June 29, 2021 -- Knowledge Sharing Webinar

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Connecting with Signatories to the Impact Principles

Virtual Meeting

CONTEXT

  • Background:

During the various Operating Principles for Impact Measurement workshops held since the launch in 2019s, a number of private sector Signatories expressed a desire to leverage the two complementary sets of metrics, HIPSO and IRIS+ for the implementation of the Impact Principles and other impact management initiatives.

The HIPSO members worked closely with the GIIN to develop a common minimum yet robust set of indicators in the areas of gender, jobs, and environment and climate, and are targeting other sectors, for example financial inclusion and infrastructure.

To this effect, in order to facilitate and develop metrics that are fit for purpose, with their relevant guidance, the HIPSO Steering Group established Work Streams comprised of thematic area experts and practitioners in early 2020. The current work streams include: (i) thematic areas: environment and social; gender; and jobs; (ii) sector/sub-sector focus: infrastructure services; and financial intermediation; and (iii) the Sustainable Development Goals (SDGs).

The rigorous metric development exercise by HIPSO members in the HIPSO Work Streams, culminated into the Joint Impact Indicators (JII) and their publication in March this year. Guidance notes around the applicability/usability of the metrics have also been drafted, to ensure a good level of alignment in the application of the JII by the users. The JII are housed in IRIS+ and HIPSO website, and are managed by HIPSO and the GIIN.

Beyond the JII, HIPSO Work Streams have developed and continue to develop metrics at the thematic and sector levels that could be leveraged by the Impact Principles’ Signatories and the broader impact investing market.

These work streams have also become a valuable platform for collaboration on knowledge sharing on topical issues amongst DFIs, GIIN and Impact Principles’ Signatories, and other private sector players.

  • Objective of the meeting:
  • Establishing robust linkages with the Signatories from the private sector and exploring ways for further collaboration on impact measurement metrics and standards.
  • Engage and exchange knowledge with private sector Signatories to the Impact Principles on the guidance and applicability of the metrics selected for the JII.
  • Sharing an overview of other sector metrics that are currently being developed such as in areas like financial intermediation.
  • Share the thinking on the additional metrics related to the current JII, for example, around job quality.