定義 / Definition

一項基於成果並針對企業、基金、發行方、投資者或受益企業如何對永續發展和永續發展目標做出正面貢獻的假設。影響力論可能獨立於策略、商業模型或投資論之外，但最好是與之整合在一起。關於基金，通常基金會就基金本身發展整體影響力論，並為每項投資或個別投資對象發展一個獨立的影響力論。然而，有些投資對象可能已經自行發展影響力論（或改變理論），基金會將其納入預先篩選和盡職調查過程中進行審查。
An outcomes-based hypothesis of how an Enterprise, Fund, Issuer, investment, or Investee is expected to contribute positively to sustainable development and the SDGs. The impact thesis may be separate to, but ideally is integrated into, strategy, business models or investment thesis, as applicable. Relating to Funds, typically the Fund will develop its overall impact thesis with respect to the Fund and then develop an impact thesis for each of its investments or Investees. However, some Investees may have already developed their own impact thesis (or theory of change) that the Fund reviews as part of its pre-screening and due diligence process.

出處 / Source
Theory of Change | IRIS+ System. (n.d.). Retrieved September 26, 2022, from https://iris.thegiin.org/metric/5.2/od6350/