Burgess COMMENTARY

Peter Burgess

Metrics and Impact

http://www.aspeninstitute.org/policy-work/aspen-network-development-entrepreneurs/metrics-impact

About ANDE's Metrics Work

Demonstrating that investing in SGBs creates economic, environmental, and social benefits is at the core of ANDE’s mission. ANDE supports its members to measure the impact of their work, and then communicates that impact for the sector as a whole. ANDE’s metrics program includes several components, including:

Standards for Social and Environmental Performance:

ANDE has developed a strategic partnership with the Impact Reporting and Investment Standards (IRIS). IRIS provides a standard taxonomy of metrics that describe social and environmental performance of a company. Through this common taxonomy, ANDE members can assess social and environmental performance individually, and also aggregate their data to provide data for benchmarking, and assessing overall impact. Learn more about ANDE’s partnership with IRIS and check out version 2.0 of the IRIS standards.

Impact Assessment:

ANDE members have the opportunity to work with ANDE’s Impact Assessment Manager on their metrics and evaluations efforts. This includes incorporating an impact framework into their work, adopting and utilizing the IRIS taxonomy within their collection and reporting processes, contributing data to the IRIS repository, and reporting their impact in an aggregated format. Please contact Genevieve Edens to learn more.

ANDE Core Metrics:

One of the ANDE governing principles is for all members to participate in reporting common social and financial indicators to help the sector build understanding of the work that is happening. Only by reporting common indicators can we provide aggregated data to benchmark individual performance and measure the sector as a whole. While these indicators only speak to part of the story of the work being done, they form a core baseline when looked at across the ANDE membership. Over time, this baseline will tell the story of the positive financial, social, and environmental impact that is derived from supporting SGB growth. Click here to see the ANDE Core Metrics.

Metrics and Evaluation Conference: ANDE hosts a metrics and evaluation conference annually in the late spring to discuss the challenges and best practices of collecting, reporting, and disseminating impact. This annual conference convenes leading experts on metrics and evaluatio,n and produces dialogue that spurs action.

ANDE's 2013 Metrics Conference was held on June 12th and 13th, 2012 in Washington, DC. Resources from the 2013 conference are available for download here.

ANDE's 2012 Metrics Conference was held on June 12th and 13th, 2012 in Washington, DC. Resources from the 2012 conference are available for download here. ANDE's 2011 Metrics Conference was held on June 20th and 21st, 2011 in Washington, DC. Resources from the 2011 conference are available for download here. ANDE's 2010 Metrics Conference was held on June 7th and 8th, 2010 in Washington, DC. Resources from the 2010 conference are available for download here. ANDE Impact Report: ANDE publishes an annual impact report which produces sector level data on the impact small and growing businesses have in our world as well as the specific impact our members are having. View the 2012 Impact Report here. Check out these additional metrics and evaluation resources to learn more about other initiatives that are benefitting our members: -- Impact Reporting & Investment Standards -- Global Impact and Investing Rating System (GIIRS) - GIIRS is a standardized rating system that generates an easily digestible single value for scoring an impact organization and/or impact investment fund. ANDE proudly reports that 9 of the 12 emerging market pioneer funds are ANDE members. -- Pulse is a flexible metric recording and performance management tool that is built on the IRIS taxonomy View All Programs ANDE Home » ANDE Membership » Funding Initiatives » Events and Training » Regional Chapters » Career Resources » ANDE Resources » Understanding Impact » Metrics » ANDE Core Metrics » GHG Emissions » Metrics Conference and Resources » Research » ANDE in the News » Press Kit » Aspen Prize for Community College Excellence List Announced 2 » TOOLS Email this Page Print this Page SHARE Facebook Twitter ShareThis

ASPEN NETWORK OF DEVELOPMENT ENTREPRENEURS ANDE Core Metrics One of the ANDE governing principles is for all members to participate in reporting common social and financial indicators to help the sector build understanding of the work that is happening. Only by reporting common indicators can we provide aggregated data to benchmark individual performance and measure the sector as a whole. While these indicators only speak to part of the story of the work being done, they form a core baseline when looked at across the ANDE membership. Over time, this baseline will tell the story of the positive financial, social, and environmental impact that is derived from supporting SGB growth. ANDE Core Metrics Revenue Revenue resulting from all business activities during the reporting period. Earned revenue is total revenues less 'Contributed Revenue' (Grants and Donations). Indicator of a growing or catalytic business Employees Number of full-time employees at the end of the reporting period. Indicator of a growing or catalytic business Wages Value of wages (including bonuses) paid to all full-time employees during the reporting period. Indicator of benefits passed onto community Additional Finance Mobilized New Investment Capital: Value of cash flows from the organization's financing activities (both loans and investments) during the reporting period. Indicator of leverage generated by initial investment GHG Emissions Greenhouse gases emitted through organization's operations in tonnes of CO2 equivalent during the reporting period. Refer to International Panel on Climate Change (IPCC) emission factors. Leverage Global Reporting Initiative (GRI) guidance for this calculation. Footnote calculations and assumptions. Indicator of environmental responsibility of business Potential Impact Area of SGB Members should consider where the greatest benefit lies in the business it is reporting on. If the potential impact is based on the clients it reaches, the benefit of the product sold, or the suppliers it engages, the appropriate metrics should be reported. It is not necessary to report on clients, products and suppliers for all investments. Clients Number of clients during the reporting period. Note: This is intended to capture the number of individual consumers served by the organization, not the number of consumer transactions. For example, a customer who makes two purchases during a period would only be counted once. For microfinance clients, this refers to active clients. For healthcare providers, this refers to patients. Indicator of the reach or scale of a business that seeks to have impact through a service Products Units/Volume Sold: Amount of the product or service sold by the organization during the reporting period. This metric should be reported in conjunction with 'Unit of Measure' Indicator of the reach or scale of a business that seeks to have impact through its products Total Suppliers Total Suppliers: Number of individuals who sold to the organization during the reporting period. Indicator of impact on the community it reaches Sector Specific Indicators: The ANDE metrics working group is beginning to discuss appropriate metrics to capture around specific areas of focus. The initial focus areas include: Access to Finance, Agriculture & Food, Base of Pyramid, Education, Energy, Environment, Fair Trade, Health, Minorities or Previously Excluded Populations, Rural, Urban, Water, Women, and Youth. *For organizations who have a primary focus on economic development it is our hope that more specific measures will be provided on the type of employees SGBs employ. This includes part time, temporary, female, female manager, manager, and minority/previously excluded employees. **ANDE is an advocate of the TIME toolkit, which is a step by step guide for entrepreneurs to measure their environmental outputs. Coming soon: collection methodologies on how to measure GHG emissions and other resources on how to measure additional environmental outputs will be available for all ANDE members. View All Programs ANDE Home » ANDE Membership » Funding Initiatives » Events and Training » Regional Chapters » Career Resources » ANDE Resources » Understanding Impact » Metrics » ANDE Core Metrics » GHG Emissions » Metrics Conference and Resources » Research » ANDE in the News » Press Kit » Aspen Prize for Community College Excellence List Announced 2 » TOOLS Email this Page Print this Page SHARE Facebook Twitter ShareThis EXPLORE OUR ISSUE AREAS: Community & Family Prosperity » Culture & Communication » Economy » Education » Energy & Environment » Health » Justice & Equity » Philanthropy & Social Enterprise » Security & Global Affairs