Using a shared convention for understanding and describing our impact does not mean that we all use the same tools. We all want to continue to use tools that suit our own context. Many that have been identified by practitioners as most useful can be found here.
We can each try to ensure that the five dimensions of impact are visible in our decision-making frameworks and how we talk about our goals. From there, we can look at the data we’re collecting to see if we understand performance across all dimensions. Over the course of the next year, we will be working with a range of organizations and sharing the lessons learned with you on the project’s website.
In Operation Impact, leading practitioners bust common impact investing myths with practical solutions. The series is brought to you by ImpactAlpha in partnership with the Case Foundation, Acumen, Bridges Fund Management, and ImpactSpace (ImpactAlpha’s open impact database). More from the series: