Closing the gap: The comprehensive approach to measure societal impact

The growth of the impact investing market and the corresponding regulatory requirements pushes investors to adopt rigorous approaches to measuring the positive and negative impact of their financial investments. However, enhanced impact measurement approaches are still missing. This paper presents the Comprehensive Impact Measurement (CIM) model, an impact measurement framework that enables investors to measure the positive and negative impact of the corporations they invest in rigorously. This approach allows investors to include impact considerations in their financial decision-making, increases transparency, and informs impact management strategies within corporations.