The Principles for Positive Impact Finance posit that to achieve positive impact finance and business a holistic approach to impact analysis and management is needed, covering the three pillars of sustainable development (economic, environmental and social).
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The Impact Radar is one of the first tools that were developed by the PII to implement holistic impact analysis.
|The Impact Radar offers a holistic set of impact areas across the three pillars of sustainable development (economic, environmental and social), which can be used by private finance and business to understand and manage positive and negative impacts across the three pillars. The impact areas are defined based on internationally recognized standards and definitions, including the SDGs.|
In order to perform impact management, it is necessary to understand two things; on the one hand what the status of ‘needs’ is vis a vis different topics (impact areas), and on the other hand, how one’s activities and/or assets may be positively and/or negatively associated with the different impact areas.
The Impact Mappings build on the Impact Radar to make it operational. The Sector Mappings chart the economic sectors and activities of the International Standard Industrial Classification (ISIC) to the 22 impact areas of the Impact Radar, while the Needs Mappings consider the status of needs vis a vis the 22 impact areas.
The impact mappings were produced as part of the UNEP FI Tools for holistic impact analysis, in which they are embedded. However, they can also be used independently as input to other processes, methodologies and tools.
The mappings are based on internationally recognized standards and research and have benefitted from early trialling and refinement as part of the on-going development process of the UNEP FI Impact Analysis Tools. An open and on-going review process is intended to ensure that the mappings are of maximum accuracy and hence value to all users.
|The Sector Mappings are a set of resources which consider the positive and negative impacts of business sectors and activities on the three pillars of sustainable development, as per the 22 impact areas of the UNEP FI Impact Radar. They include:
|Download the Sector Mappings||
* ISIC+ is the ISIC Rev4 list with a number of additions made by over time by successive UNEP FI Impact Analysis Working Groups.
|The Needs Mappings provide a collection of resources tracking relevant topics and indicators at global and country level for the different impact areas (as per the UNEP FI Impact Radar), as well as a scoring scale to determine and compare the levels of need across different topics. They also include needs data and scores for a number of countries based on the work of users of the UNEP FI Impact Analysis Tools to-date.|
|The resources contained in the Mappings were compiled by the UNEP FI Secretariat and the members of successive Impact Analysis Working Groups over time, based on their ability to capture the different impact areas, the credibility of the source organisation, their scope, their on-going availability.|
The Indicator Library builds on the Impact Mappings to provide a compilation of impact-related indicators and metrics. This resource was developed thanks to the facilitation and technical support of the Impact Management Project.
|The Indicator Library includes the following sources:
The indicators and related attributes are mapped to the ISIC+ sectors and the 22 impact areas of the UNEP FI Impact Radar.
Frequently Asked Questions
Why aren’t the impact areas and the SDGs one and the same thing?
Many impact areas and SDGs are the same: food, housing, climate, to name but a few. Some SDGs are impact areas while others are systems; they are a collection of several impact areas – sustainable cities for instance. Other SDGs are akin to indicators of other SDGs; thus poverty is in many ways an indicator of ‘reduced inequalities’ and ‘decent work’. In other cases an impact area is spread over more than one SDG, such as biodiversity and ecosystems, which is reflected in life below water and life on land. For the purpose of impact analysis it is important that impact areas be specific and distinguishable from each other, hence the existence of the Impact Radar, even if it is based on and covers all the SDGs.
Which sector classification is used in the sector-impact mapping?
The sector mappings are based on the UN International Standard Industrial Classification of All Economic Activities (ISIC). ISIC forms the basis from which national industry classification codes have been derived. Correspondence tables between ISIC and most national industry classification codes are available. An automated code converter between ISIC, NACE, NAICS and ANZIC has been developed by the Frankfurt School of Management and can be accessed here.
How are country needs mapped?
Country needs are mapped using international data and statistics produced by multilateral organisations such as the UN, World Bank or the OECD. Such resources have been identified for each of the impact areas in the Impact Radar. Each country’s data is considered and its level of need vis a vis each impact area is ranked accordingly: low, moderate, high or very high.
What are the use cases of the Radar and the Mappings?
- The impact areas of the Impact Radar and the Mappings are an integral part of the PII Impact Analysis Tools.
- The Radar and Mappings can also be used independently of the PII tools, as input to other processes, methodologies and tools.