Case Study – finance&invest.brussels
This case study documents how Efiko Academy helped finance&invest.brussels internalise impact measurement and innovative finance best practices.
This case study documents how Efiko Academy helped finance&invest.brussels internalise impact measurement and innovative finance best practices.
Meaningful stakeholder engagement refers to the routine interaction with any relevant stakeholders, including those individuals that are affected by your decisions, with the openness to adjust your services based on their feedback. Yet, currently, stakeholder engagement is used more as a buzzword as opposed to its purpose of tangibly influencing decision making. So how do we turn stakeholder engagement from just a buzzword to a meaningful and practical process?
In mainstream investing, success is measured through financial performance – returns. To align fund managers’ interests, their carry is tied to it. If impact investing promises both financial and impact performance, should we link compensation accordingly?
To effectively measure and manage social and environmental impact, numerous measurement methodologies mention engaging with stakeholders as a key practice. Although stakeholder engagement seems like a simple process, there is still a lack of adequate implementation. So how can we effectively engage with stakeholders and act upon the outcomes to improve operations while maximising the impact of our work?
How does an organisation effectively listen and take account of the views of their stakeholders (with the resources they have) – particularly those affected by decisions that are often marginalised, so they can improve their impacts?
How does an organisation make sure that its resources and the decisions it takes not only create positive impacts, but maximise impacts? On this topic, we warmly welcome Amanda Feldman and Jeremy Nicholls.
Stakeholder involvement is a consistent requirement in standards set by leaders in this space, such as Social Value International, the Impact Management Project and many others.