More than Measurement: A Practitioner’s Journey to Impact Management
More than Measurement is a new report by Bridges Impact+ and Skopos Impact Fund.
It describes our development of an ‘impact management’ approach – which we define as the management of assets in order to meet explicit impact goals (alongside financial goals).
This paper has catalysed a global effort to develop a shared convention for describing impact goals, in a way that can inform portfolio construction.
In traditional asset management, we have developed a shared convention (risk, return, liquidity – and asset classes, as a shorthand) to describe, align and manage against our respective financial goals. However, the same is not yet true within impact investment.
Over the last decade, there has been an industry push to improve impact measurement. Better measurement is essential, but we found it is most meaningful when you have spent time thinking about what success looks like from the start.
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We are sharing this candid summary in order to encourage openness and an exchange of ideas.
We welcome feedback, as we look to provide some concrete next steps to the practitioners’ journey we present in this report.