Actions of impact management

The Actions of impact management are the core steps and components of impact management. Explore the Actions using the interactive visual below. Below the visual is information on: how to navigate the Actions; why organisations manage their impacts; which organisations manage their impacts; and the fundamental characteristics of impact management. Click here to explore.

Strategy

Embed impact management into strategy according to organisational purpose and goals
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Governance

Establish oversight and accountability for impact management
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Identify

Understand all impacts potentially associated with the organisation
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Measure, assess and value

Understand current practice and performance to inform prioritisation and decision-making
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Set targets and plan

Make decisions and get ready for implementation and delivery
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Implement

Roll out action plans to manage impacts, deliver on targets and fulfill business strategy
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Monitor, learn and adapt

Track and evaluate implementation and performance for continuous improvement
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Communicate

Explain and disclose practice and performance to inform stakeholders
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Verification, assurance and certification

Obtain third-party validation of information on practice and performance
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Benchmarking and rating

Assess and compare practice and performance to inform stakeholders and drive accountability
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How to use these actions

The interactive visual above is split into three sections to represent:

  • The actions of impact management common to any enterprise, investor or financial institution (referred to by the Platform as “organisations”) and that are iterated over time (middle / dark grey);
  • The actions of impact management performed externally to support organisations (outer / light grey); and
  • How both the internal and external actions inform an organisation’s overall strategy and governance (inner / black).

Relevant resources are referenced throughout the the texts on the actions pages. Most (but not all) pertain to the Partner organisations. These can also found on the Platform’s searchable Resource list and System map.