IRIS is the catalog of generally-accepted performance metrics that leading impact investors use to measure social, environmental, and financial success, evaluate deals, and grow the credibility of the impact investing industry.
The IRIS catalog pulls together the most useful metrics from across the impact investing industry and puts them in one place which makes it easier to create an informed performance measurement system and reduce mistakes that could affect your credibility. Using IRIS metrics also makes it easier to compare your performance with others and communicate your results to the entire industry. If you are interested in tracking your performance results, the IRIS catalog is your resource for selecting social, environmental, and financial metrics.
To get started with IRIS, users can review the recently published Getting Started with IRIS guide, or access other impact measurement research and resources, such as use cases with details about how different organizations have integrated IRIS metrics into their impact measurement practices. The IRIS user registry acknowledges organizations that are currently using IRIS metrics as part of their performance measurement practices. The user registry also highlights these examples of IRIS use to provide a resource for the growing community of organizations interested in utilizing IRIS.
(1) Organization: KL Felicitas Foundation – http://klfelicitasfoundation.org/
Background: The KL Felicitas Foundation was created in 2000 by Charly and Lisa Kleissner. Its mission is to enable social entrepreneurs and enterprises worldwide to develop and grow sustainably, with an emphasis on rural communities and families.
Quotes: ÛÏBecause comparability was a key goal for the Kleissners, they knew that they needed a common set of core performance indicatorsÛÓwhich they chose from the IRIS metrics libraryÛÓto apply to every investment.Û
ÛÏIn many cases, data already collected by these enterprises
translated fairly easily into an IRIS-compatible indicator.Û
(2) Organization: Inter-American Development BankÛªs Opportunities for the Majority Initiative -http://www.iadb.org/en/topics/opportunities-for-the-majority/idb-opportunities-for-the-majority-serving-the-base-of-the-pyramid-in-latin-america,1377.html
Background: The Opportunities for the Majority (OMJ) initiative within the Inter-American Development Bank (IDB Group) supports impact investments that are market based, commercially viable, replicable, and scalable. It seeks to generate social and economic benefits for the base of the pyramid (BoP) across Latin America and the Caribbean. The IDB Group aims to catalyze additional capital into projects that advance long-term economic development in the region.
Quotes: ÛÏRather than creating new metrics for each investment or grant project, OMJ draws from pre-defined IRIS metrics that are consistent with existing best practices and impact investing industry standardsÛ
A series of IRIS user case studies are available on the IRIS website at http://iris.thegiin.org/users
- IDB-Opportunities for the Majority
- The Ford Foundation - PRI Fund
- Community Capital Management, Inc. (CCM)
- Root Capital
- Credit Suisse