IMPACT PRINCIPLES VERIFICATION SERVICE
Phenix Capital Group provides independent verification to assess how well a fund manager's Impact Measurement and Management (IMM) systems, policies, processes, and tools align with an industry standard: the Operating Principles for Impact Management, also known as the Impact Principles.
The Impact Principles offer a framework to guide investors in designing and implementing their IMM systems, integrating impact considerations throughout the entire impact investment lifecycle. The principles are applicable to all types of impact investors, regardless of portfolio size, asset class, targeted sector, or geographic focus.
The graphic below showcases the nine Impact Principles. Principles 1 through 8 establish the foundation for a robust IMM system. Principle 9 requires signatories to the Impact Principles to undergo independent verification on a regular basis.
OUR METHODOLOGY AND ASSESSMENT SCALE
We use a proprietary rubric to assess how well a fund manager aligns with each Impact Principle. This rubric is developed by referencing the Impact Principles guidance, incorporating global best practices in the IMM field, and leveraging Phenix's 11-year experience as an impact investing advisory firm. We use a three-scale rating for the verification.
Our verification process involves a five-phase approach, including a thorough review of documents, discussions with the fund manager, and rigorous internal deliberations.
