Qatalyst helps governments, impact investors, foundations and businesses define, measure and verify the social, economic and environmental impact of their investments and programs. Its work applies standards such as IRIS+, the SDGs and ESG, and includes impact visualizations for Arctic Inspiration Prize laureate projects.

Whether you are managing government investments, private investment funds, or are a social entrepreneur, you need a structure and a process to measure and manage your finances. You also need a structure to measure and manage the impact your funds or activities have on people and planet

Our Service

We serve four distinct market segments:

  • All levels of government (national, regional, local and Indigenous)
  • Impact investors, funds and community development agencies
  • Foundations, trusts non-profits and venture philanthropists
  • Private sector

What is common across the four market segments is that each makes investments and other expenditures with intent generating positive impacts, each wants to better understand the impact of their investments, programs and expenditures and each wants to feed that knowledge back into strengthening their strategies, and improving program design and execution. Within each segment, we work with clients to define the impacts to be measured, determine how we are going to measure those impacts, and then collect, compile, analyze and/or validate impact data and assess the opportunities for improvement. The way in which we do that and the relative emphasis we place on different aspects varies across the four segments.

Our team members have extensive experience in the development of KPIs tailored to our client needs and trained in the incorporation of standards and guidelines including government evaluation policies and standards related to SDG Impact, IRIS+, PRI, Impact Principles and ESG.

Our Approach

We continue to broaden our range of services to enable us to not only track the impacts of our client’s investment, programs and services but also prepare strategies for improvement and, when needed, assisting clients to implement those strategies. We work with organizations at the individual investment level, at the program or portfolio level, or at the organizational level. Our core IMM services include:

  • Developing theories of change, KPIs, impact framework and tracking systems and tools for collecting reliable data and information
  • Conducting impact assessments. We work closely with our clients to craft approaches that can produce solid evidence and meaningful analysis about the impacts under review.
  • Enhancing strategies and execution. Most impact assessments focus expenditures that were made in the past. However, the real value of such reviews lies in their ability to inform future decision-making and future strategies.
  • Impact Verification and System Review. Some organizations have developed IMM methodologies and hire us to review their processes and assess the reliability of the data that they have compiled. Based on the results, we can verify the results, comment on the effectiveness of their approach, and identify opportunities for improvement.
  • Tool, database and dashboard development. We can design, develop or adapt online tools, surveys, databases and APIs to facilitate collection, compilation, analysis and reporting of data.

Clients include

  • Alberta Innovates logo
  • First Nations Health Authority logo
  • Government of British Columbia logo
  • Government of Canada logo

Frequently asked questions

What is impact measurement and management (IMM)?

Impact measurement and management (IMM) is the practice of identifying the effects an investment or program has on people and the planet, measuring them, and using the results to make better decisions. Measurement alone looks back, while management feeds the findings into strategy and program design. Qatalyst works with clients to define the impacts to measure, decide how to measure them, collect and validate the data, and identify ways to increase impact.

What is a theory of change?

A theory of change explains how and why a program's activities are expected to lead to its intended outcomes, step by step, along with the assumptions behind each step. A logic model is a simpler, often visual version of the same idea. Qatalyst develops theories of change, KPIs, impact frameworks and tracking systems. For Alberta Innovates' Smart Agriculture and Food Program, it developed a Pathways to Impact Model. Read the case study.

What standards are used in impact measurement?

Common impact measurement standards include IRIS+ from the Global Impact Investing Network, the UN Sustainable Development Goals (SDGs) and SDG Impact standards, the Principles for Responsible Investment (PRI), the Operating Principles for Impact Management, and environmental, social and governance (ESG) frameworks. Public programs also follow government evaluation policies. Qatalyst's team members are trained in applying these standards and develop KPIs tailored to each client.

What is impact verification?

Impact verification is an independent review of how an organization measures its impact and whether the data it reports is reliable. Some organizations build their own IMM methods and hire Qatalyst to review their processes and data. Based on that review, Qatalyst can verify the reported results, comment on how well the approach works and identify opportunities to improve it, at the level of a single investment, a program or portfolio, or the whole organization.

Who uses impact measurement and management services?

IMM services are used by organizations that spend money intending to create positive impact. Qatalyst serves four groups: national, regional, local and Indigenous governments; impact investors, funds and community development agencies; foundations, trusts, non-profits and venture philanthropists; and the private sector. For the Arctic Inspiration Prize, Qatalyst produced impact visualizations for six laureate projects using Indigenous ways of knowing. Read the case study.

How Can We Help?

Tell us about your investments, programs or activities, or send us a request for proposal (RFP). We will let you know how our services can work for you and provide you with a quote.

Contact Us