Annual impak Score review
impak announces adjustments to its impak Scores™
September 12th, 2023, Montreal — impak, the independent impact rating agency, announces adjustments to its rating methodology as part of its annual review process. This will imply changes in impak Scores™ for the entire impak universe.
The impak Score™ ranges from 0 to 1,000 points; the higher the score, the higher the organization’s contribution to tackling environmental, social, and governance issues. impak’s standard and comprehensive rating methodology is based on the Impact Management Project Norms, hosted by impact Frontier, and the United Nations’ 17 Sustainable Development Goals. Through three analytical categories – positive impacts, mitigation of negative impacts, and governance – the impak Score™ allows investors, banks, and asset managers to better understand the global social and environmental impact of any organization, in parallel with the impact statement.
The current enhanced impak Score™ represents the 9th iteration of impak’s rating methodology, with a more robust algorithm and weightings thanks to the following adjustments: (i) weight changes to reflect changes in coverage and evolution in disclosures; (ii) addition of qualitatively-verified positive impacts, and (iii) revalorization of mitigation of all material negative impacts.
The new impak ScoresTM are available on the impak Analytics platform for its clients and changes were reflected in impak’s indices.