What is an impact project?

An impact project, often referred to as a social or environmental impact project, refers to an initiative specifically designed to generate a measurable positive change in society or the environment. These projects are generally focused on solving social or environmental problems and aim to create a significant and lasting impact.

All these projects either do not generate financial returns (and are eligible for grants, philanthropy...) or generate financial revenues - which may exceed the financial revenues of traditional projects - (and are eligible for loans or investment), but in all cases, they are considered "impact" projects from the moment they do more than merely offset negative externalities through a CSR or ESG approach, instead directly generating a positive balance natively, due to their business model.

The AGILE tool, created by the Geneva Foundation for the Future, in particular makes it possible to audit and assess what an impact project really has under the hood, in a very easy and simple way, on a daily basis.

You can read the White Paper published on this subject by the Foundation, however, here are some key characteristics of an impact project:

Clear goal of positive change: An impact project sets a specific goal aimed at improving a social or environmental condition. For example, reducing plastic pollution, improving access to education, or increasing youth employment.

Measurement of impact: Impact projects are designed to be measurable. This means they use specific indicators to evaluate their success in terms of social or environmental change. For example, the number of tons of plastic waste collected, the school success rate of children in a targeted region, or the number of jobs created.

Sustainability: The desired impact is not limited to the short term. Impact projects aim to produce lasting, long-term changes in society or the environment.

Innovative approach: Many impact projects adopt innovative approaches to solve existing problems. This can include using new technologies, alternative business models, or creative partnerships between the private sector, government, and nonprofit organizations. This can even extend to directly empowering citizens, through contributive or participatory formats.

Transparency and accountability: Impact projects often emphasize transparency and accountability in their operations and in communicating the results achieved.

In summary, an impact project is an intentional initiative that aims to catalyze significant positive changes in society or the environment, using measurable and sustainable methods to achieve its goals.

To access all content, log in or create your user account.