Toniic is a global network of impact investors, both individuals and institutions, focused on funding and nurturing early-stage social enterprises. In order to create a shared framework for its members to use when collecting and reporting their impact performance, Toniic identified a set of five core “cross-portfolio” IRIS metrics and an additional set of “sector-specific” IRIS metrics that it recommends its members use.
The Toniic Institute established these recommendations based on analyses of investments made by the members. For more detail on the alignment, specifically the rationale for inclusion of each metric, download the PDF on the Toniic user registry page.
In addition to proposing the use of these metrics, the Toniic Institute authored an E-Guide for its members and others looking to understand some of the challenges and opportunities associated with the practice of impact measurement. The E-guide also provides an overview of Toniic members experiences using the GIIRS rating as part of their impact measurement processes. The E-guide can be accessed here and the metrics below.
As with all IRIS metrics, it is important to state that interpretation of these metrics must also take into account other aspects of a company's context, and changes over time. Stand alone numbers cannot by themselves indicate positive or negative performance, or necessarily be compared across companies or products.
Number of unique individuals who were clients of the organization during the reporting period.
Measure the level of activity and the number of beneficiaries of the enterprise’s operations.
Number of full-time equivalent employees working for enterprises financed or supported by the organization at the beginning…
Monitor the relative size of the enterprise; growth in services; cost efficiencies. Depending on enterprise, demonstrates job growth for low-income populations.
Value of the organization's net profit, calculated as total income minus total expenses, taxes, and cost of goods sold during…
The enterprise’s bottom line; useful in monitoring the level of philanthropic support over time.
Value of funds invested in the organization (both loans and investments) during the reporting period.
Monitor the level of activity in attracting new capital and investment to the enterprise, essential for growth and expansion.
Value of the revenue from sales of the organization's products/services during the reporting period.
Monitor the financial well being of the enterprise and relative level of activity; estimate marginal costs. Indicative of the health of the organization and the social impact that it creates.
Area of land that has been reforested by the organization during the reporting period.
Effective interest rate (EIR) for the most representative loan product of the organization during the reporting period.
Amount of energy generated and sold to offtaker(s) during the reporting period.
Value of wages (including bonuses, excluding benefits) paid to all full-time employees of the organization during the reporting…
Small and Growing Business
Amount of reductions in greenhouse gas (GHG) emissions over the lifetime of products sold during the reporting period.
Area of land directly controlled by the organization and under sustainable cultivation or sustainable stewardship. Report…
Percentage of students advancing from one level of schooling to the next.
Amount of the product/service sold by the organization during the reporting period.
Small and Growing Business
Volume of potable water provided and delivered to offtaker(s) during the reporting period.
Healthcare and Water