Standards Development Process & Principles

IRIS+ System

In June 2018, the GIIN launched three working groups to help inform the evolution of IRIS into IRIS+. These working groups represented different types of stakeholders and included: Asset Owners, Asset Managers, and Service Providers. The Working Groups were charged with informing the development of the IRIS+ System which included the revision of the IRIS taxonomy into IRIS+ thematic taxonomy, the development of Core Metrics Sets for six different Investment Themes, and the development of implementation guidance.

At launch in May 2019, over 800 stakeholders had provided feedback to inform the development of IRIS+. All feedback was reviewed on a rolling basis by the Global Impact Investing Network (GIIN) and final recommendations were presented to the standing IRIS+ Advisory Committee. The IRIS+ system was released in 2019 and will be updated on an ongoing basis henceforth through input from regularly convened topical Expert Groups and the materials produced through the Navigating Impact project, public comment periods for newly developed Core Metrics Sets, and feedback on IRIS+ adoption from the IRIS+ Working Group, as well as other formal channels.


Who is in the working groups?

IRIS+ by the numbers