The Good Economy is an idea whose time has come. We witness this through growing activity in the fields of sustainable development, social entrepreneurship and impact investment.
The Good Economy is a humane model of capitalism focused on tackling global development challenges, including poverty and rising inequality.
The Good Economy requires businesses and investors to collaborate with government, communities and civil society to ensure that good education, good jobs, good housing and good health care are accessible to all – nobody is left out or left behind.
The Good Economy thrives on high dynamism and wide inclusion. Innovation, creativity and entrepreneurism pervade all aspects of economic life.
Our work is based on fusing rigorous research, empirical observation and practical real-world experience.
We are collaborative and open-minded, breaking down silos and facilitating partnerships across the private, public and social sectors.
We are good listeners; requiring a combination of emotional and rational sensibilities, enabling us to be heard and trusted in both the boardroom and local communities.
We help clients to maximise their social purpose and unlock greater social value through their business and investment strategies.
The Good Economy offers a range of services to help clients integrate considerations about real-world impact into investment and business decision-making. We work with clients to help maximise their net positive impacts on people and planet.
We approach impact measurement and management (IMM) as a means to an end – to drive learning and enhance impact. For TGE, IMM is about strategy, organisation and culture rather than a technocratic task of data reporting.
We work with our clients to develop turnkey solutions spanning the full Impact Measurement and Management (IMM) cycle. Our aim is to help build our client’s capacity to integrate impact management considerations into their existing processes. Typical IMM systems would include developing clear impact objectives, “theories of change”, stakeholders maps, performance metrics, data collection plans, impact screening and due diligence processes.
Where a client is considering investing in a project, TGE is able to carry out an independent social due diligence. This process enables us to review the potential for positive impact, as well as the impact risks that may need to be mitigated against. TGE’s process relies on our ability to be an ‘honest’ broker. Our due diligence work typically includes site visits and in-depth, structured interviews with key stakeholders. Our due diligence reports provide clients with TGE’s opinion about the potential of a scheme or project to deliver sustainable impact. These reports can be used in internal decision-making.
The Good Economy works with clients to review their overall approach to IMM, including existing strategies, processes and systems. We provide an independent assessment of the alignment between impact strategy and its implementation – alongside recommendations for improvement against industry good practice.
We offer a formal verification exercise to demonstrate compliance with the IFC Operating Principles for Impact Management, which demonstrates whether an investor is an authentic ‘impact investor’. This is based on a set of transparent verification criteria to meet the requirement for signatories to have the alignment of its impact management systems with the principles independently verified.
We help organisational leaders develop strategies to increase their societal impact:
Our impact services are used by a diverse range of investor and business clients seeking to achieve societal impact including:
Development finance institutions
Mainstream asset managers
Private equity firms
Specialist impact investors
Social enterprises and non-profit organisations
For-profit social businesses