ALLIANCEs IN action RESULTS

The alliance's primary goal is to develop a common language and framework for measuring social and environmental performance of impact investments. This initiative aims to bring transparency and credibility to the sector while providing a foundation for additional industry infrastructure. The IRIS taxonomy, version 1.0, was piloted by six organizations with their portfolios. The first release of the IRIS Data Aggregator, a technology platform that compiles data and provides benchmarks and other reporting, was also made available. Over 100 people participated in webinar trainings on IRIS development and adoption. IRIS 2.0 is scheduled for release in the first quarter of 2010, and IRIS adoption programs are planned for later in the year. The alliance's approach focuses on building core infrastructure, such as the IRIS taxonomy, and supporting an Investors' Council of leading impact investors. The GIIN also promotes exemplary impact investments, industry progress, and best practices to attract more private investment capital to the sector. The alliance's efforts aim to stimulate investment into impact enterprises and funds. The IRIS taxonomy is designed to provide a common language and framework for measuring social and environmental performance of impact investments. The taxonomy is expected to facilitate the sharing of knowledge and co-investment among impact investors, thereby reducing inefficiency and fragmentation in the industry. The development of the IRIS taxonomy and the IRIS Data Aggregator are key components of the alliance's efforts to establish a robust and transparent impact investing ecosystem. The alliance's work is supported by partner contributions of $3,250,000. The IRIS Alliance's efforts are part of a broader initiative to address the challenges of impact investing, including the need for a common language and framework for measuring social and environmental performance. The alliance's work is expected to have a significant impact on the development of the impact investing industry and the ability of investors to generate financial returns while also creating social and environmental value.