We often quip that standards are communities, not documents. To live up to this community-driven mandate, we ask the users of our standards and the broader public for feedback on existing and proposed draft updates to the standards.
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.
Common Approach is thrilled to be receiving a grant from The Tipping Point Fund on Impact Investing! This recognition of Common Approach’s role in improving data, metrics and measurement will support our continued work in developing and promoting impact measurement standards that support flexible, sharable data.