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FUTURES

OUR IMPACT

Creating Jobs That Create Opportunities

A job is the best way to overcome poverty, and 9 out of 10 jobs in the developing world are created by small and medium sized companies. By investing in them, they can create jobs that lift people out of poverty. And because we only support sustainable business ideas, they protect the environment and solve social issues, too.

How we keep track

We Count Jobs

We use the Sustainable Development Goals (SDGs) to measure our impact. Our impact logic is simple: We help green start-ups in base-of-pyramid markets grow so that they can create jobs that in turn help people out of poverty. By providing capacity building and business growth support in Africa (SDG 17) and by funding base-of-pyramid businesses (SDG 10) our start-ups provide jobs (SDG 8) especially for women (SDG 5 – Gender Equality) which in turn help end extreme poverty (SDG 1). As shareholders in our portfolio companies, we have direct access to impact data, which we validate regularly through field visits.

Target

Eradicate extreme poverty by 2030, measured as people living on less than $1.25 a day.

What it means: Eliminate severe poverty worldwide by ensuring everyone’s income surpasses $1.25 per day. Impacc’s start-ups create jobs in poverty-stricken areas to contribute to this goal by improving the livelihoods of the household.

How we measure it: We assess progress by tracking livelihood improvements. We count ‘good jobs’ and ‘temporary jobs’ multiply by 4, representing the average number of people depending on one job. 

How we validate it: We have clear data reporting agreements with start-ups, access their financial records, validate ‘good and temporary jobs’ through payroll and labor payment records.

Indicator for Impacc:

Number of livelihoods improved

 

Score:

7112 

Target

Achieve full and productive employment and decent work for all women and men by 2030.

What it means: Ensure quality jobs and equal pay, especially for women, men, young people, and persons with disabilities. Impacc’s start-ups foster the creation of good and temporary jobs. 

How we measure it: Jobs are categorized into ‘good jobs’, and ‘temporary jobs’. We define ‘good jobs’ as direct employment on the company’s payroll or as income-generating roles requiring a minimum commitment (>50%). We also include ‘temporary jobs’, which represent jobs with lower income levels. While all types of jobs are counted in the overall figure, in the annual impact reporting will be a split between these different categories of jobs. 

How we validate it: Similar to Goal 1, we have specific agreements, access financial records, categorize jobs, and validate them through payroll and payment records, backed by operational support.

Indicator for Impacc:

Number of jobs created

 

Score:

1778

Target

Encourage financial support, including foreign direct investment.

What it means: Channel resources to countries facing the most urgent requirements, with a particular focus on those that are least developed, African, island, and landlocked. Impacc actively generates investment flows by directing funds from Europe into African start-ups, with the goal of addressing global inequality and fostering development in regions that require it most. 

How we measure it: For Impacc, this target signifies the intentional redirection of financial resources from more developed regions to regions in need. We ensure transparency through detailed financial operations, meticulously documenting investments, and adhering to tax regulations. We conduct thorough due diligence and create growth milestone plans to guide the investments. 

How we validate it: Our validation process involves aligning our accounting information with the requirements of tax authorities, ensuring financial transparency, and maintaining accurate tracking of investments.

Indicator for Impacc:

Amount of money invested by Impacc

Score:

502.363 €

Target

Enhance capacity-building in developing countries for SDG implementation.

What it means: Strengthening global partnerships to empower developing countries in achieving the Sustainable Development Goals (SDGs), leveraging collaboration among countries from various regions through North-South, South-South, and triangular cooperation. Impacc’s operational model significantly contributes to this goal by both investing in and providing comprehensive business growth support to start-ups in these regions. 

How we measure it: Impacc’s contributions are quantified by tracking salaries, expenses, and the value of pro bono support. We meticulously maintain detailed financial records and ensure partner transparency. This involves capturing the remuneration for our Venture Builders, costs related to employed experts, and the value of services provided through pro bono partnerships. 

How we validate it: Our commitment to this target is validated by ensuring that the figures we disclose align with our accounting records and tax authority requirements. Moreover, we validate the value of pro bono support against prevailing market rates, solidifying the impact of our comprehensive capacity-building efforts on developing countries.

Indicator for Impacc:

Value of business growth support committed to start-ups

Score:

 835.550 €

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