The Good Economy and Big Society Capital lead the Equity Investor Impact Reporting Project (EIP), a collaboration of investors and other market participants developing a common impact reporting framework for equity investors in social and affordable housing. The project working group is co-creating a framework and tools to measure, manage and report on the positive impacts of equity investment in social and affordable housing and mitigate any negative impact risks.

The framework allows investments to be assessed according to key social and environmental issues pertinent to the social and affordable housing sector. These include housing affordability, social care provision and the zero carbon agenda.

An initial position paper explored the role of equity in social and affordable housing and seek to create a common language to categorise the various models, and consider their approach to risk, return and impact.

The collaboration will seek to build consensus on a standardised set of impact objectives, impact strategies and reporting metrics. This will inform an impact management ‘Best Practice Guide’, which will be based on the Operating Principles for Impact Management.