Our Impact, and How We Measure It
Seven topics to convey and showcase what the Alliance does, how we measure our progress, and how we impact the world around us
Over the years, we have worked to develop and demonstrate projects to help end plastic waste in the environment and advance towards plastics circularity. However, measuring our collective impact has been challenging, as it requires nurturing individual projects while creating enabling conditions for future replication. It also takes a significant amount of time to generate positive impact in the environment and affected communities.
To inspire action from the public and private sectors, we recognise the need to create trust in the integrity of our generated and projected impacts. This requires transparent reporting and measurement, as well as impacts that can be independently assured against a formal standard.
For the first time, we have developed an Impact Metrics Framework to provide a consistent approach through which we can quantify, track, and report our progress. These metrics are developed to meet standards for independent assurance, such as the ISAE 3000 (Revised), and provide us with a way to continuously improve how we achieve our desired outcomes.
OUR IMPACT
Read more about our impact in the Progress Report 2022, Catalysing Impact
Our Journey to an Impact Metrics Framework
An in-depth analysis conducted by EY demonstrated that no existing reporting framework would capture the impacts we are generating. Existing frameworks were either too specific or too broad. Consequently, we worked with EY to develop a dedicated framework to meaningfully measure our impact.
Read more about our framework development process in our whitepaper.
Our Handbook
Our Impact Metrics will evolve as our organisation matures. Our reporting process, standards, and definitions will continue to improve as we look to create transparency, robustness, integrity, and verifiability of our impact.
To provide a common understanding of the Impact Metrics and ensure data integrity for reporting and assurance, we are sharing our Impact Metrics Handbook. We provide descriptions and definitions for the impact topics and corresponding metrics.
To learn more, download the Handbook below.
