Our Impact Measurement & Management Insights

Impact Measurement and Management (IMM) is the ongoing practice of measuring and improving our impact, so that we can reduce the negative and maximize the positive. Want to learn more about Impact Measurement & Management? Check out our resources below:

Calvert Impact Capital's resources

Operating Principles for Impact Management

The Principles created a market standard by which all signatories must measure, monitor, verify, and disclosure their impact. Learn more about the Principles on our blog, read our Impact Disclosure Statement above, and check out this short video on how our practices align with Principle #4: Assess the expected impact of each investment, based on a systematic approach.

To hear more about how the Principles have improved impact management practice, opened up opportunities for impact investing to scale, and provided the necessary impact infrastructure for investors to respond to the COVID-19 pandemic with integrity, watch a recording of the panel moderated by our CEO Jenn Pryce, with representatives from the Impact Principles, the GIIN, FMO, Nuveen, and BlueOrchard.

For more information on how Calvert Impact Capital approaches Principle #7: Conduct exits considering the effect on sustained impact, check out the Impact Principles Webinar on Responsible Exits, which features a panel including our Senior Officer of Impact & Communications, Caitlin Rosser. 

For more information on Principle #9, watch the recording of the virtual event hosted by Tideline and The Rockefeller Foundation, Impact Investing's Next Chapter: Integrity Through Assurance. Tideline led an engaging discussion on why impact verification is key to scaling the market with integrity, with panelists including Calvert Impact Capital's in-house IMM expert Caitlin Rosser.

Impact Frontiers Collaboration

Our participation in the Impact Frontiers Collaboration, a learning cohort with 13 other impact investors dedicated to advancing their impact management practices in a way that is fully integrated with financial risk and return:

• "How investors can integrate impact with financial management, in SSIR," blog on our website, announcing the first article released by the Collaboration and outlines the approach to impact-financial integration.
• Handbook for Impact Investors, which details the impact-financial integration framework that was developed and implemented with the collaboration of 13 investors, features case studies from the investors, and serves as a "how-to" guide to developing an impact due diligence rating system.
• Webinar with the Impact Management Project, introducing the approach and offering Calvert Impact Capital's impact rating system as an example.
• Impact Frontiers Collaboration page on the Impact Management Project, which is the home of the collaboration.

Internal Reports and Impact Insights

These quarterly and annual updates provide up-to-date details on the impact of our capital on our borrowers and on the ground, in the communities our borrowers serve.

Bi-annual Investor Survey - The results from our bi-annual survey of investors, financial advisors, and key industry stakeholders, which provide key insights into retail impact investors' perceptions and motivations to invest for impact.

Portfolio List and Impact Map - provide additional detail on our entire portfolio holdings and geographic exposure of the portfolio.

Impact Success Stories - these case studies of our former portfolio partners provide insights into the value our capital has had to our borrowers, as well as the impact our capital has had in global communities.

Interview with our in-house IMM expert, Caitlin Rosser, on her journey to impact management.

External resources

• GIIN's IRIS+ system is the generally accepted system for measuring, managing, and optimizing impact. IRIS+ makes it easier for investors to translate their impact intentions into impact results by offering an interactive method of connecting strategy to impact metrics.
• The Impact Management Project's (IMP) 5 dimensions are the generally accepted norms for categorizing the dimensions of impact.
• IRIS+ and the Five Dimensions of Impact outlines how the IRIS+ system and the 5 dimensions can be used together along with the IRIS+ Core Metrics Sets and full IRIS Catalogue of metrics.
• Impact Due Diligence resources from Pacific Community Ventures, research that features shared impact due diligence approaches employed by leading impact investors.
• Operating Principles for Impact Management Signatory Reporting, which captures each of the 100+ signatories' annual impact management disclosure statements and verifier's statements.
• ANDE Metrics to support the Small and Growing Business (SGB) sector and IMM in the Context of COVID-19.

For further reading

• GIIN's The State of Impact Measurement and Management Practice, Second Edition
• 'Operating Principles' help investors hold asset managers accountable - ImpactAlpha
• Creating Impact: The Promise of Impact Investing, a comprehensive assessment of the potential global market for impact investing, released by the International Finance Corporation (IFC). The report marked the launch of the Operating Principles for Impact Management, offers an outline of impact management approaches, and served as a call to action for investors to sign on to the Principles and take a stand for robust impact management.
• Growing Impact: New Insights into the Practice of Impact Investing offers a follow-up by the IFC on recent trends in impact investing, survey results of investor practices, and 32 case stories from signatories to the Principles on how they are implementing them.