We already know that learning and teaching impact skills to the current and future workforce is essential to reach climate targets and address the planet’s most compelling challenges. But, who is responsible for implementing this change and how can we achieve it?
Fresh perspectives to maximise the impact of your work
Upskilling workers and employees with green and social skills, otherwise known as impact skills, is an effective means to accelerate the climate transition. Yet, while demand is high for learning these skills and employing workers with such skills, there is a recognisable deficit of accessible, transparent and accredited teaching opportunities. Bridging this gap provides the solution.
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?
In order to implement impact measurement and management (IMM) at scale, more tools are required for efficient aggregation of impact data and decision making. So what role does technology play in making real impact management feasible and how should enterprises identify appropriate technological solutions?
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?
Impact investing catches the imagination of people and organisations as the new source of hope in our collective ability to address the SDGs. To realise its true promise, we however need to double down on creating a level playing field for impact investors and create infrastructure for true impact accountability.
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.
Are you part of the growing group of people aiming to make organisations and the economy serve a greater purpose than wealth accumulation? Then much like us, you have probably wondered a thousand times what you could do better to make strides towards enabling that purpose. It is precisely with this mission in mind that Efiko Academy was born in September 2020.