Date: 2025-07-02 Page is: DBtxt003.php txt00024935
MANAGEMENT METRICS
WEBINAR ABOUT IRIS+
Impact Entrepreneur: How IRIS+ is Transforming
Impact Measurement and Management
WEBINAR ABOUT IRIS+
Impact Entrepreneur: How IRIS+ is Transforming
Impact Measurement and Management
Original article: https://www.youtube.com/watch?v=EeORCaD1JoQ&t=51s
Peter Burgess COMMENTARY
The idea of Impact Measurement and Management is a 'no-brainer'. I thought we were going to have a breakthrough in the 1990s when Elkington promoted the idea of the 'Triple Bottom Line' ... People, Profit, Planet ... but it fizzled before it got any traction.
Since then there has been a lot of talk and CSR, and sustainability and more ... but the reality is that most investment decisions are centered around the way 'profit' and the 'expectation of profit' will change stock valuations and prices.
The GIIN/IRIS+ initiative has emerged together with other initiatives to complement the profit metric ... and while all these initiatives are well intentioned, there is something missing. Worse, the investment community seems to be embracing ESG as the gold standard for corporate reporting that complements conventional financial profit reporting.
I am not surprised that traditional stock market investors have embraced ESG ... Environment, Social and Governance ... because it opens the door to corporate stock performance analysis that decouples profit performance of the entity from the environmental and social performance of the entity. When Social, Environmental and Profit (Financial) performance a evaluated together it becomes possible to make a truly responsible assessment of the value of the entity to all concerned, not simply the owners of company stock.
Of course this is what TVM is working towards ... a comprehensive coherent framework of metrics to address how economic (financial activities) benefit or otherwise the social and environmental capital of the world we live in!
In order to be successful TVM cannot be simply another simple variant of the GIIN/IRIS+ approach to business metrics ... there has to be a different approach in order to be successful. TVM is working much more closely with the existing conventional financial accounting framework which is very well established in every legitimate business in the world. In very simple terms, the metrics and accounting that are needed are somewhat like the numbering that goes on when a company has to report in one currency but is operating in reality with several different currencies.
This is not proving to be easy ... but the concept is strong!
Peter Burgess
Impact Entrepreneur
Sep 8, 2019 (Accessed June 2023)
709 subscribers ... 103 views ... 2 likes
An Impact Entrepreneur TV special feature.
This program was orginally offered as part of Impact Entrepreneur's Building an Impact Economy Webinar Series.
Program participants:
- Leticia Emme, Global Impact Investing Network
- Jane Reisman, Social Impact Advisor
- For more information on the series, visit: ... https://impactalchemist.com/building-...
- For further background on this particular program, visit: ... https://impactalchemist.com/calendar/...
- To view all Impact Entrepreneur webinars, visit: ... https://impactalchemist.com/webinar-a...
- To sign up for Impact Entrepreneur's newsletter to receive regular updates on upcoming webinars and other programs, visit: ... https://www.impactalchemist.com