Logic models. The gap that remains in the impact ecosystem is to actively include civil society organizations (CSO), nongovernmental organizations (NGO) and nonprofit organizations (NPO). Nanako Kudo summarizes, “We felt it was important to first build support with mainstream financial institutions to bring more capital into the impact investing ecosystem. We didn’t include civil society organizations. We will do so now.” 51 Katsuji Imata, president of SIMI and CEO of Blue Marble Japan, knows firsthand the value of civil society in the IMM or evaluation process. Imata is seasoned in systems evaluation and is part of the global Blue Marble Evaluation network. This is a global network of evaluators working in the space of global systems transformation. 52 Named after the image of what the world looks like from space, it emphasizes the need to consider the entire system of the world when undertaking IMM and Monitoring, Evaluation and Learning (MEL). Figure C is an illustration of Blue Marble’s systems thinking and it is the framework used in the Oxford Impact Investing Programme to help executives understand the interconnectedness of investors within a human security system. Each of these investors and stakeholders represented in the circles has their own definition of impact and own approach to IMM, and they offer potential knowledge sharing and collaborative capital when tapped. They are united by the human security needs of individuals to thrive and survive. At the center of the system are the people whose lives are being impacted by the individual and collective in the system. They bear the consequences of positive and negative impact—yet their voices and involvement are often unheard by investors. Figure C: See the System, Not the Silo 53
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Ten Years in the Making
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