ImpactAlpha, July 27 – As the market for impact investments grows, “so too must the metrics, tools, and platforms used to measure and disclose impact to different stakeholder groups,” says the Tipping Point Fund on Impact Investing’s Fran Seegull, who also heads the U.S. Impact Investing Alliance. The fund awarded $3.3 million in grants to 16 organizations to develop and promote impact standards, verification, evidence and other impact management infrastructure.
- Data wonks. Among the grantees, Adasina Social Capital will build a database to consolidate social justice data sets and impact metrics; CDP (formerly the Carbon Disclosure Project) will map the sustainability taxonomies of economic activities; and The Shareholder Commons will develop case studies of value-creation through an expanded view of materiality.
- Who’s who. Also funded: 60 Decibels, Aspen Network of Development Entrepreneurs, B Lab, BlueMark, AssuranceMark and Ceres, Climate Disclosure Standards Board, Center for Innovation at the University of California Hastings Law, Global Impact Investing Network, Impact Capital Managers, Impact Management Project, PolicyLink, The Predistribution Initiative and Toniic Institute.