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Impact Management 101

What is it, why is it needed,

 and where to start?

  • 12 October 2023

Previous Tech Talks have discussed the emerging wave of international and jurisdictional standards, requiring businesses to disclose their sustainability-related impacts, risks and opportunities. This, combined with the evident need to address a multitude of complex global challenges, have brought into sharp focus the need for all businesses to, at the very least, operate sustainably.

 

Despite the increased attention towards achieving sustainability targets such as the SDGs and Net Zero, progress remains insufficiently slow. All the while, businesses are facing mounting pressure to meet those targets. To move with the tide, businesses must integrate a consideration of impacts on people and the natural environment across their strategy, governance and management practices. In turn, good impact management practice also prepares an organisation for sustainability-related disclosures.

 

This is where impact management becomes crucial. Impact management provides the means to operating sustainability and/or contributing to solutions, and is also the most robust way of managing sustainability-related risks and opportunities. 

 

But, what does impact management entail and how can organisations effectively adopt it? A group of 19 international organisations providing impact management standards and guidance have been working together to answer exactly that. Their collective mission: to mainstream impact management. 

 

In this 60-minute presentation and panel discussion, representatives of some of these partnering organisations will discuss both the relevance and meaning of impact management.

Intended audience

  • CEOs, CFOs and executive management
  • Sustainability, ESG and impact management practitioners
  • Risk and audit professionals

What you will learn

  • What impact management is and how it differs from other sustainability-related practices
  • Why impact management is relevant to all types of organisations
  • What can be done today to manage impact

Session objectives:

  • Explain why impact management is a fundamental imperative, no matter the purpose, vision or strategy of the organisation
  • Practically demonstrate how organisations can start managing their impacts
  • Raise awareness of the existing efforts to clarify what impact management is and improve the interoperability of existing resources

Supporting information:

Hosted by:

PeadarDuffyPic Square

Kindly sponsored by:

Guest Speakers:

Vincent Siegerink
Belissa Rojas
Jo Fackler

The ESG Exchange is an initiative of the Good Governance Academy

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Peadar Duffy

Global ESG Practice Lead at Archer Integrated Risk Management

Chair of the Technical Committee

Peadar Duffy is Archer’s Global ESG Practice Lead, and is responsible for leveraging his thought leadership in the organizational risk and governance domains to provide strategic direction and collaboration across Archer’s internal and external partners in the design and development of Archer’s ESG solutions. 


He currently represents Ireland on the ISO technical committees for Risk Management (TC 262) and the Governance of Organisations (TC 309) where he is involved in the development and revision of various guidelines, reports and technical specifications.


Most recently Mr. Duffy had been involved with other international experts in the development of the first global governance guideline which emphasizes organizational purpose and other ESG-sustainability principles underpinning performance and long-term viability. Mr. Duffy began his 25-year career in risk management spanning multiple industry sectors in Ireland, the US and Middle East following 15 years in the Irish military.

Vincent Siegerink

Economist / Policy Analyst at the Well-Being, Inclusion, Sustainability and Equal Opportunity (WISE) Centre at OECD

Vincent is an Economist/Policy Analyst in the OECD WISE (Well-Being, Inclusion, Sustainability and Equal Opportunity) Centre.

 

Vincent has a background in statistics and the measurement of well-being and progress, and the applications of such measures in public policy. He is currently responsible for the WISE Centre’s work on the measurement of the non-financial performance of firms. In this capacity, he works to align official statistics of stakeholder well-being with business measures of their own non-financial performance, and contributes to the Impact Management Platform (IMP), including by providing technical support to its agendas on interoperability and research and development.

 

Vincent also supports the OECD’s contributions to the Business 4 Inclusive Growth (B4IG) Coalition and other business groups. He was also previously an advisor in the Office of the Secretary General of the OECD. He has a bachelor’s degree in economics from Macalester College and a master’s degree in Public Policy and Economics from Sciences Po Paris.

Belissa Rojas

Impact Measurement and Management Advisor, UNDP

Founder and CEO of Impacto

As Impacto’s founder and CEO, Belissa provides leadership in the growth, outreach, and partnerships of Impacto. She focuses primarely on strategic planning, general management, sustainability, and impact measurement and management. She has over 15 years of experience in the development sector, advising private-sector companies, impact investors, development banks, and foundations on how to professionalize their management and measurement practices.

 

Belissa currently works as an advisor to several investors on how to measure and manage their impact. She is working with IDB Lab on the design of an ESG & impact measurement and management (IMM) platform for early-stage ventures with the potential to generate impact on a large scale. She is an advisor to the Impact Management Project’s Impact Frontiers, co-leading an initiative to support venture capital funds in the adoption and continuous improvement of their IMM practices. She is also leading an initiative with On Think Tanks (OTT) and International Development Research Centre (IDRC) to bring cross-sector knowledge, policy, and economic expertise from local think tanks to the impact investing industry in Latin America and Africa.

 

Previously, Belissa was a Strategy & Monitoring Senior Specialist at IDB Invest, where she led the design and implementation of IDB Invest’s Impact Management Framework post due diligence and was responsible for the impact oversight of its operations—investments and loans. She was responsible for overseeing and leading the reporting of a portfolio of +250 operations valued at approx. US$11 billion. While at IDB Invest, she also led the design and launch of the Impact Lessons Learned site, which included an evaluation of IDB Invest’s entire portfolio, independent verification of all final evaluations, and identification of best practices. She won two corporate awards for her contributions in strengthening IDB Invest’s Impact Management Framework.

 

Prior to this work, Belissa was the Counselor for Peru and Chile at the Board of Executive Directors of the IDB Group. As a former consultant for Emerging Markets Group (formerly Deloitte Emerging Markets) and the World Bank, Belissa also acquired extensive experience in evaluating public sector operations and corporate projects. Belissa started her career working in the Ministry of Finance of Peru and the Peruvian Regulatory Agency for Banks, Insurance and Pensions.

Jo Fackler

Platform Manager of the Impact Management platform (IMP)

Member of the Advisory Committee

Jo Fackler is the Platform Manager for the Impact Management Platform, a collaboration between the leading providers of international standards, frameworks and guidance for managing impact. Drawing from her experience in engagement, operations and communications, Jo works alongside the Platform’s Facilitation Team to ensure the smooth running of the initiative. 


The Platform represents the next phase of a collaboration that was formerly facilitated by the Impact Management Project, where Jo worked for three years as its Engagement Lead. She previously worked in communications and project management for LGT Impact and Berenberg’s private banking division. 


Jo holds an MA in Globalisation, Business and Development at the Institute of Development Studies and a BA in French at the University of Leeds.

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