Resource ID: INDIGO-ARES-0137
Link: https://impactmanagementproject.com/about/
Since 2016, the IMP has convened a Practitioner Community of over 2,000 enterprises and investors to build global consensus on how we talk about, measure and manage our ESG risks and positive impacts.
This consensus (or “norms”) provide a common logic to help enterprises and investors understand their impacts on people and the planet, so that they can reduce the negative and increase the positive.
After hundreds of in-person and virtual conversations across the IMP’s Practitioner Community of over 2,000 organisations, the IMP reached consensus that impact can be measured across five dimensions:
What— tells us what outcome the enterprise is contributing to, whether it is positive or negative, and how important the outcome is to stakeholders.
Who— tells us which stakeholders are experiencing the outcome and how underserved they are in relation to the outcome.
How Much— tells us how many stakeholders experienced the outcome, what degree of change they experienced, and how long they experienced the outcome for.
Contribution— tells us whether an enterprise’s and/or investor’s efforts resulted in outcomes that were likely better than what would have occurred otherwise.
Risk— tells us the likelihood that impact will be different than expected.
Impact goal: Health, Defence, Housing, Agnostic, Democracy, Education, Well being, SDG oriented, Social impact, Local rejuvenation, Sustainability eco, Development poverty reduction, Employment financial well being
Internal/external: External, Internal
Leader: Impact Management Project (IMP)
Method: Observation, Operational data, Ex ante projections
Output format: Qualitative only
Scale: Micro
Sourcing: Self driven
Time frame: Prospective, Retrospective
Type: Principles
Used in sectors: Csr, Impact investing
Who: Private sector
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