What are Outcome Metrics?
Outcome metrics capture any impacts actually created by an organization. They differ from activities and outputs because they are meant to track the results (usually on the lives of beneficiaries) generated from those indicators.
Some organizations use outputs to imply impact created (e.g. 300 beneficiaries trained) rather than diving deeper and using outcome metrics to demonstrate that those outputs have had a positive effect (e.g. after training income increased from x% to y%).
Here are a few characteristics with further distinguish the importance of using outcome metrics:
- They track a change that has occurred because of an organization's efforts
- They communicate to your organization the extent to which you are (or are not) achieving your impact goals (and/or your very mission).
- They enable you to communicate to beneficiaries just how much your intervention/programs can help their communities
- They encourage transparency with funders, and can help mobilize capital towards the most effective programs
Read More: What you should know about Standardized Social Impact Metrics?
Difference between Goals, Targets and Metrics (or Indicators)
Using the structure of the Sustainable Development Goals as an example (set by the UN in 2015 in an effort to tackle poverty and protect the earth), we can see that each "impact" goal defines specific targets to reach within the next 15 years. %201.56.06%20PM.png?width=507&name=Captura%20de%20pantalla%202018-07-24%20a%20la(s)%201.56.06%20PM.png)
The breakdown:
Goal 1: Poverty End poverty in all its forms everywhere
Target: To be achieved by the year 2030, a reduction of at least half the percentage of people of all ages living in poverty according to their own national definitions.
Indicator: Example, indicator 1.1.1, on the proportion of the population below the international poverty line.
Why is measuring impact important?
By measuring what matters, your organization is able to gain credibility with funders, donors, and
- INVENTORY OF BUSINESS INDICATORS
Sustainable Development Goals (SDG) maps existing business goals/targets against other popular indicators such as GRI. You can review commonly used indicators and other relevant indicators that may be useful when measuring and reporting your organization’s alignment to the SDGs. Consult this list for a complete database.
Laying the Groundwork
The most important element to a relevant selection of social impact metrics is the foundational impact framework that supports it. A strong impact measurement framework enables us to better define which metrics will serve our needs. That framework emerges from THREE cornerstone elements of any organization.
- VISION, MISSION, AND GOALS
Whenever you get stuck (which you probably will) as you document your organization's program structure and theory of change, you can refer back to these three elements of your organization for guidance. -
PROGRAM STRUCTURE
Your program's structure is simply a documented layout of how your programs are organized. It refers to your organization's internal hierarchy of activities and impact efforts. The two-layer structure includes your programs (or initiatives) in layer one and the associated goals of those programs in the
second layer. If your organization is broad in scope, your 'Programs' might be "Higher Education," "Health and Wellness," "Financial Inclusion," "Organizational Capacity Building," etc. If your organization has a narrow scope, maybe you work with at-risk youth for college and career readiness, then break it down a step further.
- THEORY OF CHANGE
The Theory of Change (ToC) documents the change (impact) that you are seeking for both accountability and the internal awareness of potential organizational challenges. In the ToC, the primary challenges indicated are your underlying assumptions. The outcomes and outputs outlined in the ToC will be essential in defining your metrics.
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Resources at Sopact
- Best Practices for Social Impact Metrics Selection
- Demonstrating Impact: Choosing the Right Impact Metrics
- What to Know About Standardized Social Impact Metrics
- Selecting a Funder's Social Impact Metrics
- How to Get Social Impact Outcome Metrics
- Actionable Impact Management Guide Vol II (METRICS)
Resources in the World Wide Web
Guides:
- Social Entrepreneurship: Social Impact Metrics (from MaRS)
- Introduction to Impact Metrics
- Social Metrics Primer (Carleton Center for Community Innovation)
Articles:
- Understanding social impact metrics and measurements (Devex)
- Quantitative Social Metrics for Impact Investing (Acumen)
- MSCI ESG Sustainable Impact Metrics
- Impact Metrics: The Center for Social Impact Learning
- A look at social impact metrics and impact investing
- A Fireside Chat on Impact and Mission Measurement
Sustainable Development Goals & Indicator Alignment
Start here..
Sustainable Development Goals are a collection of 17 global goals set by the UN starting on 2015. Sustainable Development that includes 17 Sustainable Development Goals (SDGs).
GOAL 3: Good Health and Well-being
GOAL 6: Clean Water and Sanitation
GOAL 7: Affordable and Clean Energy
GOAL 8: Decent Work and Economic Growth
GOAL 9: Industry, Innovation and Infrastructure
GOAL 11: Sustainable Cities and Communities
GOAL 12: Responsible Consumption and Production
GOAL 16: Peace and Justice Strong Institutions
GOAL 17: Partnerships to achieve the Goal
Global Indicators:
Read More: How to choose the right impact indicators for demonstrating impact?
Business Sustainability Indicators
Start at SDG Compass
Start with SDG Compass, a comprehensive indicator library that aligns with many leading standards. Thought list is long here are few leading Sustainability Standards & Indicators:
Global Reporting Initiative (GRI)
Sustainability Accounting Standards Board (SASB)
Carbon Disclosure Project (CDP)
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How do I know which standards to align when selecting metrics?
Standard metrics are usually used by specific sectors or types of stakeholders: sustainability focused, impact investing focused, community development focused, etc. To give an example, IRIS metrics are designed to measure the social, environmental and financial performance of an investment.
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- Humanitarian Response Indicators Register
- UNICEF's Multiple Indicator Cluster Surveys (MICS) questionnaires
- Demographic and Health Surveys questionnaires
- WHO's database of health indicators
- Global Reference List of 100 Core Health Indicators
- Family Planning and Reproductive Health Indicators Database
- Violence Against Women and Girls: A Compendium of M&E Indicators
- Indicators for assessing the situation of older people in emergencies (RAM-OP Method)
- advocacy indicators - UNICEF and SCH's guidance
- UNHCR's Emergency Standards and Indicators
- The Nutrition Cluster Indicators Registry
- Feed the Future Indicator Handbook
- IRC Outcome and Evidence Framework's indicators
- DCED's Harmonized Indicators for Private Sector Development
- Bond Impact Builder's indicators
- Family Planning and Reproductive Health
- Community Based Indicators for HIV Programs
- Results based financing
- Health Information System Strengthening
- Gender Lens Investing
Indikit Resources
- Indikit - Relief and Development Indicators
- Sample Size Calculator
- Survey Sampling, Survey Guide, Mobile Data Collection, SMART Indicators
- Survey Checklist
Emergency and Recovery Standards
- The Sphere Standards
- INEE Standards
- The Child Protection Minimum Standards (CPMS)
- The Livestock Emergency Guidelines and Standards (LEGS)
- The Minimum Economic Recovery Standards (MERS)
- UNHCR's Emergency Standards
Survey Methodology
- INTRAC's Monitoring and Evaluation Series
- Managing 4 Impact -
wealth of M&E resources - ACAPS's guidance on humanitarian surveys
- Better Evaluation
- Mande
- EN-NET (nutrition, food aid)
HEALTH & WELLNESS EDUCATION
FOOD SECURITY
Access to Medicines Index Access to Nutrition Index
WATER, SANITATION, & HYGIENE (WASH)
POVERTY
EDUCATION
FOOD SECURITY
RELIEF AND DEVELOPMENT
Indikit - Relief and Development Indicators
SUSTAINABILITY
Read More:
How to go beyond IRIS metrics while choosing your social impact metrics?
How to effectively use IRIS indicators in the impact measurement setup
Are you spending too much time selecting impact metrics?
Learn how to choose impact metrics for your organization, programs or projects beyond just IRIS or other standardized metrics.
And discover how a comprehensive cloud-based solution can help make that process accessible, efficient and effective, regardless of size or level of expertise.
Benefits of Impact Cloud®
Are you foundation, nonprofit, social enterprise, or corporations? Is your program taking a lot of time research select most relevant social impact metrics?
If it takes months, even years to define and refine relevant social impact metrics, perhaps you are not using a right research approach. While standardized metrics can help organizations do so, how do you find the most relevant standardized metrics without pulling hair? In the age of Google, researching and finding ideal metrics for any impact objectives shouldn't be this difficult. It no longer is.
The SoPact ImpactCloud®, which includes the world's most comprehensive impact search engine, enables practitioners across sectors to efficiently search thousands of metrics suitable for philanthropy, CSR, impact investing and more. The end result? Users can find and establish the most relevant metrics, for themselves and their stakeholders in a much more reasonable amount of time.
What is it that makes this search engine so powerful? Its searchability is nuanced, intelligent and customizable. Something you expect from something like Google but until now has been severely lacking in the impact space. Let’s take a deeper dive into the improved search world that awaits you.
Read More:
What you should know about Standardized Social Impact Metrics?
Which Impact Metrics to Choose for Gender Lens Investing
What are IRIS Metrics and their Associated Challenges?
IRIS Metrics are standard metrics managed by GIIN and designed for impact impact investors and small & growing business (SGB) for impact reporting. These 520+ quantitative and qualitative metrics are commonly used by SGB for Impact Investment reporting .
While impact investors love using IRIS Metrics, one of the challenges with implementation is their limited context-specific relevancy.
To find the right metrics for your organization, the tools you use need to speak your language and understand your context.
With the Sopact Impact Cloud, we've designed it so that it understands your language, it makes suggestions, and understands what you’re trying to say even before you say it. It guides you from ambiguity towards clarity for any of your metrics needs.
To give you more clarity on what we mean, we’ll walk you through 9 of the features behind the search engine. And we’ll use social enterprise startup Thrive Natural Care as a case example to take you through each feature in a more hands-on manner.
What you need to know about Thrive:
- For-profit entity
- Makes all natural skincare and grooming products for men
- Delivers a “regenerative” business model designed to improve everything the business touches, from its farms in Costa Rica, to the skin on your face.
- General indicator areas they measure: soil health, ecosystem biodiversity, farmer livelihood, community vitality.
Read More: How to choose Right Impact Indicators to Demonstrate Impact?
Now, let’s dig in.
Reason 1: Find Most Researched & Used Metrics
As with any research process it helps to know what’s out there and what’s trending before diving too deep. You could call this “taking the pulse,” a good way to build contextual arguments for the relevance of certain metrics over others.
Let’s say Thrive’s founder logs into the SoPact ImpactCloud. He’s just returned from Costa Rica with all kinds of insight on what’s important to the farmers and their communities, and just how their agricultural practices can improve soil health harvest after harvest. How might he translate those insights into metrics that his impact investors are also aligned with?
He can start by perusing the metrics catalog rankings. As more and more users interact with the catalog the rankings adjust accordingly. The most researched/used metrics will rise higher in the rankings and facilitate a more efficient “taking the pulse” process on current trends across sectors.
Reason 2: Typo-tolerance
Not sure how to spell something? Or maybe you just tpyed too fsat! No worries. Like the human brain, the SoPact ImpactCloud takes your tpyed too fsat and knows you simply typed too fast.
Or perhaps Thrive’s team searched for "sustanble mangment." Typo-tolerance engages, and what returns in the search results (among others) is likely IRIS metric OI6912: Land Directly Controlled: Sustainably Managed. To give you a little taste, this IRIS metric also comes complete with the following description (and other usage guidelines):
Area of land directly controlled by the organization and under sustainable cultivation or sustainable stewardship. Report directly controlled land area sustainably managed during the reporting period.
So whether you’re a fast typer or you simply don’t know how to spell something, typo-tolerance will save you and your team time, search after search.
Reason 3: Synonyms
Part of the issue with many metrics catalogs is that you have to know exactly how to define what you’re looking for in order to find it. Not very helpful when in the definition process of your metrics.
For example, let’s say Thrive works with farmers to ensure their income rises and that this has a positive effect on the family. Family size would be an important metric to track within this impact scheme. The Thrive team types “farmer family size” into the IRIS catalog on the IRIS website and is frustrated by no results. They do the same within the SoPact ImpactCloud and get a bevy of results. Why?
Our Synonym feature works to automatically relate similar terms to your search terms, so that what the Thrive team might find is IRIS metric PI4548: Client Household Size. This captures the farmer and the family, but in different terms.
This is important because across cultures we use different terms to
describe similar concepts and if we don’t find what we’re looking for in a metrics catalog we may assume it does not exist.
Then we may resort to more generic metrics that do not capture the true measurement we would like to understand. This ultimately dilutes the quality of our data, our reporting, and perhaps ultimately, our service. See the table below for more examples.
Reason 4: Language-Agnostic
Business is getting ever more global. Even small startup teams are often spread around the world. So what happens if a Thrive team member from Costa Rica signs on to figure out how they might better measure their farmer capacity building programs? Let’s say they search, "Número de participantes" to start with because they find it easier to think and write in Spanish.
No problem. Because our search feature is a true polyglot. With 100+ languages, you and your non-English speaking teams have access to the same comprehensive database as any English speaker in Silicon Valley.
Reason 5: Filters and Facets
Most of us, and those on our teams, at least know which sector we’re operating in (area of focus). More savvy teams might also know the difference between outputs and outcomes, or the various metrics standards that exist (like IRIS metrics, Sustainability metrics such as GRI and SASB, Sustainable Development Goals - SDG etc). Those users who already have a head start on this knowledge, can take advantage of the filters and facets feature of the search engine.
These drill down features (you’ll experience them as various checkboxes) allow users to filter results down into specific categories, from area of focus, to metrics standards, to Theory of Change step, and more.
At Thrive, instead of searching for “land” in the entire catalog without filters, they may want to narrow it down to an area of focus like “Environment” so that they don’t see irrelevant results from other categories like “Housing” or “Community Development.”
So what may be at the top of the list with the term “land” and focus category “Environment”? IRIS metric OI5929: Biodiversity Assessment, something that Thrive needs in order to track the performance of their restorative agricultural practices on and around their farmland.
Reason 6: Advanced Language Processing
Have you ever tried to speak to someone about a topic you knew a lot about, but they didn’t? It can be hard to communicate when you’re using a technical language that they are not familiar with. But they can probably follow along given the context clues in your conversation. Like you and your friend, the SoPact ImpactCloud uses context to decipher what other impact metrics catalogs likely cannot.
For example, let’s say Thrive implemented a feedback protocol with its farmers complete with incentives to encourage high response rates. They’d like to demonstrate the execution of this protocol in their impact reporting so they search the IRIS website catalog for “feedback client” and get nothing. Discouraging. They search the Sopact ImpactCloud for the same, and because the SoPact version uses advanced language processes (and has indexed not only IRIS catalog but many other standards like GRI, Guidestar, GIIN, Robin Hood, BOND, UN-SDG etc), IRIS metric OI5049: Client Feedback System appears.
What you want in a search engine is to be able to throw keywords at it without having to guess at the exact phrasing used in the actual metrics. With the Sopact ImpactCloud you’ll never have to deal with this guess work.
Reason 7: Custom Ranking
No one knows our users like we do. We live and breathe impact every day. Just as you do. That’s why we’ve also customized the search engine to return results within a rankings system based on our own impact expertise. In other words, what shows up at the top of your results is ordered in an intelligent way, based on more than just textual relevance! Let’s look at this in simpler terms.
Let’s say Thrive searches for “microfinance” to find metrics relevant to a financial support program they may have for their farmers. The SoPact ImpactCloud contains numerous metrics that could be useful for this keyword. With our customized rankings, the metrics that are most likely to be relevant to you will appear at the top of this list.
For example IRIS metric PI3687: Jobs Created at Directly Supported/Financed Enterprises would take precedence over something like IRIS metric PI5965: Number of Housing Units Financed because we’ve customized the first metric to have greater relevance for most of our users who search “microfinance.” We base these custom rankings on our own business data, having worked in the impact space for years, and continually improve this customization as we get more data.
Reason 8: Personalization
We make an effort to get to know you. Partly because you inspire us to do what we do, but also because knowing you better makes us better at serving you. For example, something as simple as knowing whether you run a nonprofit or a for-profit social enterprise feeds into how we optimize your search results.
In the case of Thrive, we know they are a for-profit business and likely have impact investors backing them. When Thrive as a user of the SoPact ImpactCloud conducts a search the results are optimized towards IRIS standards because this is usually what impact investors seek. If a nonprofit that also works with farmers conducts a similar search we may optimize results towards Guidestar metrics (a system oriented towards nonprofits).
Put simply, by knowing more of who you are and what you’re about, the ImpactCloud structures results so that you get what is most relevant to you at the top of the list.
Reason 9: Autocomplete
This feature is great for either generating new ideas or completing that idea that’s on the tip of your tongue. It can bring you right to the exact metric you’re looking for before even hitting the return key.
Using our friends at Thrive again, let’s say they implement a variety of conservation programs with their partners in Costa Rica, from water, to energy, to environmental. To see all the metrics relevant to conservation they need to simply start typing C-O-N-S-E-R...and a list of keywords relevant to conserve or conservation metrics is likely to appear.
This gives an instant view of the results landscape, empowering users to even discover metrics they may not have searched for in the first place, but which may be even more appropriate for their needs.
Read More: Why Measure Social Impact? 4 Reasons For All Changemakers
Conclusion
The SoPact ImpactCloud is designed to give you Google-like searchability in a metrics landscape that is often frustratingly opaque.
You and your teams, no matter the language or level of expertise, gain access to a more efficient workflow within the world of metrics building. That way, you can focus more on what matters – on implementing your programs or selling your impactful products.
Read More: Is Measuring Impact Worth the Financial Strain?
We’re happy to jump on a call so you can leap into the ImpactCloud today. The world of impact metrics is just a free demo away.
