There is a growing need for impact investors to contribute towards convergence around a globally accepted system for impact reporting. Harmonization will not only provide clarity on the impact the private sector is having on the SDGs in emerging markets, but also help unlock finance and mobilize action to the places that need it most. It will assist the just transition toward a climate-neutral economy and help address the socio-economic impact of the transition.

Furthermore, emerging economies face enormous pressure to reduce emissions while developing their economies. Unfortunately – with very few exceptions - the private sector is not sufficiently engaged in carbon accounting or signing up to net zero and they do not have the tools to do so.

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The JIM foundation aims to fill this gap through the Joint Impact Model (JIM). The JIM is a web-based tool which enables the reporting and assessment of systemic impact indicators such as jobs, contribution to GDP, and greenhouse gas emissions related to investments of financial institutions.

Established in May of 2022, the JIM Foundation manages the JIM and creates credible oversight for its development. Specifically, the JIM Foundation aims to help financial institutions to:

1. Measure impact and gain credibility from investors as the JIM will continue to align to globally accepted standards and best practices including actors in emerging and developing markets.

2. Reduce build and maintenance costs of impact reporting as indicators begin to align across institutions.

3. Build strategic capacity on making impactful Investments. With the tool, clients can benchmark their performance by comparing their impact outputs across geographies and sectors, and by leveraging the tool insights to shape and make impact investing actionable