The session explores an initiative north of the border to develop Impact Measurement and Management (IMM) practices to measure and aggregate the impact of the Government of Canada’s pan-national Social Finance Fund (SFF). This workshop delves into the approach of Rally Assets, via its joint venture Realize Capital Partners, one of Canada’s three fund-of-funds managers under the SFF, through a partnership with Common Approach to Impact Measurement and Impact Frontiers to build the architecture, know-how and capacity needed across the sector to truly ‘scale’ IMM in a way that meets the unique needs of social purpose organizations (ventures), social finance intermediaries (fund managers) and investors (private and government).
The IMM methodology in question adopts the Common Approach’s ‘Common Framework’, which provides a way to aggregate dissimilar indicators used by social purpose organizations, allowing each organization to choose the indicators they find most meaningful. This approach enables asset managers to enhance their impact reporting and respond to emerging standards and norms, such as Impact Frontiers’ Impact Performance Reporting Norms. Through aggregating impact without imposing metrics on investees, Impact Investors can reduce the reporting burden on SPOs and enabling the collection of data that is more relevant to their unique contexts. Common Approach, Rally Assets and Impact Frontiers, will discuss a case study to showcase how the Common Framework can help impact investors leverage global IMM standards. We will facilitate a workshop session so that attendees can learn how to apply this this approach to their local context and prepare for emerging impact reporting trends, including Impact Frontier’s Impact Performance Reporting Norms. Join Common Approach, Rally Assets, and Impact Frontiers in exploring how these practices can lead to more meaningful, verifiable impact investments and contribute to systemic change.
