H-01

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: ton/hectare

H-02

Value of export sales of the product or service over the reporting period.

Units: # currency

H-03

Number of farmers that are linked to the client company as suppliers, buyers, contractors or farming employees during the reporting period.

Units: #

H-04

Unit count (as applicable) and gross value of sales over the reporting period.

Units: # & # currency

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

Number of full-time equivalent construction workers employed for the construction of the company or project’s hard assets during the reporting period. Part-time jobs for construction 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; 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.
Note: employment for the client company’s operations and maintenance is not to be included in this indicator. For such jobs, please use the indicator Direct Employment – Operations and Maintenance.

Units: #FTE

Number of full-time equivalent employees as per local definition working for the client company or project at the end of the reporting period. This includes directly hired individuals and individuals hired through third party agencies as long as those individuals provide on-site services related to the operations of the client company. Also, this includes full-time equivalent worked by seasonal, contractual and part time employees. 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.
Note: employment for the purpose of the construction of the client company’s hard assets is not to be included in this indicator. For such jobs, please use the indicator Direct Employment – Construction Phase.

Units: # FTE

1. GHG Emissions:

   Amount of GHG emissions emitted during the reporting period, measured in tons. Project-level emissions information provided by client can be used to calculate derivative indicators (e.g. emissions savings/reduction/avoidance) according to the most relevant methodology. Measurement: t (CO2e)

2. GHG Emissions Sequestration:

   Amount of GHG emissions sequestered during the reported period, measured in tons. Measurement: t (CO2e)

3. Energy Consumption:

   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). Measurement: kWh or MJ (energy)

4. Water Consumption:

   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). Measurement: m3 (water)

5. Wastewater Treatment:

   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. Measurement: m3 (wastewater)

6. Land Use:

   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). Measurement: ha (land)

7. Sustainable Management of Natural Resources:

   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. Measurement: ha (land meeting standards and/or certified)

Indicators to come

1. Number of Women in Senior Management:

   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 Compliance Officer – CCO; Chief Legal Counsel – CLC, etc. Within different corporations, they can also sometimes be referred to as executive management, top management, or upper management.  Measurement: #

2. Number of Women on the Board:

   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. Measurement: #

3. Number of Investment Committee Members who are Female:

   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. Measurement: #

4. Number of Female Founded Enterprises:

   Number of enterprises in which half or more of the founders are female.  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. Measurement: #

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.

Units: # currency

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: #

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. Measurement: #

Definition: Residential connections x (Average household size or Household multiplier)

Rationale: This indicator measures the number of people that could potentially benefit from the distribution of the IFI intervention. Data for 'residential connections' can be obtained from the client while data for ‘average household size’ varies by country and can be obtained from UN Demographic Yearbook data, which provides population size and total number of households for each country. If such data is not available, IFIs may instead use IFC’s ‘household multiplier’, which is standardized across countries. The conversion methodology may have the potential to be equally applicable to other sectors such as gas or water sector.

Definition: Average (simple mean) initial tenor (in months) of all outstanding loans in the applicable portfolio at the time of measurement.

Rationale: This indicator provides specificity around length and nature of portfolio.

Unit: Months

Number & amount of outstanding housing loans in a client company portfolio at the end of the reporting period. Housing loans include all mortgage instruments issued for the purchase or re-financing of housing, housing construction loans and home improvement loans where the housing serves as the collateral to which the financing relates.

Units: # & # currency

Number & amount of outstanding microfinance loans (as defined by each IFI) in client company portfolio at the end of the reporting period.

Units: # & # currency

Note: An ongoing and separate study to determine global best practices for defining Microenterprises and SMEs is being undertaken by the Microfinance Exchange (MIX). Until a final recommendation arises from this ongoing study, the harmonization work recommends that the definition of Microenterprises and SMEs be left up to the IFI undertaking results tracking. This applies to both indicators for Microenterprise Loans and SME Loans.

Number of patient consultations provided by the client company during the reporting period. Measurement: #

Number of female patient consultations provided by the client company during the reporting period. Measurement: #

Number of residential dwellings (≥1 family per unit) refurbished by the client company at the end of the reporting period.

Units: #

Number of new residential dwellings (≥1 family per unit) constructed by the client company at the end of the reporting period.

Units: #

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.

Units: # currency

Value of export sales of the product or service over the reporting period.

Units: # currency

Unit count (as applicable) and gross value of sales over the reporting period.

Units: # & # currency

Number of fixed data subscriptions (ADSL, Broadband, Fibre, etc.) at the end of the reporting period. Includes both post-pay and pre-pay subscriptions.

Units: #

Number of fixed voice (telephone) subscriptions at the end of the reporting period. Includes both post-pay and pre-pay subscriptions.

Units: #

Number of mobile subscriptions (GSM, CDMA, BGAN, VSAT, EDGE, UMTS, WiMax, 3G, 4G, LTE, etc.) including voice and/or data at the end of the reporting period. Includes both post-pay and pre-pay subscriptions.

Units: #

Number of full-time equivalent construction workers employed for the construction of the investor’s client company orproject’s hard assets during the reporting period. Part-time jobs for construction 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; 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.
Note: employment for the operations and maintenance of an investor’s client company is not to be included in this indicator. For such jobs, please use the indicator Direct Employment – Operations and Maintenance.

Units: #

Number of full-time equivalent employees as per local definition working for the investor’s client company or project at the end of the reporting period. This includes directly hired individuals and individuals hired through third party agencies as long as those individuals provide on-site services related to the operations of the client company. Also, this includes full-time equivalent worked by seasonal, contractual and part time employees. 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.
Note: employment for the purpose of the construction of the hard assets of an investor’s client company is not to be included in this indicator. For such jobs, please use the indicator Investee Direct Employment – Construction Phase.

Units: #

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.

Rationale: 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

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

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

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

Definition: Annual total vehicles using road / 365 days

Rationale: This indicator captures a straightforward measurement of use of IFI investments, expressed as total number of vehicles using a road, and is reported annually. This utilization level may also be expressed for varying time periods (utilization per day, month, etc.). Utilization level of a road, particularly over time, serves as a proxy for the qualitative contribution of new transportation infrastructure to economic activity.

Unit: Number

Tonnes of bulk cargo transported through the road/railway/port/airport over the last reporting period.

Units: # tonnes

Twenty foot equivalent units of cargo containers transported through the road/railway/port/airport over the last reporting period.

Units: # TEUs

Passengers using transportation service over the reporting period.

Units: #

Amount of waste disposed over the reporting period.

Units: # t

Volume of wastewater treated over the reporting period.

Units: # m³

Volume of potable water produced during the reporting period

Units: # m³

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.