Since 2016, The Impact Management Project ( IMP) has convened a community of practitioners comprised of more than 2,000 companies and investors to create a global consensus on how to talk about, measure and manage our ESG risks and positive impacts.
Thus the IMP defines impact as a change in an outcome caused by an organisation. In order to understand and measure any impact, the Project introduces the five dimensions of performance.
5 dimensions of performance:
- What tells us what outcome the enterprise is contributing to, and how important the outcome is to stakeholders.
- Who tells us which stakeholders are experiencing the outcome and how underserved they are concerning the outcome.
- How Much tells us how many stakeholders experienced the outcome, what degree of change they experienced, and how long they experienced the outcome.
- Contribution tells us whether an enterprise’s and/or investor’s efforts resulted in outcomes that were likely better than what would have occurred otherwise.
- Risk tells us the likelihood that impact will be different from what is expected.
In Output 1, Impact Measurement Guidelines [IMGuide], is proposed series of different frameworks to measure impact, if you want more information do not hesitate to visit it.
You can read the full article here: https://www.i2sustainit.eu/blog/existing-impact-measurement-framework-the-impact-management-project