Common Impact Data Standard, Version 3.2
Version 3.2 of the Common Impact Data Standard brings important improvements to how impact data is organized and checked for accuracy.
Version 3.2 of the Common Impact Data Standard brings important improvements to how impact data is organized and checked for accuracy.
Common Approach has released version 3.1 of the Common Impact Data Standard. This is a minor update; changes do not affect any features or functionality in aligned software or data utilities that use the standard.
Understanding the impact of impact investments is a challenge for asset managers. An impact data ontology is a crucial part of the digital infrastructure that will be needed to improve impact measurement in the years ahead.
We came into the Pathfinder Pilot understanding that social purpose organizations frequently face challenges with the software they use for impact measurement and reporting. We would like to share what we are learning about how SPOs wish to use software to support their impact measurement practices and the attributes that make software most useful to them.
The book Social Sector Hero, written by the CEO of Clear Impact, provides some great examples and arguments for flexible, shareable social purpose organization centered impact data. Learn more and download a free copy.
On May 29, 2023, the Government of Canada announced the Social Finance Fund. Common Approach will be working with the Social Finance Fund investment managers and social purpose organizations to support the Fund’s impact measurement approach over the first 10 years of the 16-year project.