The impact economy has grown exponentially during the past decade due to “impact investing”, which are investments that consider not only financial returns, but also the effect these investments have on society-at-large.
It brings together thousands of people, businesses and investors from around the world, forming a strong community that uses the economy as a force for good.
Impact consumers, businesses and their suppliers participate in this economy and come together on impak, the marketplace dedicated to sustainable consumption. #Unityisstrength
- Businesses are encouraged to incorporate impactful metrics into their business strategy and decision-making.
- Consumers and businesses are rewarded when they spend with impak merchants
Sustainable consumption is thus facilitated and rewarded. impak inspires the citizens and entrepreneurs of tomorrow.
As agents of change, impact businesses place humans and the environment at the heart of their activities.
Creating measurable societal and environmental value while reducing their negative impact and maintaining an economic viability are at the core of Impact businesses.
Impact businesses can be impactful in a variety of ways. Ideally it’s their core purpose. It can also be part of their governance structure or their business model. We want measurable impacts that create a real positive change.
Impact businesses contribute to one or several of the 17 Sustainable Development Goals (SDG) set by the United Nations. They know that reducing inequality and tackling climate change requires a collective effort.
The Profile first presents businesses through their social and environmental impacts.
Users identify businesses and follow them based on:
- Their mission statement,
- The Sustainable Development Goals they target, and
- The metrics used to measure their contribution.
For businesses, the Profile sets them on the impact scale and traces their evolution.
For users, the profile is used to rapidly determine whether or not a business truly shares their values and helps them make purchasing decisions based on the issues that matter most to them.
Our approach encourages businesses to continuously increase their positive social and environmental impacts.
All our businesses either:
Only businesses that Avoid harm with a purpose of creating a positive impact qualify.
Those only - or mostly - motivated by generating profits are excluded. Similarly, businesses that are attempting to solve major societal issues that do not recognize nor reduce their negative impacts and externalities are not part of our ecosystem.
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Our 3-step automated qualification process:
An automated and declarative questionnaire composed of 15 questions.
Identifies the mission statement and the 2 Sustainable Development Goals pursued by the qualified business.
Once approved, the business is visible through its impak Profile.
An in-depth questionnaire, first declarative, then verified by the impak community.
Determines the level of integration of impact within the qualified business.
At this stages, business can reward their customers in impak Coins and receive them as payment.
An impact audit done by an expert.
A deeper analysis of impact measurement.
Once completed, businesses have a greater visibility on impak which improves their contact with impact investors or important buyers.
Our qualifying methodology is based on 2 core elements:
Above all it’s your intention that matters ! We want to understand the level of integration of impact within your business.
Then, the impact effect is of interest to us. We base our analysis on recognized impact assessment criteria, categorised under the 5 following dimensions: