Through our work with companies pursuing poverty-reducing investment, IGD has learned that many businesses struggle with how to best evaluate their socio-economic impact—and how to do so in a way that generates practical, business-oriented insight that can improve performance.
To address this critical need, we have developed Measuring Impact: A Business Approach. The report highlights the igdIMPACT Measurement Framework, a business-driven, sector-focused approach to measuring business’ impact on poverty reduction. Structured around strategic business drivers, the framework identifies key areas where a company is likely to create long-term value, as well as suggested metrics for capturing relevant data.
Sector-specific versions of the framework are available for agribusiness, financial services, FMCG, ICT, and power, with additional frameworks in development. The report includes summary case studies demonstrating the use of these frameworks, developed in partnership with IGD member companies, including AICO Africa Limited, ContourGlobal, Ecobank Transnational Incorporated, Equity Bank Limited, and Main One Cable Company Limited.
Measuring Impact: A Business Approach is highly recommended for anyone who wants to get beyond traditional sustainability reporting to clear insight and data for integrating social values and impact measures into core business operations and bottom-line decision making.