If you’re a social entrepreneur or impact fund, these frameworks provide little guidance for impact evaluation in practice. How does a growing company quantify the social and environmental impact that derives from sales? It can align with the SDGs, reference IRIS+ core metrics and align with the IMP’s 5 dimensions of impact, but how does it actually measure quantities, especially during the early days when primary impact data may be scant or even nonexistent? Each iX impact assessment makes it easy.
ImpactableX offers a simple impact evaluation framework that dynamically models impact creation in alignment with the global standards set by the SDGs, IRIS+ and the IMP. We help companies quantify their impact potential, and grant them access to the key levers in their impact operations so they have the tools to manage it accordingly.
While our framework is consistent, each iX model is tailored to capture the unique mission of its company. Our impact evaluation methods consist of three component parts: definition, attribution, and valuation. We define a company’s core impact metrics - measurable expressions of a company’s value proposition. Then we evaluate the degree to which a product or service can materially impact a social or environmental challenge compared to a baseline, which we inform with third-party research. Lastly, we evaluate the economic implications of this impact, ultimately translating impact creation into financial terms. Social impact often creates external value not reflected by a company’s revenue. We uniquely relate this value creation to revenue, unlocking critical insights into the efficiency of a business model as a lever for impact. This framework generates four tiers of analytics - impact metrics, outputs, valuations and multiples - which align with the world’s leading standards.
The ImpactableX process is simple and our trained analysts guide management teams through it at every step. We begin with an intake call where we define key impact metrics and review the business model that drives them. This tells us which social impact evaluation questions to ask. We then kick off the data and research collection process, where we provide custom prompts designed to collect the third-party baseline and valuation research required to compute our impact analytics. Our trained analysts review each submission, generate an initial report and work with management teams to address any gaps, assumptions and/or conflicting data. At this point, the data and research collection process is complete. ImpactableX will compute final analytics, generate a final certified impact report and certification mark, and prepare to feature these analytics among the ImpactableX community of investors.
Each company in the ImpactableX portfolio gains access to our team for the duration of its 1-year certification. It’s our mission to drive impact at scale, and we have compiled a network of resources to do so.
Schedule a consultation regarding your impact evaluation today.