Over the past decade, many methodologies have emerged for measuring impact. Unfortunately, few have adequately addressed economic justice, which is at the heart of our work. In partnership with our portfolio companies, the Boston Impact Initiative Fund is experimenting with innovative approaches to assessing how the enterprises we support contribute to creating asset-building opportunities for communities of color.
Every year, our portfolio companies participate in a 40-question Impact Assessment. The purpose of this survey is to help increase the impact each enterprise can have on closing the wealth gap. That’s why we focus our attention on such metrics as ownership by people of color, access to quality jobs for economically marginalized groups, closing the gender wage gap and more. We view these assessments as a learning process rather than a scorecard, so our focus is less on the answer we get today than how those answers change over time.
While we’re happy to see our companies meet their financial goals, we’re thrilled when they meet or exceed their impact ambitions. Our portfolio companies are trailblazing models of shared ownership, right livelihood and zero waste—values that we hope become the foundation of new standards for business.
See the 2021 Impact Report.