PRISM

PRISM is an impact fund performance assessment platform developed by Intellecap, dedicated to increasing the scale and effectiveness of impact investment by bringing clarity, transparency and action-ability to performance measurement, analysis and ratings. The intent is to create a common language for impact investing funds in India. By leveraging IRIS metrics, PRISM reinforces the relevance of a global measurements standards. 

PRISM stands for Portfolio, Risk, Impact, and Sustainability Measurement, and is built by integrating the fund's performance with the performance of each portfolio company, then calibrating that impact against the context in which the impact is acheived. Fund Performance is measured by the Fund Sustainability, Intent, and Contribution Score (FSIC Score), and the performance of portfolio companies is measured by the Portfolio IMpact Assessment Score (PIA Score). 

Context is created by calibrating those two scores against impact potential (i.e. "what is" vs. "what could be") in a given sector, geography, or relationship. In particular, PRISM considers the potential impact in a given geographical area, the potential impact given the financial instrument used, and the potential for impact at the stage of investment in a portfolio company. 

The table below documents the set of IRIS metrics that are included in the PRISM assessment for organizations operating in developed and emerging markets.

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.

Overall Fund Level Metrics

IRIS Metrics recommended for reporting within the PRISM tool on general fund information.

Beneficiary Metrics

IRIS Metrics recommended for reporting within the PRISM tool on beneficiaries.

Overall Investee Level Metrics

IRIS Metrics recommended for reporting within the PRISM tool on general investee information including governance policies.

Agriculture Metrics

IRIS Metrics recommended for reporting within the PRISM tool on agriculture.

Affordable Housing Metrics

IRIS Metrics recommended for reporting within the PRISM tool on affordable housing

Education Metrics

IRIS Metrics recommended for reporting within the PRISM tool on education

Health Metrics

IRIS Metrics recommended for reporting within the PRISM tool on health.

Microfinance Metrics

IRIS Metrics recommended for reporting within the PRISM tool for MFIs and other financial service providers

Clean Energy Metrics

IRIS Metrics recommended for reporting within the PRISM tool on clean energy.

Water and Sanitation Metrics

IRIS Metrics recommended for reporting within the PRISM tool on water and sanitation.