Why measure and where to start

Choosing the right frameworks, principles/methodologies, and certification process.

Impact Strategy provides a foundation based on the most common frameworks. While there are many standards, frameworks, principles, or certifications, ultimately, your goal drives choices of the framework, whereas principles ensure that you follow best practices associated with the goals. Principles or certifications are optional but critical as you mature our impact management or sustainability approaches. 

Impact Strategy binds frameworks with eternal standard metrics, custom metrics, and SDG alignment. This alignment helps data collection, data aggregation, and impact reporting.

The table below provides guidelines for choosing different frameworks, principles, and certifications.

You are

Asset managers, such as impact funds, grantmakers, social impact accelerators, or social purpose organizations such as nonprofits, social enterprises, B-corps, or social businesses or corporates focusing on social or environmental impact

Want to 

Outcome Oriented Approach. Useful in reporting activity, output, and outcome data. Different organizations start with a framework such as below. Fundamentally each of them focuses on outcome, output, and activities. 

  • Theory of Change
  • Logic Model
  • Log Frame (Common in M&E background
  • Results-Based Framework (Public Agencies)

Consider the following

Principles

Want to focus on a stakeholder-driven approach consider applying 7 principles of  Social Value

Certification

Social Value International

 

Start here ➡️

Theory of Change 

 

You are

Impact Investor, enterprise looking to raise impact capital or corporate looking to understand the impact (not sustainability)

Want to

  • Want to align with Five Dimensions of Impact From Impact Management Project (Useful in learning WHAT, WHO, HOW MUCH, CONTRIBUTION and RISK)
  • Align with sustainable development goals
  • Understand the impact risk before investment
  • Understand the impact evidence at an agreed-upon frequency (quarterly, semi-annual, annually)

Consider the following

Principles

IFC Principles

Certification

SDG Impact Certification

Start here ➡️

Impact Management Project

You are

Corporates looking to align business strategy around shared value principles

Want to 

Useful when not familiar with any framework but focusing simply on Key Targets. Tracking with SDG and industry external benchmark is critical, such as
- Future Fit
- SDG Action Manager

Or align  with Shared Value principles

Consider the following

Principles

Purpose Playbook

Certification

Not Available

Start here ➡️

Theory of Change add KPIs to Output Metrics