Corporate Governance

Aspire Circle And Aspire Impact with Capgemini and CSR and Non-Profit Leaders To Launch India’s 1st Independent Standards set for NPOs

Aspire Circle

Aspire Circle to Launch NPOs

Aspire Circle and Aspire Impact teamed up with Capgemini and other CSR & Non-Profit leaders to launch India’s first set of independent standards for non-for-profit organizations (NPOs) in front of over 100 social leaders of India in an effort to further catalyze India’s non-profit sector and provide a framework for standards-based Impact assessment & ratings. In order to improve impact performance, the publication “Impact Assessment Standards for NPOs” offers a framework for NPOs, including philanthropies and CSR units, to measure their impact, secure independent third-party ratings through key performance indices, and make impact comparable across causes and projects. Not only have recent CSR standards required businesses to publish impact evaluations for projects costing more than INR 1 million, but also the upcoming Social.

Over the course of six months, more than 20 business professionals assembled this booklet. In order to achieve the necessary coverage, acceptance, validity, and transparency for a project of this size, it follows coordinated efforts and in-depth study. In order to create a comprehensive NPO project rating, these practitioners, brought together by Aspire, documented 13 impact categories, 41 impact themes, and 130+ KPIs. The framework is built on a 4P impact assessment strategy that considers product, people, planet, and policy in an effort to keep up with modern impact evaluation criteria and cover all the bases.

Aspire Circle and Aspire Impact

Amit Bhatia, founder and CEO of Aspire Impact, Anna Bruni Sabhaney, founder of The Confluencers, Anurag Pratap, vice president and chief social responsibility officer of Capgemini, Apoorva Oza, global lead of the Aga Khan Foundation, Archana Joshi, director of the Deepak Foundation, John Alex, executive director and chief executive officer of Equitas Holdings, Meenakshi Batra, former CEO of Charities Aid Foundation.

“India needs an impact assessment methodology that is founded on standards and makes Impact empirical and comparable,” said Amit Bhatia, the founder and managing trustee of Aspire Circle. We are certain that the Social Stock Exchange, a law requiring impact evaluations for CSR projects costing more than INR 1 crore, and the push for increased openness in the NPO sector will serve as accelerators for the Impact Measurement and Management (IMM) discipline. According to our survey, 67% of non-profit leaders believe current techniques and procedures are useless, while 84% of non-profit leaders find it difficult to quantify effectiveness. The 4P framework and impact assessment standards from Aspire will revolutionise NPO impact assessments.

According to Anurag Pratap, VP & CSR Leader at Capgemini, “it is crucial to quantify the impact of NPOs, not only because it promotes brand trust and transparency, but also because it gives them the chance to demonstrate their true influence on people, communities, and the environment. With it, companies are better able to increase the number of contributors they receive, maintain their financial stability, and enhance their scale, programmes, and reach. Although there are some tools available that assist businesses in measuring particular indices, they are insufficient.