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WHAT IS IMPACT MEASUREMENT AND MANAGEMENT?

 

Companies are becoming increasingly aware of, and contributing to, positive social and environmental impact through their business models – and they need to know whether the change they are striving to achieve is taking place or not.

Impact measurement is the process of quantifying the positive and negative effects a company has – either directly or indirectly, intentionally or unintentionally – on people and planet. Impact management goes a step further, whereby companies utilise this data to improve business performance and make better decisions to maximise positive impact and minimise negative ones.

 

BUILDING A CULTURE OF IMM

For increasing integrity and clarity of business and investment practices around claims that investments advance the Sustainable Development Goals (SDGs), UNDP provides impact measurement and management services for enterprises, investors and business accelerators to help them integrate sustainability and the SDGs into business and investment purpose, management systems and decision-making to enhance their performance on sustainability and positive contribution to achieving the SDGs. 

As part of this UNDP offer, BCtA is building the culture and capacity within the private sector to measure and manage impact on the SDGs. This includes training for impact accelerators, impact investors, and early-stage enterprises, with BCtA providing tools and technical assistance alongside mentorship to measure and manage a businesses’ impact in alignment with the SDGs.

Moreover, we offer an impact journey for SMEs which include training of trainers with simplified concepts translated for MSMEs in five languages, and video tutorials to clarify complex concepts, with this content also available at the Digital Path.

Lastly, UNDP also provides advisory services on impact reporting against the SDGs.

THE BUSINESS CASE FOR IMM

Impact Measurement and Management (IMM) is becoming increasingly mainstream and provides tangible benefits for organization and its stakeholders. It creates value for people, encourages innovation and ensures the utilization of resources more efficiently. Most importantly, it helps organizations make better decisions to benefit stakeholders and increase positive impact.

BENEFITS FOR UNDERTAKING IMM

Increasing Demand from PUBLIC & PRIVATE Investors & KEY STAKEHOLDERS

Impact measurement is becoming the center of the impact investing industry’s attention. The global sustainable investment market is now worth USD 715 billion.

Explore new Market opportunities and manage risks

Few organizations make it their priority to develop specific impact measurements methods.

Understand contributions to the SDGs

Mapping companies’ specific contributions to the SDGs.

Tangible Impacts on the Stakeholders

Adopting IMM practices reflects positively on the society and the organization, as it helps in making better decisions using stakeholder-informed evidence.

Improve Operations

Understanding the impacts on stakeholders and working to increase impact encourages innovation and helps organizations to introduce new programs and activities to enhance their internal operations.

Enhance accountability & transparency

Reporting on IMM encourages better engagements with stakeholders and enhances communications with internal and external stakeholders, using more innovative tools of communications.

 
 

BCtA’s IMM REACH IN 2021

 
 

THE IMPACT LAB

Business Call to Action’s Impact Lab covers the full IMM process to support companies in understanding, proving, and improving their impact on the Sustainable Development Goals (SDGs). We take companies through the full cycle of IMM, including modules that provide companies with step-by-step guidance as they undertake impact management with an SDG lens. The Lab also provides users with an internal dashboard to monitor and track performance over time.

 
 

KEY FEATURES OF THE IMPACT LAB

Guides companies in a step-by-step process to create an impact management framework connecting business operations with the SDGs

Integrates globally accepted standards, norms, metrics and indicators to manage and measure impact on the SDGs

Provides a dashboard for impact investors, impact accelerators and fund managers looking to monitor performance of enterprises in their portfolio

Understand how the enterprise performs according to the five dimensions of impact performance

Guides companies on how to collect data from stakeholders and report impact

Global public good, hosted in a user-friendly digital platform

IMPACT CASE STUDIES

Read our impact case studies on end-to-end IMM and best practices on reporting, focusing on stakeholders.

WORKSHOPS AND TRAINING

BCtA’s IMM service offers builds upon 12 years of experience advancing the sustainable development agenda within the private sector. BCtA is well-positioned to support UNDP Country Offices and strengthen engagement with companies across sizes and sectors, transfer know-how through training and technical assistance, and drive the positive impact of businesses on the SDGs. As we understand the different needs of organizations on IMM, we provide support for organizations that are in different stages of business development including, MSMEs, corporations, startups and large national companies.

If you are interested to organize a training or a workshop for your organization, please contact us at bcta@undp.org and we can discuss your needs. 

IMM CoursesDetailsTarget Audience
Train the Trainer Our flagship dive-in course that provides comprehensive overview of the IMM concept, covering all its dimensions of: planning for impact, framing impact, measuring impact and reporting on impact. Country Offices and Large Companies
Workshops Interactive workshops highlighting the main concepts of IMM tailored according to the targeted sectors and organizations.Organizations of different sizes and sectors
Mentorships One to one sessions on planning, framing and measuring impact for MSMEs and startup companies.Enterprises
Community of Practice Dedicated peer-to-peer learning network for MSMEs providing tailored support and mentorships on designing impact framework, data collection and monitoring.MSMEs