Original alignment date: 2012
Standardized social performance metrics to help communicate the impact generated by Community Development Banking Institutions (CDBIs).
The National Community Investment Fund (NCIF), a U.S.-focused nonprofit private equity fund that invests in community development banking institutions (CDBIs), developed a methodology and set of standardized social performance metrics to help communicate the impact generated by CDBIs. The Social Performance Metrics (SPM) are a quantitative and qualitative set of metrics to evaluate the social performance of banks and have become the standard within the U.S. community banking sector. In an effort to standardize taxonomy, measurement and possible rating, NCIF has harmonized its data collection efforts with specific IRIS metrics. The aim is to help provide consistency in reporting across the industry for Community Development Banking Institutions (CDBIs) and hence assist investors, regulators, and other stakeholders to use this data in an effective way. In addition, these tools can be used by the banks themselves to benchmark their social performance to strengthen the sector.