Asian Impact Management Review is an affiliate of Asian Institute for Impact Measurement and Management
Summer 2023
Our Summer ’23 Asian Impact Management Review spotlights transparency in impact evaluation. Amidst global environmental concerns, Roger Tseng’s cover story underlines the importance of science-backed governance in impact assessments. With social investing on the rise, our regional report underscores the critical role of fintech startups in fostering transparency while battling greenwashing. Alessia Falsarone’s enlightening book review brings to light a novel toolkit for defining impact targets. Ben Carpenter’s insights redefine holistic value measurement and decision-making. Serving as your knowledge guide, this issue inspires effective strategies for an equitable world.
Cover Story
How Taxonomy of Sustainable Finance and Environmental Impact Assessment May Contribute to Impact Measurement and Management?
Environmental issues typically involve various objective scientific studies. Practitioners may need to recognize the importance of science-based governance and embrace the core principles of pursuing human health and well-being when conducting environmental impact assessment.
Organizational Report
Building Bridges for Impact: Nurturing Taiwan’s Ecosystem for Impact Investing
The future involves fostering partnerships and collaborations to address social and environmental challenges.
Regional Report
The Role of Social Investing and How to Ensure Its Success
Social investing, merging financial returns with social impact, is growing rapidly. Fintech startups provide credible impact measurement tools, fostering transparency. However, greenwashing poses a challenge, necessitating comprehensive impact data.
Case Study
Combining Impact Measurement and Management: A Case Study in Improving Elderly Care in the UK
The case study shows how combining impact measurement and management improved after-care support for elderly patients in a UK health organization. Patient outcomes improved significantly through data-driven insights, staff training, and real-time feedback.
Managing for Better Impact
Several years ago, Think Impact made a subtle yet significant shift in the language used around their services. This influenced how they worked with clients and their approach to supporting clients to manage for better impact.
Research Highlights
Measuring and Communicating Social Impact: Challenges and Opportunities for Social Enterprises in Australia
The social enterprise sector in Australia is diverse. Social enterprises are facing significant challenges in communicating and measuring impact, but opportunities are arising to build capacity in impact measurement.
Impact Measurement: A Review of Recent Literature
The complexity and progress in impact measurement focus mainly on four critical areas: choosing appropriate tools, the stakeholder’s involvement, the controversy over standardization, and the development of frameworks for large-scale evaluations.
Methodology
Navigating Impact Measurement and Management: Harnessing the Power of Impact-Weighted Accounts
Impact-Weighted Accounts represent a significant leap forward in a quest for a more sustainable and equitable global economy. Developing and adopting a systematic IWA framework can guide us towards more responsible and transparent business practices, fostering an economic system that truly benefits all stakeholders.
Book Review
The Impact Challenge: Reframing Sustainability for Businesses
First in the Impactful Data Science series by Taylor and Francis, The Impact Challenge defines a toolkit that helps businesses identify an organizational learning curve before developing impact targets.
Impacter Insights
Transforming the World with Impact Management: An Interview with SVI’s CEO Ben Carpenter
Impacter Insights from the CEO of Social Value International on four major initiatives of SVI, SVI’s relationship with the SDGs, and his take on the impact of AI.
Pioneers Post
Accounting is the Blind Spot of Economics – We Ignore it at Our Peril
Accounting is overlooked in economic theory, limiting its potential to address social and environmental challenges. It determines value distribution. Reimagine accounting as a driver of the economy, reflecting social rights and responsibilities to create a more holistic approach.
What is Impact Verification?
Impact verification involves independent assessments of investors’ impact management processes or impact performance against industry standards. It plays a crucial role in building trust and credibility in impact investing, addressing concerns about impact-washing.