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Impact Metrics CofP

The Global Alliance has worked for several years on developing ways to measure and report to stakeholders the results of its activities. This effort was driven in part by the results of its research published in 2012 that identified a need for providing standardized information. Furthermore, as follow up to its Berlin Declaration, the Global Alliance sought to take a leading role in developing a transparent approach to reporting for values-based banking.

To develop a common stakeholder reporting approach the Global Alliance has created a network of metrics experts from its members. All members participate in this network, which seeks to develop reporting tools and standards. The Global Alliance Scorecard is the result of this effort. This Scorecard was beta tested in 2013 and moved to version 1.0 for 2014 reporting.

The Scorecard was developed using the practitioner knowledge of its members who are already active in reporting to their stakeholders the impact of their efforts to operate under the Principles of Sustainable Banking. These Principles focus on the delivery to individuals, enterprises and communities a Triple Bottom Line of economic resiliency, environmental regeneration and social empowerment (Prosperity, Planet and People).

In 2016, the European group met in Padova (Italy) hosted by Banca Popolare Etica and the North American metrics group met in Oakland (USA) hosted by Beneficial State Bank.

In 2016 the Global Alliance focused on developing tools to publish the results of members’ Scorecards on its website. The tools have been developed and the first 10-15-member bank scorecards are expected to be published by the Annual Meeting in the Spring of 2017. Some members have already begun publishing their scorecards individually as part of their annual reporting processes. In addition, the Scorecard is also used by SFRE to assess investments. The long-term goal is for the Scorecard to become an industry standard for assessing the alignment of any banking institution with a values-based strategy.

For 2017 the Impact Metrics Network will focus on the following initiatives:

  • Publication of member scorecards on the GABV website
  • Replacement of the Scorecard gathering tool
  • Extending the use of the Scorecard beyond the GABV
  • Development of detailed processes for determining Triple Bottom Line classifications and qualitative calibration
  • Re-start webinars in 2017 with a plan to have them in January, April and July

We accomplished much this year with the support of interns Mona Hakim and Hannes Bohne; special thanks go to them for great results. We have two new interns starting in January 2017 to provide support for both our metrics and research efforts–Sten Stein and Matthijs Henseler.

The Impact Metrics CofP is coordinated by David Korslund, Scorecard Development and Senior Adviser to the Executive Director, GABV.

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