These are listed in the Approach to Social Impact Summary, which can be used as guidance to help you answer the questions. Please explain how the venture’s activities will lead to the ultimate desired outcomes.
Select one to two social impact metrics that are closely aligned with your mission and represent at a high level what impact you are trying to achieve. Then you may select a handful of sub-metrics, preferably from IRIS, as you feel appropriate to achieve any of the following four purposes:
Please note that while IRIS metrics are increasingly the industry standard and we recommend utilizing them wherever possible, these metrics may not meet the needs for every business model. If you are not able to find IRIS metrics that meet your needs, it is more important to choose metrics that are reflective of your business model than to use IRIS.
Please note that Questions 2 and 3 may influence one another. As you are thinking through your collection and tracking strategy, you may realize that certain metrics are less pragmatic to collect and it may lead you to revise Question 2 to ensure you’re only including metrics that require data that is reasonable to capture.