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We are pleased to release the 2018 GroFin Impact Report

Posted By Shailen Neewoor, GroFin, Friday, August 16, 2019

"Famous rock musician and philanthropist Bono once remarked that impact investing is an excuse for good people doing bad deals. We would argue that GroFin is about good people doing real deals. GroFin has invested nearly $340 million in 708 small and growing businesses (SGBs) and in doing so helped them to sustain over 28,000 jobs. These deals might not hit the headlines or generate “alpha returns”, but they do deliver real impact alongside positive financial returns,” Guido Boysen, GroFin CEO.

This year we have changed the format of our annual Impact Report by adopting the Integrated Reporting guidelines. This brings GroFin in-line with global best-practice to report on how we create value by leveraging the various forms of capital at our disposal. This framework enables us to look at the business in an integrated way.

The report provides as an overview of the following:

  • GroFin’s business model and strategy
  • Our biggest accomplishments during the past year
  • The financial performance and impact generated by each of our six active Funds
  • The successes of our clients and how they are changing lives in the communities where they operate.

We are forever grateful to our clients, investors, funders, partners, and staff without whom our success and impact would not have been possible.

Visit the report website

Download the report

 Attached Files:

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5 steps you can take today to start measuring your business impact

Posted By Nazila Vali, Business Call to Action at UNDP, Monday, July 16, 2018

How to start measuring the impact of your business to advance the Sustainable Development Goals.

By Rabayl Mirza, Impact Management Specialist at the Business Call to Action 
 

Shea nut worker, Burkina Faso. Credit: Ollivier Girard/CIFOR
Impact measurement can be challenging if you have never done it before and don’t know where to start. Even the savviest professionals sometimes find it hard to choose between various tools, methodologies and frameworks available. Truth is, knowing what impact you’re making doesn’t have to be complicated. We have identified a few simple things anyone can do to kickstart impact measurement:

1. Write down your goals and put them up so you can refer to them every day. Having specific, measurable goals visible serves as a daily reminder to you and your team about what you’re working towards. Integrating your goals with the Sustainable Development Goals as a first step is a practical way to chart your progress towards the global agenda. 

2. 
Define your beneficiaries. Saying your project helps women and children is not enough. Identifying the exact demographic and profile is a critical step towards quantifying impact. It is especially important to get feedback on your impact from your beneficiaries and to not make any assumptions. L’Occitane, an inclusive business, worked with BCtA as part of the BIMS (BCtA Impact Measurement Services) to learn more about the women farmers they source their shea butter from. The specific insights emerging from that process about the needs of their beneficiaries helped them make their engagement more impactful. Read their case study

3. 
Give yourself a deadline. Breaking down targets into short term and long term is valuable so you can keep track of progress over time and know what needs to be prioritized. Aligning your targets with the SDG targets positions your efforts globally and helps communicate your impact clearly to your stakeholders.

4. 
Find out what your peers are doing. Research similar business models, get in touch with relevant experts in the field, and apply best practices where appropriate. The BIMS case studies, for example, represent a great source of information about the impact measurement journey of 21 inclusive businesses. 

5. 
Sign-up for the Lab! The Business Call to Action has developed an online lab, which takes you through 4 integrated modules to assess your readiness for impact measurement, define your goals and plans, monitor your impact data, and finally, analyze impact data and report your results. Signing up takes a minute and you can keep coming back to refine, review and update your impact measurement plans.  
 

Tags:  Africa  impact  impact management  impact measurement  inclusive business  inclusive innovation 

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