What is an Impact Framework?
An Impact Framework is a reporting and measurement system that evaluates a business’ social, environmental and economic impact.
Also known as an Environmental, Social & Governance (ESG) frameworks, these systems allow you to embed sustainability and impact into the core of your coliving business models, strategies, KPIs, designs, operations and communities.
These frameworks often support you to align your strategies with impact investors and global sustainability goals, while creating accountability systems amongst your different stakeholders (i.e. community members, staff, wider neighbourhoods, etc.).
Our research shows that embedding ESG (environmental, social, and governance) and social value (social, environmental and economic impact) has many benefits for your business. In addition, it is becoming increasingly important to investors, municipalities, staff and consumers.
However, demonstrating social value and implementing an impact strategy may seem challenging – where do you begin?
To learn more, watch our free recorded webinar now:
How to embed ESG & social value into your shared living business
This webinar is designed to help you to get started on your impact journey, and feel grounded in how to think about ESG & social value in relation to your shared living business. By signing up to access the webinar below, you will also soon get access to an ESG & social value email series, as well as monthly coliving newsletters.
The free 30 minute webinar covers:
- Why ESG & social value is so important now?
- Overview and benefits of ESG & social value
- Different ESG & social value frameworks
- ESG & social value best practices
- Choosing an approach
- Tools & techniques for creating your framework
- Embedding your impact framework
Before the webinar, I felt quite new to the topic of impact in shared living. Afterwards, I felt I could already begin developing an impact strategy for Upside. I appreciated the examples of different impact frameworks and on branding. If you are looking for some guidance on how to embed ESG and social value into your shared living business, I highly suggest joining one of their future workshops,
A very knowledgeable team, with interesting insights on ESG!
Conscious Coliving consists of experts from a wide range of coliving-reated areas, which supports a holistic approach to the topic.
Why have an Impact Framework for Shared Living?
Developing a bespoke Impact Framework can help you achieve the following:
- Support you to integrate sustainability, wellbeing and community into your coliving spaces, business strategies and KPIs
- Report and measure your social, environmental and economic impact (i.e. social value)
- Maintain strong accountability for your residents, staff, shareholders and local stakeholders and ultimately attract aligned investors, staff and consumers
- Facilitate planning approvals and alignment with city / international sustainability standards
- Co-create an industry standard that embeds social value into the core of coliving communities, products and businesses
Your hosts for this ESG & social value webinar
Head of Sustainability & Research
Conscious Coliving
Penny is a co-founder and Head of Research and Sustainability at Conscious Coliving. Since then she has worked with coliving developers on their impact strategies, as well as running workshops and giving presentations on impact strategies and coliving at conferences including the Co-Liv Summit and RE:Connect.
Head of Impact & Innovation
Conscious Coliving
As an entrepreneur, community facilitator and impact strategist, Matt Lesniak works at the cross sections of the community building, impact, placemaking and shared living sectors. Matt supports organisations develop frameworks to measure and report on their economic, environmental and social impact.
