helps management teams begin to see their company’s impact potential under various growth scenarios.

Impact Assessment = Delta

Our approach to impact assessment guides you through defining your impact, capturing your impact attribution, translating it into economic value and generating summary analytics that reflect the efficiency of your business model as a lever for impact.  

New technologies offer powerful tools to meaningfully change the lives of marginalized populations and the management of strained resources around the world. Founders need to be able to articulate the degree to which their technology can affect change. Its no longer optional. According to the GIIN, 100% of impact investors consider social impact assessment metrics important during screening and due diligence. The founders who can articulate their impact potential with this degree of analytical rigor and have an ImpactableX certification mark will be the ones who win.
impact assessment