Indicators
Agribusiness 
Cross-Cutting All Infrastructure Services Sub-Sectors 
Education 
Energy 
Financial Intermediation 
Health 
Housing 
Industry & Services 
Information & Communication Technologies 
Mining 
Oil/Gas 
PE & Investment Funds 
PSD Firm Level 
PSD Market Level 
Thematic Area 
Transportation 
Water, Waste & Sanitation
Agribusiness
Cross-Cutting All Infrastructure Services Sub-Sectors
Education
Energy
Financial Intermediation
Health
Housing
Industry & Services
Information & Communication Technologies
Mining
Oil/Gas
PE & Investment Funds
PSD Firm Level
PSD Market Level
Thematic Area
Transportation
Water, Waste & Sanitation
Agribusiness
AG-01
Average Agricultural Yield
DEFINITION: Average agricultural yield (per hectare) reported by the client during the reporting period.
Rationale: This indicator assesses the general yield of an IFI’s client through its operations, including outgrower schemes. One way, among others, to calculate this indicator is based on an aggregation of yield (per hectare) of the IFI client’s farmers
Unit: metric ton/hectare
AG-02
Farmers Reached
DEFINITION: Number of farmers that are linked to the client company as suppliers, buyers, contractors or farming employees during the reporting period.
Units: #
[GROUP] Total Sales
AG-03
Value of Total Sales
DEFINITION: Gross value of sales of the product over the reporting period.
Units: Currency
AG-04
Volume of Total Sales
DEFINITION: Volume of sales of the product over the reporting period.
Units: (# of units, tons, liters, etc.)
[GROUP] Export Sales
AG-05
Value of Export Sales
DEFINITION: Gross value of export sales of the product over the reporting period.
Units: Currency
AG-06
Volume of Export Sales
DEFINITION: Volume of export sales of the product over the reporting period.
Units: (# of units, tons, liters, etc.)
AG-07
Volume of Production
DEFINITION: Total volume of the company's production during the reporting period. Unit: Metric Tons (MT)
Guidance: May be used for any type of production including production of crops/ livestock / processed food, etc.
May be disaggregated into:
Agricultural production, which includes and can be further disaggregated into the production of crops; livestock; poultry; seafood, amongst others.
Industrial production, which includes the manufacturing of food and/or other agro-industrial products. The volume count should only include volume of final product for sale and not intermediate products for further processing within the same company.
AG-08
Value of Purchases From (Domestic) Farmers
DEFINITION: Value of the company’s purchases of raw materials from farmers during the reporting period.
Guidance: When counting volume at the project level, specification by product (e.g., wheat, rice, chicken, etc.) should be provided whenever feasible.
Unit: Currency
AG-09
Volume of Purchases From (Domestic) Farmers
DEFINITION: Volume of the company’s purchases of raw materials from farmers during the reporting period.
Guidance: When counting volume at the project level, specification by product (e.g., wheat, rice, chicken, etc.) should be provided whenever feasible.
Unit: Unit count (as applicable)
Cross-Cutting All Infrastructure Services Sub-Sectors
CC-01
Percentage of meters penetration
DEFINITION: Percentage of customers with meters (electricity, gas, water services). Result of customers with meters / total customers.
UNIT: %
CC-02
Number of direct jobs supported
DEFINITION: Number of direct full-time equivalent jobs at end of reporting period.
UNIT: #
Education
ED-01
Number of Students Enrolled
DEFINITION: Number of students enrolled at the end the reporting period, both full-time and part-time, where each discrete student is counted regardless of number of courses.
Units: #
ED-02
Number of Female Students Enrolled
DEFINITION: Number of female students enrolled at the end the reporting period, both full-time and part-time, where each discrete student is counted regardless of number of courses.
GUIDANCE: Practitioners will need to collect total "Students Enrolled" to get a percentage.
Applicability: Students of a client company in the Education sector
Unit: #
Energy
EN-01
Energy Generated
DEFINITION: Energy generated during the reporting period.
Guidance: Include footnote about energy type, (i.e., renewables and non- renewables).
Unit: # MWh
EN-02
Renewable energy generated
DEFINITION: Renewable energy generated during the reporting period.
Guidance: Institutions should mention the source of renewable energy generated, including waste, hydropower, wind, solar, geothermal, biomass, and other sources as noted.
Unit: # MWh
EN-03
Number of New Connections to Energy
DEFINITION: Number of connections to energy services during the reporting period.
Guidance: New connections can be obtained by subtracting the previous number of connections from the value at the end of the current reporting period. This metric can be disaggregated by user type for example, (i) underserved - a group of individuals that are inadequately served by the current market [low income, demographic area, gender, youth, etc.], and (ii) residential /non-residential.
Unit: #connections
EN-04
Frequency of power outages
DEFINITION: Frequency of power outages in the project area measured as system average frequency index (SAIFI) - total number of customer interruptions (annually) / total number of customers served (annually).
Unit: #
EN-05
Length of power outages
DEFINITION: Length of power outages in the project area measured as system average duration index (SAIDI) - sum of hours of customer interruptions (annually) / total number of customers served (annually).
Unit: # hours
EN-06
Power system commercial losses, % of output
DEFINITION: Percentage of non-technical (commercial) losses for utility projects during the reporting period.
Guidance: This metric intends to capture energy delivered to end users, but not paid for - commercial losses (either because of theft, mismanagement in billing systems, lack of consumption meters, etc.). This metric is the result of commercial losses (in currency units) / total sales (in currency units) .
Unit: %
EN-07
Power system technical losses, % of output
DEFINITION: Percentage of technical losses for utility projects during the reporting period.
Guidance: This metric intends to capture energy generated but not delivered to end users (because of inefficiencies in the energy grid system). This metric is the result of energy generated (in MWh) / energy effectively delivered (in MWh).
Unit: %
Financial Intermediation
FI-01
Number of Loans Outstanding
DEFINITION: Number of outstanding loans in the eligible financial intermediary institution portfolio at the end of the reporting period.
GUIDANCE: This indicator reflects the number of eligible loans an intermediary has outstanding at the time of reporting. Number of outstanding loans should include the number of all loans disbursed to clients that have not been fully repaid and have not been written off at the end of the reporting period. “Eligibility” means those loans that are or can be supported under the terms with the intermediary.
Note: Different methodologies exist in what “supported” means. Some institutions pursue an allocation approach (supporting loans directly by passing on preferential terms, e.g. longer tenor) or a portfolio approach (supporting an entire eligible portfolio and measuring its growth over time). Both are possible but would need to be specified under the respective reporting arrangement.
“Outstanding” implies a stock variable at a certain point in time. This does not measure the number of loans supported over time. Especially for on lending that has shorter tenors (e.g. under a year, for example in microfinance) or longer tenors than the reporting period, the number of outstanding loans may not be the same as the number of loans supported. For this, refer to the metric “Average Tenor of Loans Outstanding” to compute the number of loans supported over time.
This metric is not intended to measure the number of clients served. An individual clients can have several loans outstanding, and especially when computing number of clients supported over time, they can have repeat loans. For measuring the number of clients served, please refer to “Number of active borrowers/clients”.
This is a parent indicator. It can be disaggregated and specified in various ways given the DFI/practitioner’s approach, project objective, or country context, for example by ownership/leadership (sex, age etc.), size of the companies (e.g. micro, small, medium), sectors, geography (e.g. rural/urban), age or growth of company (young firms, gazelles, etc.), innovation, etc.
This indicator only applies to intermediated financing though commercial banks, microfinance institution, a non-bank financial intermediary, or other financial institutions. Refer to metrics under “Private Equity and Investment Funds” for those types of intermediated financing.
Applicability: intermediated finance, not Fund investment.
Related indicators: This indicator should have the same scope as the value of loans outstanding, and number of active borrowers/clients would be a subset.
Unit: #
FI-02
Value of Loans Outstanding
DEFINITION: Value of outstanding loans in the eligible financial intermediary institution's portfolio at the end of the reporting period.
GUIDANCE: This indicator reflects the value of eligible loans an intermediary has outstanding at the time of reporting. The metric should include the value of all loans disbursed to clients that have not been fully repaid and have not been written off at the end of the reporting period. “Eligibility” means those loans that are or can be supported under the terms with the intermediary.
Note: Different methodologies exist in what “supported” means. Some institutions pursue an allocation approach (supporting loans directly by passing on preferential terms, e.g. longer tenor) or a portfolio approach (supporting an entire eligible portfolio and measuring its growth over time). Both are possible but would need to be specified under the respective reporting arrangement.
“Outstanding” implies a stock variable at a certain point in time. This metric does not measure the value of loans issued over a period of time. Especially for on lending that has shorter tenors (e.g. under a year, for example in microfinance) or longer tenors than the reporting period, the value of outstanding loans may not be the same as the total value of loans supported. For this, refer to the “Average Tenor of Loans Outstanding” to compute the value of loans supported over time.
Unlike the number of loans, the value of loans also reflects the value lent to clients as several loans can be added up.
This is a parent indicator. It can be disaggregated and specified in various ways given the DFI/practitioner’s approach, project objective, or country context, for example by ownership/ leadership (sex, age etc.), size of the companies (e.g. micro, small, medium), sectors, geography (e.g. rural/urban), age or growth of company (young firms, gazelles, etc.), innovation, etc.
This indicator applies to intermediated financing though commercial banks, microfinance institution, a non-bank financial intermediary, or other financial institutions. Refer to metrics under “Private Equity and Investment Funds” for those types of intermediated financing.
Applicability: intermediated finance, not Fund investment.
Related indicators: This indicator should have the same scope as the number of loans outstanding.
Unit: currency
FI-03
Number of Active Borrowers/Clients
DEFINITION: Number of unique clients that form part of the number of loans in the eligible financial intermediary institution’s portfolio at the end of the reporting period. This indicator is intended to remove double counting from the number of loans/number of investments due to parallel or successive loans.
GUIDANCE: This indicator captures the number of unique borrowers with an outstanding account as a sense of how many enterprises/people have benefitted from on-lending during the reporting period. It constitutes a subset of the number of loans outstanding by only counting loans once if several loans are made to the same client during the reporting period.
Note: In line with the metric “Number of loans outstanding” this only corrects for multiple loans issued to the same client during the reporting period. This does not cover repeat loans that are issued in a new reporting period. To measure this, a different indicator or complementary variable such as the dropout rate may be used (% of clients with active loans not engaging in in repeat loans, especially in microfinance).
This is a parent indicator. It can be disaggregated and specified in various ways given the DFI/practitioner’s approach or country context, for example by ownership/leadership (sex, age etc.), size of the companies, sectors, geography (e.g. rural/urban), age or growth of company (young firms, gazelles, etc.), innovation, etc.
This indicator applies to intermediated financing though commercial banks, microfinance institution, a non-bank financial intermediary, or other financial institutions. Refer to metrics under “Private Equity and Investment Funds” for those types of intermediated financing.
Applicability: intermediated finance, where possible and relevant, not Fund investment.
Related indicators: This indicator should be a subset in terms of scope of the number and the value of loans outstanding.
Unit: #
FI-04
Average Tenor of Loans Outstanding
DEFINITION: Average (simple mean) initial tenor (in months) of all outstanding loans in the eligible portfolio at the time of measurement. This indicator provides specificity around length and nature of portfolio.
GUIDANCE: The indicator measures the length of the average tenor of the underlying portfolio.
Note: This is a parent indicator. It can be disaggregated and specified in various ways given the DFI/practitioner’s approach, project objective, or country context, for example by ownership/leadership (sex, age etc.), size of the companies (e.g. micro, small, medium), sectors, geography (e.g. rural/urban), age or growth of company (young firms, gazelles, etc.), innovation, etc.
For simplicity and to reduce the reporting burden this is computed as the simple average of the underlying eligible portfolio (i.e. sum of all tenors divided by the number of loans). Alternative metrics exist such as weighted average by subclass (size etc.) or weighted by loans value (i.e. average tenor per currency unit). This distinction may be especially relevant when considering various disaggregation of the indicator (e.g. if reported by size class the average of the average may differ if not weighted by the scope of the size class, and appear inconsistent in reporting).
This indicator applies to intermediated financing though commercial banks, microfinance institution, a non-bank financial intermediary, or other financial institutions. Refer to metrics under “Private Equity and Investment Funds” for those types of intermediated financing.
Applicability: intermediated finance, not Fund investment.
Related indicators: This indicator should apply to the same scope as the number and the value of loans outstanding.
Unit: # Months
FI-05
Number of deposit transaction accounts
DEFINITION: Number of deposit/savings transaction accounts in the financial intermediary institution portfolio at the end of the reporting period.
GUIDANCE: The indicator measures the number of deposit transaction accounts held by the intermediary. Accounts that can be used for making and receiving payments qualify as transaction accounts and are typically called current or checking accounts. The definition includes mobile money and e-money accounts that allow for cash-in and cash-out operations and other payments. This indicator can further be qualified to measure the number of transaction accounts held by the intermediary that are active. Accounts that have processed at least 1 transaction / 30 days qualify as active accounts. If this indicator can indeed be measured as specifically ‘active’ add in the indicators name “Number of active deposit transaction accounts”.
Note: This indicator can be disaggregated and specified based on the given DFI/practitioner’s approach, for example active vs dormant accounts, underserved segments (i.e. gender), mobile account, etc.
Applicability: intermediated finance, where possible and relevant, not Fund investment.
Unit: #
FI-06
Number of merchant acceptance points (POS)
DEFINITION: Number of merchant acceptance points (point-of-sale payment solutions) at the end of the reporting period.
GUIDANCE: This indicator captures the number of point-of-sale solutions allowing merchant to accept electronic payments. These include physical point-of-sale terminals as well as mobile phone or internet-based mPOS solutions. For mPOS solutions and QR codes it may be appropriate to track active users (at least 1 transaction in 30 days) or focus on measuring the growth in the volume and number of transactions processed through these services. Applicability: intermediated finance, where possible and relevant, not Fund investment.
Unit: #
FI-07
Access to digital payment services
DEFINITION: Number of clients of the intermediary with access to digital payment services (e.g. card, internet payments, platform, app etc.) in intermediary financial institution at the end of the reporting period.
GUIDANCE: The indicator measures the number of clients of the intermediary who have access to digital payment services, including debit or credit card, and ability to make payments using the internet via an app, or platform. These payment services may be provided by an institution managing the clients’ deposit transaction account or a third party and are expected to enhance the ability of the individual client to benefit from an account and provide access to expanded and higher quality payment services.
Applicability: intermediated finance, where possible and relevant, not Fund investment.
Unit: #
FI-08
Value of non-cash transactions
DEFINITION: Value of payments processed measured by Gross Transaction Value during the reporting period.
GUIDANCE: The indicator measures the total value of transactions processed by the intermediary. This measure may include the overall transaction volume processed by the intermediary (e.g. including cash-in, cash-out transactions processed by an agent network) or be defined more specifically focused on non-cash transactions, digital merchant retail payments or cross-border payments. For ‘non-cash transactions’ the definition would typically include number of cheques, credit transfers, direct debits, payment card transactions, and payments by e-money instruments (card-based e-money instruments, mobile money products, and online money products). Digital merchant retail payments would refer to electronic transactions for the payment of goods and services. Cross-border payments would typically refer to international remittances and other cross-border payments.
Applicability: intermediated finance, where possible and relevant, not Fund investment.
Unit: # currency
FI-09
Number of Active Female and Women-Owned/Led Enterprise Clients served through a Financial Institution
DEFINITION: The number of active female clients and/or women-owned or women-led enterprise clients served by a commercial bank, microfinance institution, a non-bank financial intermediary, or other financial institution. A women-owned or women-led enterprise client is one that has significant female representation in ownership and/or in decision-making through leadership.
GUIDANCE: Refer to guidance for “Number of Active Borrowers/Clients”
This metric aims to measure the gender diversity of a financial institution's retail and/or business lending portfolio and may be disaggregated by type of portfolio (e.g., SME, microfinance, trade finance, retail, housing). The metric requires the financial intermediary to understand and verify female representation in ownership and/or in decision-making through leadership (refer to the definition of leadership in the metric “Number of Women in Senior Management”), and systematically collect and report on sex disaggregated data. Practitioners may refer to gender ownership and/or leadership benchmarks as needed, such as those specified by the 2X Challenge (www.2xchallenge.org) or women-owned/led enterprise definitions as specified by the IFC: (https://www.ifc.org/wps/wcm/connect/industry_ext_content/ifc_external_corporate_site/financial+institutions/priorities/ifcs+definitions+of+targeted+sectors). Practitioners may need to assist financial intermediaries' ability to collect, verify, and report on this sex-disaggregated data.
Applicability: Clients of a financial intermediary, but not used for investment fund investees. For investment fund investees, refer to “Number of Women in Senior Management”, “Number of Women on the Board”, and “Number of Female Founded Enterprises”.
Applicability: intermediated finance, where possible and relevant, not Fund investment.
Unit: #
FI-10
Number of Loans Outstanding to Female and Women-Owned/Led Enterprise Clients served through a financial institution
DEFINITION: Number of outstanding loans in the eligible financial intermediary institution’s portfolio to female and women-owned/led enterprise clients at the end of the reporting period.
GUIDANCE: Refer to the guidance on “Number of Loans Outstanding” metric.
This metric aims to measure the gender diversity of a financial institution's retail and/or business lending portfolio and may be disaggregated by type of portfolio (e.g., SME, microfinance, trade finance, retail, housing). The metric requires the financial intermediary to understand and verify female representation in ownership and/or in decision-making through leadership (refer to the definition of leadership in the metric “Number of Women in Senior Management”), and systematically collect and report on sex disaggregated data. Practitioners may refer to gender ownership and/or leadership benchmarks as needed, such as those specified by the 2X Challenge (www.2xchallenge.org) or women-owned/led enterprise definitions as specified by the IFC: (https://www.ifc.org/wps/wcm/connect/industry_ext_content/ifc_external_corporate_site/financial+institutions/priorities/ifcs+definitions+of+targeted+sectors). Practitioners may need to assist financial intermediaries' ability to collect, verify, and report on this sex-disaggregated data.
Applicability: Clients of a financial intermediary, but not used for investment fund investees. For investment fund investees, refer to “Number of Women in Senior Management”, “Number of Women on the Board”, and “Number of Female Founded Enterprises”.
Unit: #
FI-11
Value of Loans Outstanding to Female and Women-Owned/Led Enterprise Clients served through a financial institution
DEFINITION: Value of outstanding loans in the eligible financial intermediary institution’s portfolio to female and women-owned/led enterprise clients at the end of the reporting period.
GUIDANCE: Refer to guidance in “Value of Loans Outstanding” metric.
This metric aims to measure the gender diversity of a financial institution's retail and/or business lending portfolio and may be disaggregated by type of portfolio (e.g., SME, microfinance, trade finance, retail, housing). The metric requires the financial intermediary to understand and verify female representation in ownership and/or in decision-making through leadership (refer to the definition of leadership in the metric “Number of Women in Senior Management”), and systematically collect and report on sex disaggregated data. Practitioners may refer to gender ownership and/or leadership benchmarks as needed, such as those specified by the 2X Challenge (www.2xchallenge.org) or women-owned/led enterprise definitions as specified by the IFC: (https://www.ifc.org/wps/wcm/connect/industry_ext_content/ifc_external_corporate_site/financial+institutions/priorities/ifcs+definitions+of+targeted+sectors). Practitioners may need to assist financial intermediaries' ability to collect, verify, and report on this sex-disaggregated data.
Applicability: Clients of a financial intermediary, but not used for investment fund investees. For investment fund investees, refer to “Number of Women in Senior Management”, “Number of Women on the Board”, and “Number of Female Founded Enterprises”.
Unit: currency
FI-12
Number of deposit transaction accounts to Female and Women Owned/Led Enterprise Clients served through a financial institution
DEFINITION: Number of deposit/savings transaction accounts in the financial intermediary institution’s portfolio to female and women-owned/led enterprise clients at the end of the reporting period.
GUIDANCE: Refer to guidance in “Number of Deposit Transaction Accounts” metric.
This metric aims to measure the gender diversity of a financial institution's retail and/or business lending portfolio and may be disaggregated by type of portfolio (e.g., SME, microfinance, trade finance, retail, housing). The metric requires the financial intermediary to understand and verify female representation in ownership and/or in decision-making through leadership (refer to the definition of leadership in the metric “Number of Women in Senior Management”), and systematically collect and report on sex disaggregated data. Practitioners may refer to gender ownership and/or leadership benchmarks as needed, such as those specified by the 2X Challenge (www.2xchallenge.org) or women-owned/led enterprise definitions as specified by the IFC: (https://www.ifc.org/wps/wcm/connect/industry_ext_content/ifc_external_corporate_site/financial+institutions/priorities/ifcs+definitions+of+targeted+sectors). Practitioners may need to assist financial intermediaries' ability to collect, verify, and report on this sex-disaggregated data.
Applicability: Clients of a financial intermediary, but not used for investment fund investees. For investment fund investees, refer to “Number of Women in Senior Management”, “Number of Women on the Board”, and “Number of Female Founded Enterprises”.
Unit: #
FI-13
Access to digital payment services to Female and Women-Owned/Led Enterprise Clients served through a financial institution
DEFINITION: Number of female and women-owned/led enterprise clients of the financial intermediary with access to digital payment services (e.g. card, internet payments, platform, app etc.) in the intermediary financial institution’s portfolio at the end of the reporting period.
GUIDANCE: Refer to guidance for the “Access to digital payment services” metric.
This metric aims to measure the gender diversity of a financial institution's retail and/or business lending portfolio and may be disaggregated by type of portfolio (e.g., SME, microfinance, trade finance, retail, housing). The metric requires the financial intermediary to understand and verify female representation in ownership and/or in decision-making through leadership (refer to the definition of leadership in the metric “Number of Women in Senior Management”), and systematically collect and report on sex disaggregated data. Practitioners may refer to gender ownership and/or leadership benchmarks as needed, such as those specified by the 2X Challenge (www.2xchallenge.org) or women-owned/led enterprise definitions as specified by the IFC: (https://www.ifc.org/wps/wcm/connect/industry_ext_content/ifc_external_corporate_site/financial+institutions/priorities/ifcs+definitions+of+targeted+sectors). Practitioners may need to assist financial intermediaries' ability to collect, verify, and report on this sex-disaggregated data.
Applicability: Clients of a financial intermediary, but not used for investment fund investees. For investment fund investees, refer to “Number of Women in Senior Management”, “Number of Women on the Board”, and “Number of Female Founded Enterprises”.
Unit: #
Health
HE-01
Number of Patients Served
DEFINITION: Number of patient consultations provided by the client company during the reporting period.
Unit: #
HE-02
Number of Female Patients Served
DEFINITION: Number of female patient consultations provided by the client company during the reporting period.
GUIDANCE: Practitioners will need to collect total "Patients Served" to get a percentage.
Applicability: Patients of a client company in the Health sector
Unit: #
Housing
HO-01
Improved Dwellings
DEFINITION: Number of residential dwellings (≥1 family per unit) refurbished by the client company at the end of the reporting period.
Unit: #
HO-02
New Dwellings
DEFINITION: Number of new residential dwellings (≥1 family per unit) constructed by the client company at the end of the reporting period.
Unit: #
Industry & Services
IN-01
Domestic Purchases
DEFINITION: Value of company’s purchases of goods and services from domestic suppliers (including raw materials, security, gardening, cleaning and marketing & research from local companies) during the reporting period.
Unit: # currency
IN-02
Export Sales
DEFINITION: Value of export sales of the product or service over the reporting period.
Unit: # currency
IN-03
Total Sales
DEFINITION: Unit count (as applicable) and gross value of sales over the reporting period.
Unit: # & # currency
Information & Communication Technologies
[GROUP] INFORMATION & COMMUNICATION TECHNOLOGIES
IT-01
Number of Active Customers, mobile service - individuals
DEFINITION: Number of Customers: Number of personal connections at the end of the reporting period.
Sub-sector: MNO, Satellites
Unit: #
IT-02
Number of Active Customers, mobile service - firms
DEFINITION: Number of Customers: Number of commercial connections at the end of the reporting period.
Sub-sector: MNO, Satellites
Unit: #
IT-03
Number of Active Customers, fixed broadband - individuals
DEFINITION: Number of Customers: Number of personal connections at the end of the reporting period.
Sub-sector: Fixed broadband
Unit: #
IT-04
Number of Active Customers, fixed broadband - firms
DEFINITION: Number of Customers: Number of personal connections at the end of the reporting period.
Sub-sector: Fixed broadband
Unit: #
IT-05
Number of new Customers with access to fixed broadband
DEFINITION: Number of unique households/firms that gained access to fixed broadband during the reporting period, while they had no prior access
Sub-sector: Fixed broadband
Unit: #
IT-06
Number of Active Customers, cloud services - firms
DEFINITION: Number of firms that contracted cloud services from the provider during the reporting period.
Sub-sector: Data centers
Unit: #
IT-07
% data center capacity sold
DEFINITION: % of data center capacity sold.
Sub-sector: Data centers
Unit: %
IT-08
% data center capacity sold -- wholesale
DEFINITION: % of data center capacity sold to wholesale customers.
Sub-sector: Data centers
Unit: %
IT-09
Percentage of population or households with access
DEFINITION: Percentage of population / households that live in a location covered by the client's network during the reporting period.
Sub-sector: Fixed Broadband / MNOs
Unit: %
IT-10
Number of homes/firms passed
DEFINITION: Number unique households/firms located in an area covered by the client's network during the reporting period.
Sub-sector: Fixed Broadband
Unit: #
IT-11
Amount of data center IT power/ number of racks added
DEFINITION: Data center capacity added by the entity during the reporting period.
Sub-sector: Data centers
Unit: MW, #
IT-12
Submarine cables capacity installed
DEFINITION: Submarine cable data transmission capacity added during the reporting period.
Sub-sector: Submarine cable
Unit: TB/second
IT-13
Kilometers of New Lines Installed
DEFINITION: Kilometers of new lines built/in service (long-haul/backhaul/metro, fiber optics or other technologies) during the reporting period.
Sub-sector: Fixed broadband
Unit: Kilometers (Km)
IT-14
Kilometers of Lines Upgraded
DEFINITION: Kilometers of lines upgraded (long-haul/backhaul/metro, fiber optics or other technologies) during the reporting period.
Sub-sector: Fixed broadband
Unit: Kilometers (Km)
IT-15
Number of New Sites/Cells Installed
DEFINITION: Number of new sites/cells (BTS/towers, antennas, etc.) built during the reporting period.
Sub-sector: MNO, Tower
Unit: #
IT-16
Number of New Sites/Cells Upgraded
DEFINITION: Number of new sites/cells (BTS/towers, antennas, etc.) upgraded during the reporting period.
Sub-sector: MNO, Tower
Unit: #
IT-17
Tenancy Ratio
DEFINITION: Average number of tenants (operators) per tower during the reporting period.
Sub-sector: Tower
Unit: #
IT-18
Median download speed
DEFINITION: Median download speed of fixed/mobile broadband in the market.
Sub-sector: MNO, Tower, Fixed broadband, Satellites
Unit: Mbps
IT-19
Price of the cheapest plan
DEFINITION: Price of the cheapest mobile/fixed plan in the market.
Sub-sector: MNO, Tower, Fixed broadband, Satellites
Unit: USD PPP
IT-20
Number of subscribers to an affordable plan
DEFINITION: Number of subscribers to mobile/fixed broadband plans that cost less than 2% of average income(*) during the reporting period.
Sub-sector: MNO, Fixed broadband, Satellites
(*) Average income should be that of the population of interest. For projects with national reach it could be eiher per capita GNI or average national household income from household surveys. For projects with local / regional reach or targeting specific segments of population, incomes of covered areas or segments of interest should be used.
Unit: #
[GROUP] DISRUPTIVE DIGITAL TECHNOLOGIES
IT-21
Number of individuals with improved access to services due to the introduction of a disruptive digital technology
DEFINITION: Number of individuals with better access to services during the reporting period due to the client introducing a disruptive digital technology. Examples include health or education services provided via augmented/virtual reality, or artificial intelligence.
Unit: # individuals
IT-22
Number of users of the disruptive digital technology
DEFINITION: Number of individuals using the client’s disruptive digital technology during the reporting period. Examples include block chain, artificial intelligence, virtual reality, cloud computing, 3D printing, or Internet of Things.
Unit: # individuals
IT-23
Number of buyers of the disruptive digital technology
DEFINITION: Number of individuals/firms buying a disruptive digital technology from the client during the reporting period. Examples include augmented/virtual reality, cloud computing, 3D printing, or Internet of Things.
Unit: # individuals or firms
IT-24
Number of service providers on the digital platform
DEFINITION: Number of individuals/firms buying a disruptive digital technology from the client during the reporting period. Examples include augmented/virtual reality, cloud computing, 3D printing, or Internet of Things.
Unit: # individuals
IT-25
Payment to service providers on the digital platform
DEFINITION: Total payment to individual service providers (for example drivers, teachers, self-employed entrepreneurs, gig workers, or cleaners) on the digital platform during the reporting period.
Unit: # currency
IT-26
Number of transactions on the digital platform
DEFINITION: Number of completed transactions between buyers and sellers on the digital platform during the reporting period.
Unit: # transactions
IT-27
Value of operational improvements due to the disruptive digital technology
DEFINITION: Value of improvement in the operational performance (for example cost savings, revenue/sales/productivity growth) generated during the reporting period because of a disruptive digital technology.
Unit: # currency
IT-28
Number of firms reporting an improved operational performance due to the introduction of a disruptive digital technology
DEFINITION: Number of firms reporting an improvement in the operational performance (e.g. cost savings, revenue/sales/productivity growth) during the reporting period due to the introduction of a disruptive digital technology.
Unit: # firms
IT-29
Number of firms using the disruptive digital technology to innovate
DEFINITION: Number of firms using the disruptive digital technology, (for example artificial intelligence, virtual reality, cloud computing, 3D printing, or Internet of Things) to introduce new products, business models or standards during the reporting period. The innovation needs to be clearly linked to the disruptive digital technology.
Unit: # firms
IT-30
Number of individuals trained on the disruptive digital technology
DEFINITION: Number of individuals trained on the disruptive digital technology during the reporting period. Examples includes training provided on block chain, artificial intelligence, virtual reality, cloud computing, 3D printing, Internet of Things, or digital platforms.
Unit: # individuals
Mining
MI-01
Volume of industrial output
DEFINITION: Volume of output (commodity or intermediate goods) Could be disaggregated by domestic use and exports.
Unit: # tons
MI-02
Volume of minerals/metals sourced from local/regional supplier(s)
DEFINITION: Volume of minerals/metals sourced from local/regional supplier(s).
Unit: # tons
Oil/Gas
OG-01
Oil/gas delivered to end-customers
DEFINITION: Volume of oil/gas delivered to end-customers during the reporting period. Could be disaggregated by domestic consumption and exports.
Unit: # m3
OG-02
Number of connections*
DEFINITION: Number of gas distribution service connections during the reporting period.
Guidance: New connections can be obtained by subtracting the previous number of connections from the value at the end of the current reporting period. Could be disaggregated by user type for example, (i) underserved - a group of individuals that are inadequately served by the current market [low income, isolated areas, etc.], (ii) residential / non-residential.
* Applies only to gas distribution projects
Unit: # connections
OG-03
Number of LNG/CNG stations
DEFINITION: Number of Liquid Natural Gas (LNG)/Compressed Natural Gas (CNG) stations during the reporting period.
Unit: # stations
OG-04
Length of service interruptions
DEFINITION: Length of service interruptions during the reporting period.
Unit: # hours
PE & Investment Funds
PE-01
Direct jobs supported in the investee company (Operations and Maintenance)
DEFINITION: Number of full-time equivalent workers, as per local definition, working for the investee company or investment project at the end of the reporting period unless there is seasonal variation. This includes individuals hired directly and individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the investee company or investment project. This also includes full-time equivalent work by seasonal, contractual and part-time workers.
GUIDANCE: This indicator reflects the number of full-time equivalent workers in the investee company at the time of reporting or during the reporting period. This is a separate indicator from direct jobs supported in direct operations, different to the indicator of jobs in the intermediary, and does not apply to other intermediated operation other than debt/equity funds.
Scope: Whenever possible and feasible report the number of workers that work in the project or client company. If a company facilitates the trading of goods or services between two parties, but does not itself purchase those goods or services, these jobs should not be included (e.g. gig economy, independent contractors and freelancers should not be considered employees of platforms through which they operate).
Reporting period: Report number of Full Time Equivalent (FTE) workers at the end of the reporting period, unless there is significant seasonal variation in the number of non-permanent workers, in which case please average the number of FTEs over the reporting period for temporary workers, using the FTE calculation below.
Full time Equivalent (FTE): Part-time jobs are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job. Where companies employ piece-rate workers, a piece rate per hour or per day will need to be estimated, in order to calculate the FTE. Where there are a large number of workers on variable hours, including day labourers, please include typical number of workers on site at any one time.
Construction Jobs: Only include construction jobs if the company is itself a construction or real estate company, and the jobs are therefore not expected to cease at the end of the construction phase of any individual asset. Construction Jobs supported during the construction phase of a company’s assets are not included in this metric. All jobs associated with time bound construction projects should be captured under refer to the metric: Construction Jobs.
Applicability: Fund investment, not intermediated finance.
Related indicators: Direct jobs supported in the investee company (Operations and Maintenance) – Female is a subset of this indicator. Apart from this indicator several jobs metrics exist. This indicator is similar to Direct Jobs Supported (Operations and Maintenance) for direct operations but focusses on investee companies of an equity/debt fund. It is different to the indicator Direct Jobs Supported in the Intermediary as this refers to the investee company only, not the intermediary. The indicator is also different to Direct Jobs Created (Operations and Maintenance). It measures the number of jobs in the respective investee company, not the increment or any counterfactual scenario.
Unit: #FTE
PE-02
Female Direct jobs supported in the investee company (Operations and Maintenance)
DEFINITION: Number of full-time equivalent female workers, as per local definition, working for the investee company at the end of the reporting period unless there is seasonal variation. This includes women hired directly and women hired through third party agencies, as long as those women provide services related to the operations and maintenance of the investee company. This also includes full-time equivalent work by seasonal, contractual and part-time female workers.
GUIDANCE: This is indicator is a subset of the Direct jobs supported in the investee company (Operations and Maintenance). It measures the number of female employees in the investee company. The methodology it follows is the same.
This indicator reflects the number of female full-time equivalent workers in the investee company at the time of reporting or during the reporting period.
Scope: Whenever possible and feasible report the number of female workers that work in the project or client company.
If a company facilitates the trading of goods or services between two parties, but does not itself purchase those goods or services, these jobs should not be included (e.g. gig economy, independent contractors and freelancers should not be considered employees of platforms through which they operate).
Reporting period: Report number of Full Time Equivalent (FTE) female workers at the end of the reporting period, unless there is significant seasonal variation in the number of non-permanent female workers, in which case please average the number of FTEs over the reporting period for temporary workers, using the FTE calculation below.
Full time Equivalent (FTE): Part-time jobs are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job. Where companies employ piece-rate workers, a piece rate per hour or per day will need to be estimated, in order to calculate the FTE. Where there are a large number of workers on variable hours, including day labourers, please include typical number of workers on site at any one time.
Construction Jobs: Only include construction jobs if the company is itself a construction or real estate company, and the jobs are therefore not expected to cease at the end of the construction phase of any individual asset. Construction Jobs supported during the construction phase of a company’s assets are not included in this metric. All jobs associated with time bound construction projects should be captured under refer to the metric: Construction Jobs.
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: Direct jobs supported in the investee company (Operations and Maintenance) is the broader indicator this indicator is a subset of. Other related jobs indicators include: This indicator is similar to Female Direct Jobs Supported (Operations and Maintenance) for direct operations but focusses on investee companies of an equity/debt fund. It is different to the indicator Female Direct Jobs Supported in the Intermediary as this refers to the investee company only, not the intermediary. The indicator is also different from Direct Jobs Created (Operations and Maintenance) - Female. It measures the number of jobs in the respective investee company, not the increment or any counterfactual scenario.
Unit: #
PE-03
Number of active Fund Investments
DEFINITION: Number of active investments at the end of the reporting period
GUIDANCE: This indicator reflects the number of unique investee companies in which a fund holds an interest at the end of the reporting period. Each investee company, irrespective of the number or volume of investments and/or types of investment instruments should be counted as a single investment.
Applicability: Fund investment, not intermediated finance.
Related indicators: This indicator is the parent indicator to disaggregated subsets such as Number of active Fund Investments in Female Founded Enterprises. It is expressed in the number of investments, not the amount, unlike Amount of active Fund Investments. It measures the current number of active investments, not realized ones (this is covered under Number of realized Fund Investments). This indicator is distinct from Number of Loans Outstanding. Number of Loans Outstanding should be used for intermediated operations through banks etc. whereas Number of active Fund Investments is used for funds, both equity and debt funds.
Unit: # Investments
PE-04
Number of Active Fund Investments in Female Founded Enterprises
DEFINITION: Number of active fund investments in enterprises in which there is an active female founder(s). Female founder(s) must retain an active role in the organization as of the end of the reporting period. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization.
GUIDANCE: This is indicator is a subset of the Number of active Fund Investments Refer to Number of Active Fund Investments for further methodological guidance.
This indicator reflects the number of unique investee companies in which a fund holds an interest at the end of the reporting period. Each investee company, irrespective of the number or volume of investments and/or types of investment instruments should be counted as a single investment.
Note:
• To ensure female ownership is retained and not crowded out through the investment the female founder(s) must retain an active role in the organization at the time of reporting. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization
• Practitioners may refer to specific gender benchmarks and application guidance as needed, such as those specified by the 2X Challenge (www.2xchallenge.org).
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: This indicator is the parent indicator to disaggregated subsets such as Number of active Fund Investments in Female Founded Enterprises. It is expressed in the number of investments, not the amount, unlike Amount of active Fund Investments. It measures the current number of active investments, not realized ones (this is covered under Number of realized Fund Investments). This indicator is distinct from Number of Loans Outstanding. Number of Loans Outstanding should be used for intermediated operations through banks etc. whereas Number of active Fund Investments is used for funds, both equity and debt funds.
Unit: # Investments
PE-05
Number of realized Fund Investments
DEFINITION: Cumulative number of realized investments as of the end of the reporting period.
GUIDANCE: This indicator reflects the number of unique investee companies in which a fund no longer holds an interest at the end of the reporting period. Each investee company, irrespective of the number or volume of investments and/or types of investment instruments should be counted as a single investment They should only be counted at full exit, once all the investments have been realized, and not in tranches. Investments should be considered realized when the fund no longer holds securities in the investee company (regardless of any monetary amounts that may still be due as part of a deferred consideration or escrow). Investments which are written off, meaning the value of the investment has been eliminated with no prospect of recovery, should be considered realized investments.
Applicability: Fund investment, not intermediated finance.
Related indicators: This indicator is the parent indicator to disaggregated subsets such as Number of realized Fund Investments in Female Founded Enterprises. It is expressed in number of investments, not amount, unlike Amount of Realized Fund Investments. It measures the number of realized investments, not active ones (this is covered under Number of Active Fund Investments).
Unit: #investments
PE-06
Number of realized Fund Investments in Female Founded Enterprises
DEFINITION: Number of realized fund investments in enterprises in which there is an active female founder(s). Female founder(s) must retain an active role in the organization as of the end of the reporting period. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization.
GUIDANCE: This is indicator is a subset of the Number of Realized Fund Investments. It measures the number of female founded companies the fund had invested in but has realized. Refer to Number of Realized Fund Investments for further methodological guidance. The methodology it follows is the same.
This indicator reflects the number of realized investments a fund has at the end of the reporting period. These should be counted as unique investee companies, not as the number of tranches. Each investee, irrespective of the number or volume of investments should be counted as a single investment. Even if a combination of debt and equity is provided, a single counterpart should be counted once.
Note: To ensure female ownership is retained and not crowded out through the investment the female founder(s) must have retained and active role still in the organization throughout the investment. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization
Practitioners may refer to specific gender benchmarks and application guidance as needed, such as those specified by the 2X Challenge (2xchallenge.org).
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: This indicator is a subset of the parent indicator Number of Realized Fund Investments. It is expressed in number of investments not amount unlike Amount of Realized Fund Investments in Female Founded Enterprises. It measures the number of realized investments, not active ones (this is covered under Number of Active Fund Investments in Female Founded Enterprises).
Unit: #investments
PE-07
Amount of Active Fund Investments
DEFINITION: Value of active invested capital on a cost at investment basis at the end of the reporting period
GUIDANCE: This indicator reflects the actual amount invested by the fund in active investee companies at the end of the reporting period. The actual investment amounts should exclude any fees and expenses incurred in relation to the investment. For reporting purposes, investments in different instruments (e.g. debt and equity ) may be reported separately or combined into a single reporting metric if made explicit.
Note: This measures the amount of investment. This is distinct from Value of fund investments. The former measures the value at costs (how much was invested) while the latter measures the valuation of the investment at the time of reporting. The two can be complementary. The “amount” is used for tracking the Fund’s capital investment flows; the “value” assesses the growth or the value of the investments at exit, which is often also measured with other indicators.
Applicability: Fund investment, not intermediated finance.
Related indicators: This indicator is the parent indicator to disaggregated subsets such as Amount of active Fund Investments in Female Founded Enterprises. It is expressed in pecuniary terms not as the number of investments (for this use Number of active Fund Investments). It measures the current amount of active investments, not realized ones (this is covered under Number of realized Fund Investments). This indicator is distinct from Value of Loans Outstanding. Value of Loans Outstanding should be used for intermediated operations through banks etc. whereas Amount of active Fund Investments is used for funds, both equity and debt funds.
Unit: # currency
PE-08
Amount of active Fund Investments in Female Founded Enterprises
DEFINITION: Value of active invested capital on a cost at investment basis to enterprises in which there is an active female founder(s). Female founder(s) must retain an active role in the organization as of the end of the reporting period. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization.
GUIDANCE: This is indicator is a subset of the Amount of active Fund Investments. It measures the Amount of investments in female founded companies. Refer to Amount of Active Fund Investments for further methodological guidance. The methodology it follows is the same.
Note: This measures the amount of investment. This is distinct from Value of find investments. The former measures the value at costs (how much was invested) while the latter measures the valuation of the investment at the time of reporting. The two can be complementary. The amount is used for tracking the in and out of the investments, the value assesses the growth or the value of the investments at exit, which is often also measured with other indicators.
To ensure female ownership is retained and not crowded out through the investment the female founder(s) must retain and active role still in the organization at the time of reporting. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization
Practitioners may refer to specific gender benchmarks and application guidance as needed, such as those specified by the 2X Challenge (2xchallenge.org).
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: This indicator is a subset of the parent indicator Amount of active Fund Investments. It is expressed as the amount of investments not number (for this use Number of active Fund Investments in Female Founded Enterprises). It measures the current amount of active investments, not realized ones (this is covered under Number of realized Fund Investments). This indicator is distinct from Value of Loans Outstanding. Value of Loans Outstanding should be used for intermediated operations through banks etc. whereas Amount of active Fund Investments is used for funds, both equity and debt funds.
Unit: # currency
PE-09
Amount of realized Fund Investments
DEFINITION: Cumulative value of realized invested capital on a cost at investment basis at the end of the reporting period
Applicability: Fund investment, not intermediated finance.
GUIDANCE: This indicator reflects the amount actually invested by the fund in investee companies that have been realized by the end of the reporting period. For reporting purposes, debt and equity investments may be reported separately or combined into a single reporting metric if made explicit. All reporting is at a cost of investment basis, and does not reflect the actual proceeds received by the fund. Investments should be considered realized when the fund no longer holds securities in the investee company (regardless of any monetary amounts that may still be due as part of a deferred consideration or escrow). Investments which are written off, meaning the value of the investment has been eliminated with no prospect of recovery, should be considered realized investments.
Applicability: Fund investment, not intermediated finance.
Related indicators: This indicator is the parent indicator to disaggregated subsets such as Amount of realized Fund Investments in Female Founded Enterprises. It is expressed as the amount of realized investment, not at the number (Number of realized Fund Investments), which can cover a different sets as the amount may also cover partial divestments. It measures the amount of realized investments, not active ones (this is covered under Amount of active Fund Investments).
Unit: # currency
PE-10
Amount of realized Fund Investments in Female Founded Enterprises
DEFINITION: Cumulative value of realized invested capital on a cost at investment basis to enterprises in which there is an active female founder(s). Female founder(s) must retain an active role in the organization as of the end of the reporting period. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization.
GUIDANCE: This indicator is a subset of the Amount of Realized Fund Investments. It measures the amount of investments realized in female founded companies the fund had invested in. Refer to Amount of Active Fund Investments for further methodological guidance. The methodology it follows is the same.
This indicator reflects the amount actually invested by the fund in investee companies that have been realized by the end of the reporting period. For reporting purposes, debt and equity investments may be reported separately or combined into a single reporting metric if made explicit. All reporting is at a cost of investment basis, and does not reflect the actual proceeds received by the fund. Investments should be considered realized when the fund no longer holds securities in the investee company (regardless of any monetary amounts that may still be due as part of a deferred consideration or escrow). Investments which are written off, meaning the value of the investment has been eliminated with no prospect of recovery, should be considered realized investments.
Note: To ensure female ownership is retained and not crowded out through the investment the female founder(s) must have retained and active role still in the organization throughout the investment. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization
Practitioners may refer to specific gender benchmarks and application guidance as needed, such as those specified by the 2X Challenge (2xchallenge.org).
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: This indicator is a subset of the parent indicator Amount of Realized Fund Investments. It is expressed as the amount of realized investment, not at the number (Number of Realized Fund Investments in Female Founded Enterprises), which can cover a different sets as the amount may also cover partial divestments. It measures the amount of realized investments, not active ones (this is covered under Amount of Active Fund Investments in Female Founded Enterprises).
Unit: # currency
PE-11
Payment to Government
DEFINITION: All transfers to the government made by client company over the reporting period. At a minimum, this includes payments to the government in the form of corporate income or profit taxes. Additional forms of transfer to be reported as appropriate include (i) sales taxes, (ii) net VAT, (iii) royalties, (iv) dividends and related taxes, (v) management and/or concession fees, (vi) license fees, (vii) tax on payment of interest, and (viii) other material payments net of any direct subsidies received.
GUIDANCE: Applicability: Fund investment, not intermediated finance
Unit: # currency
PE-12
EBITDA
DEFINITION: Earnings before interest, tax, depreciation and amortisation (EBITDA).
GUIDANCE: This indicator captures the value of the investee companies net income before interest, taxes, depreciation and amortization during the reporting period according to the international accounting standards (EBITDA= Revenue − Expenses (excluding tax and interest, depreciation, and amortization))
Note: EBITDA should be expressed in terms of the agreed reporting currency (typically USD, EUR, or local currency). Ideally, currencies should be complemented by exchange rates as used at the time of computation to allow for future use.
Applicability: Fund investment, not intermediated finance
Unit: # currency
PE-13
Total Sales
DEFINITION: Gross value of sales during the reporting period.
GUIDANCE: Sales revenue of investee companies should be revenue resulting from the ordinary operating activities of an organization. This is commonly referred to as earned revenue. Note this is distinct to total revenue given earning from financial activates, sales of assets, etc.
Note: Sales should be expressed in terms of the agreed reporting currency (typically USD, EUR, or local currency). Ideally, currencies should be complemented by exchange rates as used at the time of computation to allow for future use.
Applicability: Direct operations, Fund investment, not intermediated finance
Unit: # currency
PE-14
Domestic Purchases
DEFINITION: Value of company’s purchases of goods and services from domestic suppliers (including raw materials, security, gardening, cleaning and marketing & research from local companies) during the reporting period.
GUIDANCE: Applicability: typically not applicable to intermediated operation (Fund investment, intermediated finance)
Unit: # currency
PE-15
Export Sales
DEFINITION: Value of export sales of the product or service over the reporting period.
GUIDANCE: Applicability: typically not applicable to intermediated operation (Fund investment, intermediated finance).
Unit: # currency
PE-16
Direct Jobs Supported in the Intermediary
DEFINITION: Number of full-time equivalent workers, as per local definition, working for the intermediary. This includes individuals hired directly and individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the intermediary. This also includes full-time equivalent work by seasonal, contractual and part-time workers.
GUIDANCE: This indicator reflects the number of full-time equivalent workers in the fund at the time of reporting or during the reporting period. This is a separate indicator from direct jobs supported in direct operations, different to the indicator on jobs in the investee company, and does not apply to other intermediated operation other than debt/equity funds.
Scope: Whenever possible and feasible report the number of workers that directly work in the specific fund. It should not include those of the investee companies, and it should not include fund services purchased (e.g. outsourced fund administration and accounting services).
Reporting period: Report number of Full Time Equivalent (FTE) workers at the end of the reporting period, unless there is significant seasonal variation in the number of non-permanent workers, in which case please average the number of FTEs over the reporting period for temporary workers, using the FTE calculation below.
Full time Equivalent (FTE): Part-time jobs are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year. Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job. Where companies employ piece-rate workers, a piece rate per hour or per day will need to be estimated, in order to calculate the FTE. Where there are a large number of workers on variable hours, including day labourers, please include typical number of workers on site at any one time.
Applicability: Fund investment, typically not intermediated finance
Related indicators: Female Direct Jobs Supported in the Intermediary is a subset of this indicator. Apart from this indicator several jobs metrics exist. This indicator is similar to Direct Jobs Supported (Operations and Maintenance) for direct operations but focusses on the equity/debt fund. It is different to the indicator Direct Jobs Supported in the Investee Company (Operations and Maintenance) as this refers to the investee company only, not the intermediary. The indicator is also different from Direct Jobs Created (Operations and Maintenance). The latter measures the increment or any counterfactual scenario whereas Direct Jobs Supported in the Intermediary measures the current number of jobs in the fund.
Unit: # FTE
PE-17
Female Direct Jobs Supported in the Intermediary
DEFINITION: Number of full-time equivalent female workers, as per local definition, working for the intermediary.
This includes women hired directly and women hired through third party agencies, as long as those women provide services related to the operations and maintenance of the intermediary. This also includes full-time equivalent work by seasonal, contractual and part-time workers.
GUIDANCE: This indicator is a subset of the Direct Jobs Supported in the Intermediary. This indicator reflects the number of full-time equivalent female workers in the investee company at the time of reporting or during the reporting period. This is a separate indicator from direct jobs supported in direct operations, different to the indicator on Female Direct Jobs in the investee company, and does not apply to other intermediated operation other than debt/equity funds.
Scope: Whenever possible and feasible report the number of female workers that work in the project or client company. It should not include those of the investee companies, and it should not include fund services purchased (e.g. outsourced fund administration and accounting services).
Reporting period: Report number of Full Time Equivalent (FTE) workers at the end of the reporting period, unless there is significant seasonal variation in the number of non-permanent workers, in which case please average the number of FTEs over the reporting period for temporary workers, using the FTE calculation below.
Full time Equivalent (FTE): Part-time jobs are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year. Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job. Where companies employ piece-rate workers, a piece rate per hour or per day will need to be estimated, in order to calculate the FTE. Where there are a large number of workers on variable hours, including day labourers, please include typical number of workers on site at any one time.
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: This indicator is a subset of the parent indicator Direct Jobs Supported in the Intermediary. Apart from this indicator several jobs metrics exist. This indicator is similar to Direct Jobs Supported (Operations and Maintenance) for direct operations but focusses on the equity/debt fund. It is different to the indicator Female Direct Jobs Supported in the Intermediary as this refers to the investee company only, not the intermediary. The indicator is also different from Direct Jobs Created (Operations and Maintenance). The latter measures the increment or any counterfactual scenario whereas Direct Jobs Supported in the Intermediary - female measures the current number of female jobs in the fund.
Unit: # FTE
PE-18
Number of Investment Committee Members
DEFINITION: Number of Investment Committee members who are counted as voting members of the investment committee of a Debt or Equity investment Fund or other Financial Intermediary as of the end of the reporting period.
GUIDANCE: This metric is intended to capture the size of the investment committee of a financial intermediary or a general partner of a debt or equity fund.
Note: To avoid double-counting investment committee members who fill multiple roles within an organization numbers should not be aggregated in terms of Number of Investment Committee and Direct Jobs Supported in the Intermediary.
Applicability: Fund investment, not intermediated finance
Related indicators: Number of Investment Committee Members who are Female is a subset of this indicator.
Unit: #
PE-19
Number of Investment Committee Members who are Female
DEFINITION: Number of female Investment Committee members who are counted as voting members of the investment committee of a Debt or Equity investment Fund or other Financial Intermediary as of the end of the reporting period.
GUIDANCE: This metric is intended to capture the size of the female representation on the investment committee of a financial intermediary or a general partner of a debt or equity fund. Practitioners will need to collect the total Number of Investment Committee members to get a percentage.
Note: Practitioners should avoid double-counting women who fill multiple roles within an organization by not aggregating HIPSO's Number of Investment Committee members who are Femalewith Female Direct Jobs Supported in the Intermediary
Practitioners may refer to specific gender benchmarks and application guidance as needed, such as those specified by the 2X Challenge (2xchallenge.org).
Applicability: Fund investment where possible and relevant, not intermediated finance.
Related indicators: This indicator is a subset of the parent indicator Number of Investment Committee Members.
Unit: #
PSD Firm Level
PF-01
Business Innovation
Definition: The client adopts or operationalizes a product, internal process, technology or financing structure that is new or not widely used in the domestic sector. Note that “product” includes both physical goods as well as financial products while “domestic sector” can refer to the national market in small countries and regional markets in larger countries. Innovations in supplier or client relationships are covered in the Market Linkages Improved or Expanded Indicator. IFIs who wish to gather additional information on the quality of the result reported may use ‘commentary’ to do so. The indicator captures the adoption or operationalization of innovative business practices, ranging from the financial structuring of the client company to the business processes it uses to deliver products/services. The indicator can be used to track innovative technology transfer without qualifying from where the technology originated. IFIs may wish to undertake more detailed assessment/monitoring of certain aspects of client innovation, but this serves as a good overall capture of innovation.
Unit: Yes/No, with commentary
PF-02
Market Linkages Improved or Expanded
Definition: The client improves existing or engages new kinds/additional forwards or backwards market linkages, including through its own integration. Note that forward/ backward refers to upstream/ downstream supply chain linkages rather than commodities contracts. Also note that Note that “improved” refers to those linkages that the client believes will provided an added-value to its market expansion whether this is because of improvements in technology- use or cheaper/faster service delivery. IFIs who wish to gather additional information on the quality of the result reported may use ‘commentary’ to do so.
Rationale: This indicator tracks IFI client’s improvement of existing or acquisition of new kinds of forward or backward market linkages. The client directly uses these linkages to expand market access. Examples of forward linkages include the sale of value added services and goods to other firms, such as for example the supply of fertilizers by manufacturing companies to agricultural firms, or customers, while backward linkages include the purchases of inputs from suppliers and service providers, for example sourcing raw materials for manufacturing or agro-processing among others. These linkages may be developed using licensing agreements, supplier sources, international sourcing/distribution, etc. This indicator varies from 'Business Innovation,' which only aims to track the development of innovative products and services by the client.
Unit: Yes/No, with commentary
PF-03
Market Share Increased
Definition: The client expands operations and increases market share in a concentrated market in which the client is not a dominant player. Note that "dominant" and “concentrated” should be defined by the IFI based on the context in which the client operates. For example, in some markets, a dominant firm may have over 50% of the market share while in another, a firm may be dominant with only 20% of the market share. Market concentration is determined by the number of firms in a market and their respective share of the relevant market. Hence, a “concen-trated” market typically features fewer firms with larger market shares, with or without a dominant player. IFIs who wish to gather additional information on the quality of the result reported may use ‘commentary’ to do so.
Rationale: This indicator captures another level of an IFI client’s contribution to market competition namely, by expanding existing share of a market. This indicator varies from the ‘New Market Entry’ indicator, which applies to IFI clients who have just entered the relevant market. Hence, only one of these two indicators can be applicable to an IFI client at one time.
Unit: Yes/No, with commentary
PF-04
New Market Entry
Definition: The client enters a new market. Note that “market” refers to the relevant market and varies by country, sector, product and targeted beneficiaries. “Entry” is only relative to the client's own operations, and is denoted by establishment and commencement of sales. IFIs who wish to gather additional information on the quality of the result reported may use ‘commentary’ to do so.
Rationale: This indicator captures one level of an IFI client’s contribution to market competition namely, by entering a market. This indicator varies from the ‘Market Share Increased’ indicator, which applies to IFI clients who expanded their own market share. Hence, only one of these two indicators can be applicable to an IFI client at one time.
Unit: Yes/No, with commentary
PSD Market Level
PM-01
Entry of New Firms
DEFINITION: Additional private sector firms have entered the relevant market in which the client operates. Note that this indicator only applies in circumstances where PSD firm level competition indicators are applicable. IFIs who wish to gather additional information on the quality of the result reported may use ‘commentary’ to do so.
Rationale: This indicator seeks to capture an aspect of increased competition that may be related to the success of the client company. However, the observation of entry of new firms should not be attributed directly to the client’s activities and nor is it fully attributable to IFI interventions.
This indicator is applicable only if the IFI client is expected to attract other firms to the same market, and it should only be used if one of the firm-level PSD indicators “Market Entry” or “Market Share Increased” are used for a given client. However, it should be noted that the indicator may be tracked annually (throughout the project cycle) or in an evaluation/survey method.
Increased competition in the relevant market is often manifested by an increase in product or service quality or a decrease in product or service price, though these do not always indicate entry of new firms and may also result from the reaction of existing players in the relevant market to the new entrant. However, note that the entry of new firms into a market is easier to measure as compared to a change in strategy/positioning of existing firms in the relevant market.
Data for this indicator may be sourced by IFI clients who are able to report on the number of competitors in their respective markets (timing to be determined by the IFI) as this is an exercise any such entity would undertake as part of its operations. If needed, the IFI may then conduct market research to verify the data reported by the client.
Unit: Yes/No, with commentary
Thematic Area
[GROUP] OWNERSHIP AND LEADERSHIP
TA-01
Number of Women in Senior Management
DEFINITION: Number of full-time equivalent (FTE) female employees in senior management roles working for the client company or project at the end of the reporting period. Senior management is generally a team of individuals at the highest level of organizational management (usually executive level positions) who have the day-to-day responsibilities of managing a company or corporation. They are often referred to as the “C-suite” and include positions such as Chief Executive Officer – CEO; Chief Financial Officer – CFO; Chief Marketing Officer – CMO; Chief Operations Officer – COO; Chief Information Officer – CIO; Chief Legal Counsel – CLC, etc. Within different corporations, they can also sometimes be referred to as executive management, top management, or upper management.
GUIDANCE: This metric is intended to capture female representation in Senior Management. Practitioners will need to collect "Total Number of Senior Managers" to get a percentage. Female Senior Managers may also hold ownership stakes or Board or Investment Committee positions in the organization. As such, Practitioners should avoid double-counting women who fill multiple roles within an organization by not aggregating HIPSO's "Number of Women in Senior Management" with "Number of Women on the Board", "Number of Investment Committee members who are female", or "Female Direct Jobs Supported (Operations and Maintenance)". Practitioners may also refer to sector-specific gender leadership benchmarks and application guidance as needed, such as those specified by the 2X Challenge (www.2xchallenge.org).
Applicability: All client companies, where relevant. Practitioners may use the metric for investment fund investees, where relevant, but typically not used for clients of other intermediated finance (e.g. commercial banks).
Unit: #
TA-02
Number of Women on the Board
DEFINITION: Number of women on the 'Board of Directors' of the client company at the end of the reporting period. A board of directors is the governing body of a corporation, composed of a group of individuals that is legally/fiduciarily responsible for overseeing the organization’s management and operations and guiding its strategy. The board is accountable to the shareholders and other relevant stakeholders. A governing body with a different name (e.g., "advisory body") may be considered a Board of Directors provided it has a fiduciary responsibility to shareholders and/or other relevant stakeholders.
GUIDANCE: This metric is intended to capture female representation within the board of directors, supervisory board, or governing body of an organization. Practitioners will need to collect "Total Number of Board Members" to get a percentage. Female Board Members may also hold ownership stakes, Senior Management positions, or Investment Committee positions in the organization . For Financial Intermediaries, the metric refers to the Female Board Members of the Financial Intermediary. For Equity Funds, the metric refers to the Female Board Members of the General Partner. For Investment Fund Investees, also refer to the HIPSO metric "Number of Female Founded Enterprises". Practitioners should avoid double-counting women who fill multiple roles within an organization by not aggregating HIPSO's "Number of Women on the Board" with "Number of Women in Senior Management", "Number of Investment Committee members who are female", or "Female Direct Jobs Supported (Operations and Maintenance)". Practitioners may also refer to specific gender leadership benchmarks and application guidance as needed, such as those specified by the 2X Challenge (www.2xchallenge.org)
Applicability: All client companies, where relevant. Practitioners may use this metric for investment fund investees, where applicable, but typically not used for clients of other intermediated finance (e.g. commercial banks).
Unit: #
TA-03
Number of Investment Committee Members who are Female
DEFINITION: Number of female Investment Committee members who are counted as voting members of the investment committee of a Debt or Equity investment Fund or other Financial Intermediary as of the end of the reporting period.
GUIDANCE: This metric is intended to capture the size of the female representation on the investment committee of a financial intermediary or a general partner of a debt or equity fund. Practitioners will need to collect "Total Number of Investment Committee members" to get a percentage. Practitioners should avoid double-counting women who fill multiple roles within an organization by not aggregating HIPSO's "Number of Investment Committee members who are Female" with "Number of Women on the Board", "Number of Women in Senior Management", or "Female Direct Employment Supported (Operations and Maintenance)". Practitioners may also refer to specific gender leadership benchmarks and application guidance as needed, such as those specified by the 2X Challenge (www.2xchallenge.org)
Applicability: Financial Intermediary client or a General Partner of a Debt or Equity Fund client
Unit: #
TA-04
Number of Female Founded Enterprises
DEFINITION: Number of enterprises in which there is an active female founder(s). Female founder(s) must retain an active role in the organization as of the end of the reporting period. An active role may include acting in an advisory capacity for key decisions and does not necessarily require a full-time role at the organization.
GUIDANCE: Practitioners may refer to specific gender benchmarks and application guidance as needed, such as those specified by the 2X Challenge (www.2xchallenge.org)
Applicability: Direct Equity client, General Partner of a Debt or Equity Fund client, and investment fund investees. For investment fund investees, refer to guidance for “Number of Active Fund Investments in Female Founded Enterprises” and “Number of Realized Fund Investments in Female Founded Enterprises”.
Unit: #
[GROUP] EMPLOYMENT
TA-05
Female Direct Jobs Supported (Operations and Maintenance)
DEFINITION: Number of full-time equivalent female workers, as per local definition, working for the client company or investment project at the end of the reporting period unless there is seasonal variation (see guidance for “Direct Jobs Supported (Operations and Maintenance)”).
This includes female individuals hired directly and female individuals hired through third party agencies, as long as those female individuals provide services related to the operations and maintenance of the client company or investment project. This also includes full-time equivalent worked by seasonal, contractual and part-time workers.
GUIDANCE: Refer to guidance for “Direct Jobs Supported (Operations and Maintenance)”.
Applicability: All client companies, where relevant, but typically not used for clients of intermediated finance (e.g. commercial banks). For financial intermediary clients, refer to “Female Direct Jobs Supported in the Intermediary”. For investment fund investees, refer to “Female Direct Jobs Supported in the investee company”.
Unit: # FTEs
TA-06
Female Construction Jobs (Temporary Construction)
DEFINITION: Number of temporary full-time equivalent workers hired for the construction of the investment project’s hard assets during the reporting period.
GUIDANCE: Refer to guidance for “Construction Jobs (Temporary Construction)”.
Applicability: All client companies, where relevant, but typically not used for clients of intermediated finance (e.g. commercial banks) or investment funds.
Unit: # FTEs
TA-07
Female Direct Jobs Created by the Investment (Operations and Maintenance
DEFINITION: Number of new full-time equivalent female workers, as per local definition, that are hired as a direct consequence of the investment project implementation during the reporting period. This includes female individuals hired directly and female individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the investment project. This also includes new full-time equivalent work by female seasonal, contractual and part-time workers. Existing female workers on the records of the client company prior to the investment project are not to be included in this indicator, except where the base case establishes that existing female jobs are terminating without the investment project.
Unit: #FTEs
[GROUP] Jobs Supported
TA-08
Direct Jobs Supported (Operations and Maintenance)
DEFINITION: Number of full-time equivalent workers, as per local definition, working for the client company or investment project at the end of the reporting period unless there is seasonal variation (see guidance).
This includes individuals hired directly and individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the client company or investment project. This also includes full-time equivalent worked by seasonal, contractual and part-time workers.
GUIDANCE: FOR FULL TIME EQUIVALENT (FTE) - Temporary workers are converted to full-time equivalent jobs on a pro rata basis, based on the average number of months worked over the total months in the reporting period (e.g., if worker worked for three months, this would be equal to a 0.25 FTE job if the reporting period is one year).
Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job.
Where companies employ piece-rate workers, consider headcount of number of workers paid piece-rate and an estimate of what proportion of FTE that category of workers are used for (e.g., if there are 200 piece-rate workers on site each day for 6 months of the year, then FTE = 200 x 6/12 = 100).
Similarly, where there are a large number of workers on variable hours or contracts, including day laborers, please include average number of workers on a typical day (total over 24 hours, if shift work), and the proportion of the year those workers are working for (e.g., 3 shifts of 100 people each day for the whole year: FTE = 3 x 100 x 12/12 = 300). If a temporary worker is part time, the calculation should be number of workers times proportion of a full working week times proportion of a year worked (e.g., FTE = 100 x 3/5 x 6/12 = 30)
Part-time jobs for construction workers are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year.
Unit: #FTEs
TA-09
Construction Jobs (Temporary Construction)
DEFINITION: Number of temporary full-time equivalent workers hired for the construction of the investment project’s hard assets during the reporting period.
GUIDANCE: FOR FULL TIME EQUIVALENT (FTE) - Temporary workers are converted to full-time equivalent jobs on a pro rata basis, based on the average number of months worked over the total months in the reporting period (e.g., if worker worked for three months, this would be equal to a 0.25 FTE job if the reporting period is one year).
Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job.
Where companies employ piece-rate workers, consider headcount of number of workers paid piece-rate and an estimate of what proportion of FTE that category of workers are used for (e.g., if there are 200 piece-rate workers on site each day for 6 months of the year, then FTE = 200 x 6/12 = 100).
Similarly, where there are a large number of workers on variable hours or contracts, including day laborers, please include average number of workers on a typical day (total over 24 hours, if shift work), and the proportion of the year those workers are working for (e.g., 3 shifts of 100 people each day for the whole year: FTE = 3 x 100 x 12/12 = 300). If a temporary worker is part time, the calculation should be number of workers times proportion of a full working week times proportion of a year worked (e.g., FTE = 100 x 3/5 x 6/12 = 30)
Part-time jobs for construction workers are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year.
Temporary Construction Jobs
This indicator includes all workers involved in the construction of the company’s assets, including those employed by third parties if they are working on-site.
Temporary means the jobs will cease when construction of the asset is completed and may include multi-year contracts for large assets.
Construction Companies: This metric does not include workers of construction companies where the client itself is a construction or real estate company. These workers are counted under the Direct Jobs Supported (operations and maintenance) metric.
Unit: #FTEs
[GROUP] Jobs Created
TA-10
Direct Jobs Created by the Investment (Operations and Maintenance)
DEFINITION: Number of new full-time equivalent workers, as per local definition, that are hired as a direct consequence of the investment project implementation during the reporting period. This includes individuals hired directly and individuals hired through third party agencies, as long as those individuals provide services related to the operations and maintenance of the investment project. This also includes new full-time equivalent work by seasonal, contractual and part-time workers. Existing workers on the records of the client company prior to the investment project are not to be included in this indicator, except where the base case establishes that existing jobs are terminating without the investment project.
GUIDANCE: FOR FULL TIME EQUIVALENT (FTE) - Temporary workers are converted to full-time equivalent jobs on a pro rata basis, based on the average number of months worked over the total months in the reporting period (e.g., if worker worked for three months, this would be equal to a 0.25 FTE job if the reporting period is one year).
Seasonal or short-term jobs are prorated on the basis of the portion of the reporting period that was worked (e.g., a full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year). If the information is not available, the rule-of-thumb is two part-time jobs equal a full-time job.
Where companies employ piece-rate workers, consider headcount of number of workers paid piece-rate and an estimate of what proportion of FTE that category of workers are used for (e.g., if there are 200 piece-rate workers on site each day for 6 months of the year, then FTE = 200 x 6/12 = 100).
Similarly, where there are a large number of workers on variable hours or contracts, including day laborers, please include average number of workers on a typical day (total over 24 hours, if shift work), and the proportion of the year those workers are working for (e.g., 3 shifts of 100 people each day for the whole year: FTE = 3 x 100 x 12/12 = 300). If a temporary worker is part time, the calculation should be number of workers times proportion of a full working week times proportion of a year worked (e.g., FTE = 100 x 3/5 x 6/12 = 30)
Part-time jobs for construction workers are converted to full-time equivalent jobs on a pro rata basis, based on local definition (e.g., if working week equals 40 hours, a 24 hr./week job would be equal to 0.6 FTE job). Full-time position for three months would be equal to a 0.25 FTE job if the reporting period is one year.
Unit: #FTEs
[GROUP] ENVIRONMENT AND CLIMATE
TA-11
GHG Emissions
DEFINITION: Amount of GHG emissions expected to be emitted, or measured, annually. This variable is expressed in tons of CO2eq/y. Project-level emissions information provided by client can be used to calculate derivative indicators (e.g., GHG emissions savings/ reduction/ avoidance) according to the most relevant methodology. For more detailed information on the derivatives indicators and scopes 1-3, see guidance here.
Also known as absolute emissions; gross emissions.
GUIDANCE: To disaggregate types of greenhouse gas emissions, organizations are encouraged to report greenhouse gas emissions scopes, which allows for disaggregation by GHG Protocol Scopes 1-3.
When reported ex-ante, this metric is intended to estimate the expected amount of scope 1 and scope 2 greenhouse gases to be emitted annually when the project is completed and operating at the designed capacity.
When reported ex-post, this metric intends to express the actual amount of scope 1 and scope 2 GHG emitted during the reporting year.
The GHG accounting of a project is based on established methodologies for ex-ante GHG accounting including the greenhouse gas emission calculation approaches as per, inter alia, the GHG Protocol, the tools and methodologies of the IFI GHG Accounting Group, the Clean Development Mechanism methodology, Verified Carbon Standard, Gold Standard and the EU Emissions Trading Scheme, ISO 14064 (Part 1 and 2), or other international standards. For tools that may be helpful in calculating this and related metrics see GHG Protocol Calculators, CEET, IPCC emission factors.
The start and end of the reporting periods may differ, but they should cover one year. Generally estimated ex-ante for a representative year when a project is expected to be completed and operational at full capacity. This metric is calculated for a typical year of operation, not over the lifetime of the project.
NOTES (if applicable):
Carbon Pricing: Projects with gross GHG emissions (scope 1 + 2) over a certain threshold (e.g., 20,000 tCO2eq/y EIB; 25,000 tCO2eq/y IFC) gross GHG emissions are used to calculate the impact of social cost of carbon in the Economic Rate of Return (ERR). For more details see the EIB GHG Methodologies; MDB GHG Methodology
Related Tools and Links
International Financial Institutions Guideline for a Harmonized Approach to Greenhouse Gas Accounting
https: //unfccc.int/sites/default/files/resource/AHG-003_Guideline_on_GHG_Accounting_and_reporting_1Jun_.pdf
The EIB Carbon Footprint Exercise includes direct Investment Loans and large Framework Loan allocations that cross the significant emissions thresholds defined in section 5 of the EIB GHG Methodologies. Other intermediated lending is not currently included due to the limited information available to carry out a useful calculation for numerous sub-projects. (See footnote 2 of the Methodologies:
https: //www.eib.org/attachments/strategies/eib_project_carbon_footprint_methodologies_en.pdf
https: //unfccc.int/climate-action/sectoral-engagement/ifis-harmonization-of-standards-for-ghg-accounting/ifi-twg-list-of-methodologies
MDB GHG Methodology: (http://www.ebrd.com/2019-joint-report-on-mdbs-climate-finance;
https: //www.germanwatch.org/sites/default/files/Memo5%20-%20Reporting.%20MDB%20Paris%20alignment.pdf)
For tools to calculate when primary data is not available, the Joint Impact Model (www.jointimpactmodel.org) is a publicly accessible tool, which enables the reporting and assessment of systemic impact indicators such as jobs, value added, and greenhouse gas (GHG) emissions related to investments of financial institutions.
It includes Scope 1, 2 and 3 emissions as well as emissions of intermediary lending (via FI clients). It also allows for PCAF methodology for carbon accounting, which is the leading standard and already adopted by major banks such as HSBC, Black Rock, Deutsche Bank and others. It has been adopted as the tool to use by the Association of bilateral European Development Finance Institutions (EDFI) when primary data is not available.
For other tools that may be helpful in calculating this and related metrics see the GHG Protocol Calculators: (https://ghgprotocol.org/calculation-tools).
APPLICABILITY:
Real sector projects where a GHG claim is relevant; financial intermediaries and funds may use this metric when they collect GHG data from their clients. Various tools are available from different DFIs (e.g., CAFI - https://www.cafi.org/welcome, etc.).
Unit: Tonnes of CO2e/y
TA-12
GHG Emissions Sequestration
DEFINITION: Amount of CO2 sequestered during the reported period.
May be known as "CO2 Reduced", "Avoided /Sequestered.", "Carbon Removals (in line with PCAF standard)"., "Greenhouse Gas Emissions Sequestered".
GUIDANCE: This metric is intended to capture the total amount of CO2 sequestered during the reporting period. This metric can be used in with greenhouse gas emissions mitigation types to disaggregate the types of greenhouse gas emissions sequestered as relevant to the organization's activities. This metric refers to greenhouse gas emissions sequestered during the reporting period, not the lifetime of trees or forestland, for example.
Calculating greenhouse gas emissions sequestration is a technical process that requires standardized and precise methodological guidance. Organizations should refer to at least one of the following standards when calculating this metric: Verified Carbon Standard, Gold Standard, American Carbon Registry, AFOLU Carbon Calculator, Climate Action Reserve Standard, and Plan Vivo Standard. For tools that may be helpful in calculating this and related metrics, see GHG Protocol Calculators.
May be reported once before project begins, then annually. May also be measured Ex-post. Should be reported separately from absolute emissions.
NOTES:
Related Tools and Links
International Financial Institutions Guideline for a Harmonized Approach to Greenhouse Gas Accounting:
https: //unfccc.int/sites/default/files/resource/AHG-003_Guideline_on_GHG_Accounting_and_reporting_1Jun_.pdf.
Greenhouse Gas Emissions Mitigation Types (OI9839): (https://iris.thegiin.org/metric/5.1/oi9839/).
Greenhouse Gas Emissions Sequestered" (PI9878): (https://iris.thegiin.org/metric/5.1/pi9878/) .
Upcoming FRESCOS tool: (https://app.frescos.earth/) to calculate sequestration, developed together with other European DFIs. And PCAF Global Standard.
For tools that may be helpful in calculating this and related metrics, also see GHG Protocol Calculators: (https://ghgprotocol.org/calculation-tools).
Verified Carbon Standard: (https://en.wikipedia.org/wiki/Verified_Carbon_Standard; https://verra.org/project/vcs-program/; http://www.v-c-s.org/).
Gold Standard: (https://www.goldstandard.org/).
American Carbon Registry: (https://americancarbonregistry.org/carbon-accounting/standards-methodologies).
AFOLU Carbon Calculator: (http://afolucarbon.org/).
Climate Action Reserve Standard: (https://www.offsetguide.org/understanding-carbon-offsets/carbon-offset-programs/voluntary-offset-programs/climate-action-reserve/).
Plan Vivo Standard: (https://www.offsetguide.org/understanding-carbon-offsets/carbon-offset-programs/voluntary-offset-programs/plan-vivo-system/).
GHG Protocol Calculators: (https://ghgprotocol.org/calculation-tools).
For more on the alignment of IRIS metrics to the five dimensions of impact, see IRIS+ and the Five Dimensions of Impact: https://iris.thegiin.org/document/iris-and-the-five-dimensions/.
APPLICABILITY: Real sector projects where relevant; financial intermediaries and funds may use this metric when they collect data from their clients. For FIs, various tools are available from different DFIs (e.g., CAFI - https://www.cafi.org/welcome, etc.)
Unit: Tonnes of CO2/y (per year)
TA-13
Water Consumption
DEFINITION: Amount of water consumed during the reporting period, measured in cubic meters. This may include water that has been sourced from surface or groundwater resources and is either evaporated, incorporated into a product or taken from one body of water and returned to another, or returned at a different time. Water consumption could be reported annually or daily and can be used to measure reduction in water losses, water consumption of economic activities, and/or as an input to calculate water resource efficiency compared against different industry standards (e.g. per unit of output).
Unit: m3(water)
TA-14
Wastewater Treatment
DEFINITION: Amount of wastewater treated to appropriate standards during the reporting period, measured in cubic meters. May also include the amount of untreated wastewater discharges avoided.
Unit: m3(wastewater)
TA-15
Energy Consumption
DEFINITION: Energy consumption measured in kilowatt-hours or megajoules of energy consumed during the reporting period. Distinguishing heat and electricity consumption is recommended. This indicator may be used to measure performance (e.g. kWh/m2 for a green building) or could be an absolute measure (e.g. before and after comparison).
Unit: kWh or MJ(energy)
TA-16
Land Use
DEFINITION: Hectares of land used during the reporting period. May be used to assess land use efficiency (e.g. MW/ha for reservoirs, i.e. megawatts of power produced per hectare of land used for water storage).
Unit: # ha(land)
TA-17
Sustainable Management of Natural Resources
DEFINITION: Hectares of land covered by sustainable land management practices, verified as being sustainable managed according to internationally recognized standards. Sustainable management of living natural resources includes both biodiversity and environmental services. Proxys of certification through an independent audit and verification process may be used to determine sustainable use. Distinct methodologies may need to be used for forestry, farmland, etc.
Unit: # ha(land meeting standards and/or certified)
[GROUP] COMMUNITY CONTRIBUTIONS AND PAYMENTS
TA-18
Community Development Contributions
DEFINITION: Amount of money spent by the client towards activities that benefit local communities during the reporting period.
RATIONALE: This indicator captures the breadth of development effects that IFIs desire to measure and is easily reportable by clients. It yields data that IFIs may use for further analysis on client contributions as they deem fit, including possibilities for referencing contributions for community benefit against total project cost, turnover, profit or total number of beneficiaries. However, establishing a threshold may be challenging since the level of contributions may vary by country, sector and the relevant market in which an IFI client operates. Non-financial contributions of the client are not captured by the indicator due to IFI challenges in ensuring all clients use the same approach to monetize their contributions to local communities.
Unit: # currency
TA-19
Payment to Gov’t
DEFINITION: All transfers to the government made by client company over the reporting period. At a minimum, this includes payments to the government in the form of corporate income or profit taxes. Additional forms of transfer to be reported as appropriate include (i) sales taxes, (ii) net VAT, (iii) royalties, (iv) dividends and related taxes, (v) management and/or concession fees, (vi) license fees, (vii) tax on payment of interest, and (viii) other material payments net of any direct subsidies received.
Unit: # currency
Transportation
TR-01
Number of Passengers Using the Transport Infrastructure
DEFINITION: Number of passengers using a transportation service/infrastructure (roads, railway, airport, ports, etc.), during the reporting period.
Unit: # passengers
TR-02
Daily Traffic
DEFINITION: Daily traffic measured in terms of vehicles, trains, flights, etc. per year (or other relevant time period).
Guidance: The utilization level may also be expressed for varying time periods (utilization per day, month, etc.).
Unit: # traffic units/year
TR-03
Available infrastructure for non-motorized traffic (km)
DEFINITION: Length of Infrastructure incorporating and/or dedicated for non-motorized forms of transport (for example cycling paths/lanes).
Unit: # km
TR-04
Toll Price
DEFINITION: Annual average toll price per km for heavy / light vehicles during the reporting period.
Unit: # currency/km
TR-05
Freight tariff
DEFINITION: Tariff per ton of freight hauled during the reporting period.
Guidance: This can be expressed as average during the reporting period or value at a specific date (for example last day of the reporting period). Sub sector should be specified either road, air, maritime, etc., and there should not be any aggregation across sectors.
Unit: # currency/ton
TR-06
Containers Handled
DEFINITION: Number of twenty-foot equivalent units of cargo containers transported /handled through the road/railway/port/airport during the reporting period.
Unit: #
TR-07
Bulk Cargo Handled
DEFINITION: Number of tons of bulk cargo transported / handled through the road/railway/port/airport during the reporting period.
Unit: # tons
TR-08
Berth moves per hour
DEFINITION: Number of Berth moves per hour during the reporting period.
Unit # berth moves/hour
TR-09
Turnaround time
DEFINITION: Average vehicle, aircraft, or ship turnaround time during the reporting period.
Unit: # hours
Water, Waste & Sanitation
WA-01
Number of connections to water services
DEFINITION: Number of connections to water services during the reporting period.
Guidance: New connections can be obtained by subtracting the previous number of connections from the value at the end of the current reporting period. This metric can be disaggregated by user type for example, (i) underserved - a group of individuals that are inadequately served by the current market [demographic area, gender, youth etc.], and (ii) residential / non-residential.
Unit: # connections
WA-02
Number of connections to wastewater services
DEFINITION: Number of new residential connections resulting from the project - if relevant including to underserved groups e.g. low income, previously excluded, rural populations (households) receiving water distribution services in a given year.
Unit: # connections
WA-03
Period of water supply
DEFINITION: Number of hours of water supply per day from the project.
Unit: # hours/day
WA-04
Water Pressure
DEFINITION: Water pressure measured by the time it takes to fill a liter of water.
Guidance: This metric is measured as a comparison of the water pressure before and after project implementation.
Unit: # hours/day
WA-05
Non-revenue water (%) (commercial loss)
DEFINITION: Percentage of water effectively delivered by the supplier/ distribution company but not paid for by the end users. (water paid for by consumer / water delivered to consumer).
Unit: %
WA-06
Non-revenue water (%) (technical loss)
DEFINITION: Percentage of physical water losses during transmission and distribution.
Guidance: This metric captures the difference between the amount of water supplied and the amount of water delivered to the end users.
Unit: %