THEMATIC AREA


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 enterprise. 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 clients, where applicable. Practitioners may also use this metric for Investees of Investment Funds, where applicable, but it may be difficult to apply to beneficiaries of other intermediated structures, such as onlending through financial intermediaries (e.g. commercial banks).

Unit: #

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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 enterprise. 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 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 Investees of Debt and Equity Fund clients

Applicability: Financial Intermediary client or a General Partner of a Debt or Equity Fund client

Unit: #

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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 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 Investees of Debt and Equity Fund clients

Applicability: Financial Intermediary client or a General Partner of a Debt or Equity Fund client.

Unit: #

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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 Investees of Debt and Equity Fund clients

Unit: #

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GENDER -- 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 clients, where applicable. Practitioners may also use this metric for Investees of Investment Funds, where applicable, but it may be difficult to apply to beneficiaries of other intermediated structures, such as onlending through financial intermediaries (e.g. commercial banks).

Unit: # FTEs

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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 clients, where applicable. Practitioners may also use this metric for Investees of Investment Funds, where applicable, but it may be difficult to apply to beneficiaries of other intermediated structures, such as onlending through financial intermediaries (e.g. commercial banks).

Unit: # FTEs

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TA-07

Direct Employment -- Construction Phase

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

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TA-08

Direct Employment -- Operations and Maintenance

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

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TA-09

Direct Jobs Created by the Investment (Operations and Maintenance)

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

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ENVIRONMENT AND CLIMATE

TA-10

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.

Unit: t(CO2e)

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TA-11

GHG Emissions Sequestration

Amount of GHG emissions sequestered during the reported period, measured in tons.

Unit: t(CO2e)

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TA-12

Water 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).

Unit: m3(water)

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TA-13

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.

Unit: m3(wastewater)

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TA-14

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).

Unit: kWh or MJ(energy)

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TA-15

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).

Unit: # ha(land)

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TA-16

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.

Unit: # ha(land meeting standards and/or certified)

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COMMUNITY CONTRIBUTIONS AND PAYMENTS

TA-17

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

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TA-18

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

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