Press Release: impak’s Independent Methodology Committee Begins Work
impak’s Independent Methodology Committee Begins Work
impak’ leadership in impartial impact assessment now advised by renowned impact experts
Montreal, Paris, November 5th, 2020: impak, the independent impact rating agency, announces today the first meeting of its independent methodology committee, composed of internationally renowned experts in the field of environmental and social impact measurement and management. The committee’s mission is to advise the impak team so that it maintains its leadership in terms of impartial impact assessment, which is the foundation of its key products: the impact statement and the impak Score™.
The committee, that will meet on a regular basis to work with impak’s internal methodology committee, is composed of Laura Palmeiro, Senior Advisor at UN Global Compact and former Sustainability Integration Director at Danone; Olivia Prentice, COO and Head of Content at the Impact Management Project; Stephanie Robertson, Founder and Chief Impact Officer at SiMPACT Strategy Group, and Board Chair at Social Value Canada; and Léa Dunand Chatellet, Head of Responsible Investment at DNCA, a Natixis subsidiary.
“We are extremely happy to create this committee composed of international leaders who, by their commitment, recognize our expertise on issues around environmental and social impact assessment”, said Paul Allard, impak Finance’s CEO and Co-founder.
An urgent need
“Transparent and comparable ratings are a critical piece of the puzzle for the sector to grow; they help companies and their investors understand and benchmark their performance, enabling quicker data-driven decision-making”, added Olivia Prentice, COO and Head of Content at the Impact Management Project.
With assets under management that integrate environmental, social and governance (ESG) criteria reaching 40,000 billion dollars in 2020, it appears essential to empower asset managers, institutional investors and financial institutions with a transparent and comparable methodology based on international standards. The independent methodology committee will therefore work to adapt and scale impak’s methodology so that it can meet today and tomorrow’s market needs relative to social and environmental impact assessment.
impak is an independent impact rating agency with offices in Montreal, Ottawa and Paris. Its mission is to direct capital to the impact economy. It developed impak IS2, an impact scoring and reporting solution that relies on the Impact Management Project and the UN’s 17 Sustainable Development Goals. This solution allows professional investors to choose investments based on the positive social and/or environmental impacts they generate. impak IS2 also allows investors to rank companies based on their impak Score™, and generates a global extra-financial balance sheet statement, called impact statement, comprised of positive and negative impacts. impak has also developed a family of impak Indices™ based on the impak Score™.
For more details, visit www.impakfinance.com
Head of Communications