Impak Finance aims “to support the growth of an economy that has a positive social impact”. To do so, Impak Finance’s team is developing an innovative service which allow individuals, enterprises and investors to create positive social impact by choosing to spend, invest and shop in an ecosystem of carefully selected organisations chosen for the positive impact they generate. Impak Finance is a Canadian organisation, with high potential of growth globally.
A "bitcoin for the impact sector"?
The Impak coin supports the initiative as it has been designed to avoid volatility and enhance loyalty by rewarding collaboration and spending in the Impak ecosystem. It is the first cryptocurrency entirely dedicated to responsible consumption.
What did we do?
We have been involved in:
- the definition of Impak Finance’s impact strategy
- the design of criteria and processes to select organisations that will be part of the Impak ecosystem
The great challenge was to manage to create a selection process which simplifies to the maximum the impact concepts and assessment questions so that a wider audience can get involve with the initiative, while keeping an academically satisfying methodology. Both Impak Finance and us felt fortunate that our work coincided with the launch of the Impact Management Project, which had the same purpose of finding a consensus on how to speak about impact, measure and manage it, in the simplest way. We have used the findings of the project to structure our thinking. Impact assessment is never a straightforward journey and the idea is to learn from the growth of the ecosystem and to adapt the selection process.