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8/6/2019 Impact Measurement - Durreen Shahnaz
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Impact Measurement
andReporting Standards
Prof Durreen Shahnaz
January 2011
www.asiaiix.com
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Clean energyFood security
Fair trade
BOP goods &services
Housing
Insurance
Transportationinfrastructure
MicrofinanceHealth
Water / Sanitation
Telecom
Environment
Media
Education
SMEs
PovertyAlleviation and
SustainableDevelopment
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SocialEnterprises
ImpactInvestors
IMPACTINVESTMENTE XCHANGEASIA
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Enterprisesnot ready tolist?
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Capacity-Building for Social Enterprises
IIXs not -for-profit affiliate
Social Enterprise capacity-buildingSocial impact assessmentsMarket readiness assessments
Financial and social impact reportingHelps SEs meet IIX eligibility criteria
Asia-focused researchSocial Enterprise mappingSocial impact measurementRegional regulatory researchImpact Investor mapping
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Impact Investment Success Linked to..
ImpactInvestmentExchange
Asia
Buy-in fromStakeholders
InvestorAcceptable
SocialMeasurement
InvestmentReadiness
Of SE
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Impact Measurement One of the greatly discussed issues
recently Still no widely accepted standardized
methodology Even less so for Social Enterprises (SEs)
in Asia Our contribution
We tested methods for SEs in Asia
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IRIS Impact Reporting and Investment Standards
A common language for social and environmental impact
1. Descriptor indicators
2. Key financial indicators3. Operational indicators
4. Sector-specific indicators
Agriculture and Artisanal
Energy, Water, and EnvironmentEducation
Community Development Finance
Healthcare
Microfinance
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GIIRS
Developed in a collaborativefashion
Buy-in from influential industryplayers
Basis for company and fundcertification
Being tested by 25 partnerfunds
Global Impact Investing Rating System Transparent, standardized, low cost rating system
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SROI
Valuation instead of
measurement / rating Wide support and many
applications to date Possible to integrate with
IRIS Translates impact into
financial language
Social Return On Investment Monetizing the impact of an organization
The SROI NetworkAccounting For Value
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Kazi Tea & Tea EstateOrganic tea farm
Panchagarh, Bangladesh
GIIRS: 63.7%Governance and Leadership 87%
Community 74.7%
Employees 65.2%
Environment 70%
Consumers 40%
SROI: 0.14 7.04Training activities 85%
Price premium for certification 4%
Local sourcing 4%
Wage income for workers 6%
Charitable work locally 1%
Environment 0.7%
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Results GIIRS:
Higher scores for environmentally focused SEs Lower scores for MFIs and education initiatives
SROI: Higher scores for education / training initiatives NOTE: One-year timeframe on valuation; environmental
returns thus low
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From Ideas to Action Shujog: Market readiness and impact
assessment, capacity building workshops,research
Impact measurement:Err on the side of simplicity
IIX: Platforms for channeling private
capital for sustainable development Buy-in from investors and intermediaries Get involved!
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IMPACTINVESTMENT
E XCHANGEASIA
Thank you!
http://www.asiaiix.com/http://www.asiaiix.com/