We have launched the Banking for Impact Working Group!

Scaling up impact measurement in the financial sector

We need to measure what matters

Our global economy remains stalled at a critical juncture. Well-known social and environmental threats have been ignored in favor of a short-sighted economic system. The negative side effects are piling up – runaway climate change, natural resource depletion, increasing inequality, diminishing social safety nets and a widening gap between rich and poor.

The remedy is a more inclusive market economy, one that serves people and the planet, not just shareholders. To help get there the Banking for Impact Working group aims to create a common impact measurement and valuation approach tailored to banks. We are working on a robust, scalable and cost-effective method for the quantification, valuation, attribution and aggregation of impacts for the sector. With support from the financial industry, the goal is to scale up and standardize these efforts over time.

A four-pronged approach tailored to the financial sector

Impact must be included as a driver of economic profit and factors like job creation, climate change, quality of life, and human rights must be considered. To capture the full scope of impact along the value chain, Banking for Impact proposes a tailored fourpronged approach to create meaningful impact
measurement and valuation (IMV). This includes four critical elements:

  1. Quantification
  2. Valuation
  3. Attribution
  4. Aggregation

The Banking for Impact Working Group

Tjeerd Krumpelman

Global head of advisory, reporting & engagement

Kristina Øgaard

First Vice President, Head of Sustainability Strategy & Governance

Mikkel Larsen

Managing Director, Chief Sustainability Officer

Angela Wiebeck

Head of UBS, Society Program Office

Rob Zochowski

Program Director, Multi-Faculty Impact Investing and Sustainability Special Projects

Adrian de Groot Ruiz

Executive Director, Impact Institute


Enough Talk, Let's Build Something Together