How we measure investment the impact of our work.
Our goal is to have measurable impact on the mining communities we engage with. To that end, we continuously and meticulously measure the success of our programmes to ensure that we maximise our reach – and the social return of our investment and grant capital.
The impact indicators that measure success
Capturing metrics such as profitability and production levels is equally important as monitoring minimum pay, and we have introduced a range of indicators that help us adapt our strategy based on what we know works well. By measuring impact we can make informed investment decisions based on evidence as well as first-hand experience. Here are the five Impact Indicators we use to measure success.
Strong community enterprises
We measure outcomes around increased levels of legal formalisation, financial empowerment, and increased productivity.
We measure outcomes around environmental stewardship, and economic impact on the community in the form of increased worker incomes.
Materials risk reduction
We measure outcomes around traceable market supply, and safeguarding society and the environment with responsible production practices.
Service quality and business-led engagement effectiveness
We measure outcomes around scaling impact through engagement and investment, mine organisational financial literacy credibility, and Impact Facility and partner organisational credibility.
Viable impact investments
We measure outcomes around funds invested and financial accountability.
Alignment with The U.N's Sustainable Development Goals
Turning mineral exploitation into a driver for rural development, our work in poverty reduction, health and safety, and global supply chain engagement is fully aligned with the United Nations Sustainable Development Goals.
" The first step towards developing scaleable solutions is measuring the tangible success of our our interventions and services on the ground. Measuring impact means being accountable for how effort is spent and for the capacity to learn what works. After all, recognising failure means being able to exclude something as a potential solution." - David Sturmes
how we are making an impact - with your help
In early November 2019, the Impact Facility had an opportunity to demonstrate one of the processing plants already installed to a visiting team from Fairphone
It has been a week of great adventures for miners from Migori and Kakamega county gold mines. Four organisations – Fairtrade Africa, Solidaridad, GROOTS Kenya
Sept 10 2min read Evidence of the very real difference that the Impact Facility is making in mining communities across the world comes from Cyrus