GIIN Impact Benchmark Targets Agriculture

Following the introduction of its impact performance benchmark for financial services last year, the Global Impact Investing Network (GIIN) has now developed an impact performance benchmark for the agriculture sector. Available through the GIIN’s IRIS+ platform, the pilot benchmark was co-developed with 16 agriculture-focused impact investors and aims to help investors measure their impact investment performance against both their peers and the UN Sustainable Development Goals (SDGs). The benchmark outlines a number of KPIs, such as changes in a farmer’s income. The new benchmark currently includes nearly 1,200 annualised investments. Dean Hand, Chief Research Officer at the GIIN, said: “For investors, benchmarking impact performance against their peers, prior periods, or the scale of the social and environmental challenge represents a seismic shift in their toolkit. By doing so, they gain a better understanding of their own performance and are better equipped to manage it effectively. Through benchmarking, investors can quickly identify what strong performance looks like and direct their capital towards more effective solutions.”   

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