Analysis: A ‘Quantum Leap Forward’ For Impact Measurement With New Benchmarking Tools
By Anne Field
It’s all about context.
Impact investing experts agree that, for impact investing to be embraced by the mainstream, it needs more sophisticated ways to measure impact, mimicking methods reminiscent of those used for conventional finance. One such tool, figured the folks at the Global Impact Investing Network (GIIN), would be benchmarks allowing investors to compare the impact performance of their portfolios against those of their peers the same way they can for financial results.
With that in mind, the GIIN just announced a three-year effort, Impact Lab, aimed at developing analytic benchmarking tools, with funding of $4.5 million from EQT Foundation, Temasek and Visa Foundation. “We want investors to understand impact performance in ways they haven’t before,” says Amit Bouri, co-founder and CEO of the GIIN.
Photo courtesy of Myriams-Foto.
Source: Forbes (link opens in a new window)
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