During the initial workshop held on September 26th and 27th, 2023 in Athens, participants received foundational knowledge regarding the significance and complexities of IMM, particularly within ethical finance operations. The session also provided information on recent advancements from both European and methodological standpoints. This training builds upon previous content, continuing from where the initial workshop concluded. The primary aim is to enable ethical finance providers to craft actionable impact theses from their mission statements. 

For this purpose, the second workshop will start with a short recap on IMM and its current context. Furthermore, it will illustrate the concept of impact from an ethical finance provider’s perspective. We will also recap on the roots and mission statement of your organization by giving an overview on the key questions to be answered for an IMM framework: What resources are you investing – financially and non-financially? Who are the ‘donors’? What financial instruments do you use? What regions, areas, themes, organisations, etc. are the focus of your activities? Which beneficiaries do you want to reach with your offer? This will be the compass for all your activities as ethical finance provider, and nurtures the further elaboration of the theory of change… 

The core segment of the workshop will comprise a guided exercise where organizations will be assisted in translating their organizational missions into impact theses, essential for the development of an effective IMM system.The indicators definition/selection and data collection will be based on a further elaboration of the theory of change and on other available sources that might be of inspiration. The activities of ethical finance provider address societal and environmental challenges, so the workshop will focus on defining concrete outputs and outcomes at the macro level (environment/society), meso level (organisations that receive direct support from the finance provider) and micro level (beneficiaries and other societal stakeholders).

The whole logic of the elaborated theory of change and indicators are the backbone for IMM, as this guides further steps in data collection, data analysis and monitoring, evaluation, reporting… Therefore, the workshop will provide insight into how ethical finance providers can get organized around the practise of IMM, including the selection process of organisations, the timing and concrete tools or methods (to get started with or further elaborate the existing) data collection, depending on the available resources.

Following the session, participants will receive access to presentation materials and templates to support their ongoing efforts.