Social Impact Evaluation

Data to enable effective impact execution, and impact reporting that moves capital.
With an estimated $715B impact capital assets under management, impact evaluation & reporting is no longer optional. The broad range of players with a stake in the impact creation game - investors, foundations, policy-makers, corporates, NGOs and social entrepreneurs - increasingly demand transparency and data-driven rigor when screening engagements. Indeed, according to the GIIN, 100% of impact investors consider impact metrics important during screening and due diligence. Impact evaluation is simply a must for any actor in the space. Numbers ground impact claims with clear proof points, and enable the variety of stakeholders to manage impact creation according to their respective goals.

An Impact Evaluation can take several forms

But the space is rife with differing approaches and terms. Most are familiar with the UN Sustainable Development Goals - 17 high-level goals around which most stakeholders have agreed to align. IRIS+ has also released a series of resources for Impact Evaluation, most notably their Core Metrics sets - a taxonomy of impact metrics for stakeholders to reference the same units of measure. The Impact Management Project has published their five dimensions of impact, driving convergence around what exactly we should all be measuring. Finally, B Certification, the mode widely recognized certification mark - evaluates impact created via a company’s operational footprint.
Social Impact Evaluation
Social Impact Evaluation

Impact Evaluation in Practice

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.

Our Impact Evaluation Approach

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.

Impact Evaluation ImpactableX
Impact Evaluation

Each Impact Evaluation is Unique

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.

A Social Impact Evaluation is Easy with ImpactableX

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.

Social Impact Evaluation

Do You Have Impact Evaluation Questions?

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.