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IRIS+ and Harmonized Indicators for Private Sector Operations (HIPSO)

Original alignment date: 2013

Updated alignments: 2016, 2020

Metrics that align with those developed by the IFI Working Group on Development Results Indicators Harmonization.

Individual IRIS metrics were mapped with the Harmonized Indicators for Private Sector Operations (HIPSO) developed by the IFI Working Group on Development Results Indicators Harmonization. Overall, these metrics help organizations ask a series of important questions which, together with a deep understanding of the context, provide a more complete picture of social performance.

In 2013, 25 International Finance Institutions (IFIs) signed a memorandum to ease the reporting burden on shared private sector clients and facilitate learning from each other. Together, the organizations created a harmonized set of 38 core indicators for 12 different sectors. The full memorandum and indicators are available for download on the HIPSO website. The governance and evolution of these indicators remains with the IFI Working Group. During the first alignment between IRIS and HIPSO, 15 out of 27 HIPSO indicators (56%) were aligned to IRIS metrics.

In 2016, IRIS and HIPSO updated their alignment. At that point, 19 out of 38 HIPSO indicators were aligned to IRIS metrics (50%). 

In 2018, the GIIN/IRIS became an official observer to the HIPSO Whole Group (now comprising of 27 DFIs).

In 2020, IRIS+ and HIPSO are working closely together with a focus on deepening harmonization. The latest update of the HIPSO-IRIS+ alignment shows 40 out of 44 HIPSO indicators aligned to IRIS+ (91%).