The Impact of Organizations

Table of contents

1. Cover Page
2. Half Title Page
3. Title Page
4. Copyright Page
5. Contents
6. List of Figures and Tables
7. Contributors
8. Preface
9. Part 1 From Sustainability to Impact Evaluation and Management: Corporate Perspective
   1. Chapter 1 Sustainability Performance and Esg Factors: A New Challenge for Small and Medium Sized Enterprises (SMEs)
      1. 1 Introduction
      2. 2 ESG and SMEs
      3. 3 The central role of stakeholders
      4. 4 Customer management of SMEs in the supply chains of large companies
      5. 5 ESG and corporate finance of SMEs
      6. 6 Additional benefits for SMEs
      7. 7 Barriers for SMEs adopting ESG principles
      8. 8 Conclusions
      9. References
   2. Chapter 2 The Impact of Corporate Social Responsibility on Financial Performance and Firm Value
      1. 1 Introduction
      2. 2 The relationship between CSR and financial performance
         1. 2.1 Literature review
         2. 2.2 Methodology
         3. 2.3 Results
      3. 3 The relationship between CSR and value
         1. 3.1 Literature review
         2. 3.2 Methodology
         3. 3.3 Results
      4. 4 Conclusion
      5. References
   3. 3 Impact Evaluation and Sustainability Reporting: A Case Study of an Integrated Framework
      1. 1 Introduction
      2. 2 Research methodology
      3. 3 From Corporate Social Responsibility to Social Impact: the evolution of evaluation and accountability
      4. 4 The Integrated Reporting Framework
      5. 5 Italiacamp framework
      6. 6 Case study: application of Italiacamp framework to Luiss Guido Carli reporting
         1. 6.1 The evaluation framework
      7. 7 Conclusion
      8. References
   4. 4 Accountability and Third-Party Independent Verification in Impact Investing: The Case of Bluemark
      1. 1 Introduction
      2. 2 Methodology
      3. 3 Background of the research
         1. 3.1 What is Impact investing?
         2. 3.2 The market for Impact investing
         3. 3.3 Pillars of Impact investing
         4. 3.4 What are the main issues in Impact investing?
      4. 4 Diving into the role of third-party evaluation of impact: the case of BlueMark
         1. 4.1 Accountability at the ecosystem level
         2. 4.2 Two pillars of accountability for impact: impact management practices and impact performance control
         3. 4.3 Main differences and similarities between an impact verification company and traditional financial auditors
         4. 4.4 The fight against impact washing through trust-building
         5. 4.5 Impact washing: U.S. vs EU market
         6. 4.6 The future of impact verification
      5. 5 Conclusion
      6. Acknowledgements
      7. References
   5. Chapter 5 Impact Evaluation For Public Institution: The Case of An Invitalia's Incentive
      1. 1 Introduction
      2. 2 The methodological choice
      3. 3 Applying the framework on Resto al Sud impact analysis
      4. Step I Preliminary analysis, internal analysis and benchmark
         1. Internal analysis
         2. Benchmark
      5. Step II Theory of change construction
      6. Step III Stakeholder engagement
         1. Brain gain effects
         2. Capabilities
         3. Social and financial inclusion
         4. The value for the community
      7. Step IV Identification of socio-economic impact indicators
         1. Territorial and sectoral impacts
         2. Gender equality
         3. Impact on the banking system
         4. Multiplier effect of public investment
         5. Sectoral Multiplier effect of public and private investments
         6. Public spending payback
      8. 4 Project management e governance
      9. 5 Lesson learned and conclusions
      10. References
   6. Chapter 6 Impact Evaluation for an Impact Project: #Ricuciamo
      1. 1 Introduction
      2. 2 #Ricuciamo: vision, objectives, and features of the project
         1. Network
         2. Establishment and development of production plants
         3. The people
         4. The results
      3. 3 The impact generated
         1. The evaluation model
         2. Stakeholders involved
         3. The Theory of Change and evaluated effects
         4. Information collection methods
         5. The results obtained
         6. Relational aspects
         7. Professional enhancement
         8. Benefits for external staff
         9. Economic benefits for the public system
      4. 4 Lessons learned
      5. References
   7. Chapter 7 What are the Upcoming Challenges in Impact Management?
      1. 1 Introduction
      2. 2 Impact fundamental theoretical background
      3. 3 Impact and sustainability: where is the link?
      4. 4 Are the social and environmental impacts the same?
      5. 5 Conclusions and future research agenda
      6. References
10. Part 2 Financial Sector, Sustainability Integration and Impact Management
    1. Chapter 8 Amendment of Csrd Directive, Nrrp, Financial Market and Esg Parameters
       1. 1 Introduction
       2. 2 The proposed CSRD directive
       3. 3 The limited assurance
       4. 4. The management report
       5. 5 Directive goal
          1. Timeline
          2. Application of the Directive
          3. What are the new reporting standards?
          4. CSRD – disclose information
          5. Sustainability reporting standards
          6. The CSRD is a step change in corporate reporting
          7. How is this achieved?
          8. How does it fit with the SFDR and Taxonomy Regulation?
          9. Companies affected by the directive
          10. Report in accordance with new sustainability reporting standards
       6. 6 Conclusion
       7. References
    2. Chapter 9 Finance for Impact: The New Era of Sustainable Finance
       1. 1 Introduction
       2. 2 Winds of change on the sustainable finance landscape
       3. 3 From sustainable finance to finance for impact
       4. 4 Conclusions
       5. References
    3. Chapter 10 ESG Performance and Impact Measurement in the Banking Industry
       1. 1 Introduction
       2. 2 ESG and banking: evidence from academic research
       3. 3 ESG data in the banking industry
       4. 4 Impact measurement in the banking sector
       5. 5 Conclusions
       6. References
    4. Chapter 11 Measuring, Managing, and Communicating Impact: The Case of ABN Amro
       1. 1 Introduction
       2. 2 ABN AMRO's purpose and strategy
       3. 3 Impact measurement and management approach by ABN AMRO
       4. 4 Communicating impact: a story of success
       5. 5 Conclusions: lessons learnt
       6. References
    5. Chapter 12 Measuring and Reporting Organizations Impact: The Case Of Capgemini's Impact Methodology
       1. 1 Introduction
       2. 2 Understanding and defining organisations' impact
       3. 3 The Theory of Change (ToC)
       4. 4 The main steps to design an impact management process
       5. 5 The Capgemini case as a relevant actor in the definition of new best practices for measuring carbon impacts
       6. 6 Measuring impact: a methodology to inform transformative project design
          1. Step 1: Define – Understanding the Carbon Levers for a Project
          2. Step 2: Identify – Delineating the effects of the project
          3. Step 3: Collect – Data Identification
          4. Step 4: Calculate – Computing the Carbon Impacts
          5. Step 5: Monitoring and reporting – Ongoing assessment of the project
       7. 7 Conclusions
       8. References
    6. Chapter 13 Lessons on Impact Measurement from A Catholic Church Impact Investor
       1. 1 Introduction
       2. 2. Early impact measurement efforts, processes, and lessons learned
          1. Starting out
       3. 3 Initial years of defining metrics and collecting data
          1. Defining a Theory of Change
          2. Developing Impact Metrics and a System for Data Collection and Reporting
       4. 4 Refining an impact measurement and management system that is practical for the impact investor and the social enterprise
       5. 5 Conclusion
          1. IMM alignment is vital across the entire impact investment process from due diligence to loan closeout
          2. Step by step approach
          3. Combine top down and bottom-up reporting practices
          4. Trying to capture systemic impact is important but challenging
       6. References
11. Part 3 Impact Manangement to Innovate The Public Institutions
    1. Chapter 14 Public-Private Partnerships (PPP) in the Italian Recovery and Resilience Plan (NRRP)
       1. 1 Introduction
       2. 2 A new future for the Public-Private Partnership with NRRP
       3. 3 Public-Private Partnerships and Urban Regeneration Programs
       4. 4 Social PPPs and the promotion of cultural heritage
          1. 4.1 Case study Colle Brianza: Borgo “Campsirago”
             1. 4.1.1 Brief description
             2. 4.1.2 Public-Private cooperation agreements
             3. 4.1.3 Economic and financial plan
       5. 5 Conclusions and discussion
       6. References
    2. Chapter 15 An Impact Finance Instrument for Public-Private Partnerships: SIINC
       1. 1 Introduction
       2. 2 Methodology
       3. 3 Impact finance and pay by results
       4. 4 Social Impact Incentive - SIINC
          1. 4.1 SIINC's financial model
          2. 4.2 SIINC in practice: Mexico and Honduras
       5. 5 SIINC application to Officine Mezzogiorno
          1. 5.1 Defining the financial model: a comparative analysis
          2. 5.2 Funding methods
          3. 5.3 SIINC financial model at work: a simulation
          4. 5.4 Juridical analysis considerations
             1. 5.4.1 SIINC content
             2. 5.4.2 Introductory analysis of the contractual model
       6. 6 Conclusion
       7. References
    3. Chapter 16 Impact Management for Urban Innovation: Arexpo for Milan Innovation District Project
       1. 1 Introduction
       2. 2 Methodology
       3. 3 Impact management for innovation: the model
       4. 4 Innovation district: a model of urban regeneration
       5. 5 Milan Innovation District: the application of Arexpo
          1. 5.1 MIND project
          2. 5.2 The innovation district model and the impact management process: the MIND case
       6. 6 Evidence from the case
       7. References
12. Index