Measuring Impact and the Guidelines for Good Impact Practice were developed by the Impact Measurement Working Group of the Social Impact Investment Taskforce established by the UKíS presidency of the G8. It was co-chaired by the GIIN and New Philanthropy Capital (NPC).
SBA Identifies IRIS as the Preferred Means of Impact Measurement
The U.S. Small Business Administration (SBA) announced that fund managers applying to the SBAís newly expanded Impact Investment Fund "must commit to measure their social, environmental or economic impact using an assessment system based on The GIINís Impact Reporting and Investment Standards." The initiative, which was launched in 2011 as part of the federal governmentís efforts to support the growth and development of the United Statesí impact investing industry, commits to make $1 billion available to licensed Impact Small Business Investment Companies (SBICs) over the course of five years.
Reports from the Social Impact Investment Taskforce
On September 15, 2014, the Social Impact Investment Taskforce, established by the G8, launched a linchpin report and a suite of supporting materials to catalyze the global market for impact investing. Established in June 2013 at the G8 Social Impact Investment Forum in London, the Taskforce brought together a global group of thought leaders in government, finance, business, and philanthropy to make recommendations for market development.
GIIN Releases IRIS User Guide
The GIIN released Getting Started with IRIS, a guide to help impact investors select and apply social, environmental, and financial performance metrics from the IRIS catalog. IRIS contains more than 400 generally-accepted performance metrics, including metrics commonly used in impact sectors such as agriculture, energy, health, and financial services.
GIIN Publishes Research on Catalytic First Loss Capital
The GIIN released an issue brief that details the motivations, benefits, considerations and suitable scenarios behind the use of catalytic first-loss capital in impact investing transactions. Catalytic first-loss capital refers to socially- and environmentally-driven credit enhancement provided by an investor or grant-maker who agrees to bear first losses in an investment in order to catalyze the participation of co-investors that otherwise would not have entered the deal.