Steps to get Started as an Impact Rater

The Impaakt Team

7 min Read Time | November 25th 2022

Max saeling C Gx NOLM1g Q unsplash 1

The ultimate guide for new Raters

Have you just finished watching the Certified Impact Rater webinar and are eager to get started? Or perhaps you have just signed up with us and want to know how to rate impact analyses?

We’ve got you covered.

In this article, we will go over the 5 steps to:

  • Understand why impact is the right metric to measure, and why rating is essential.
  • Help you pass the mandatory rater's entry exam to obtain your Rater certification.
  • Become an outstanding Impact Rater.

For each step, you’ll be given the best practices to help you move up the learning curve.

Without further ado, let’s get started.

Step 1: Find out why Rating is Important

  1. Impaakt’s goal is to collectively drive change in the impact that companies have on the planet and society. We do this by providing the information and tools the financial industry, corporations, investors, and consumers need to critically evaluate these companies’ impact.

  2. To assess the impact of companies and hold them accountable, we are relying on a knowledgeable community.

  3. This community reads and rates impact analyses, thereby giving companies an overall Impact Score.


👉 Take your understanding of the impact to the next level by reading the article Step 1: Find out why Rating is Important.

Step 2: Understand Impact when Rating

  1. Understand what an impact is.

  2. Learn to see companies’ impact as part of a chain: the logic model approach, and look at the different dimensions of impact: the what, the how much, and the who.

  3. A company can impact society and the environment through its products & services, internal processes, and philanthropic activities.


👉 More about impact measurement in this article: Step 2: Understand Impact when Rating.

Step 3: Learn how to Rate Impact

  1. To hold companies to account, we let our community rate the environmental and social impacts of companies.

  2. There are two dimensions to impact rating: the value and the severity.

  3. When rating, keep in mind our golden rules.


👉 Step 3: Learn how to Rate Impact is a must-read article before you start rating analyses.

Step 4: Consider the Golden Rules when rating

  1. Only rate the impact discussed in the analysis without taking into consideration other impacts the company may have, remaining unbiased.

  2. Regardless of whether companies mitigate their negative impact, consider the absolute value of the impact, whether it is positive or negative.

  3. You can gauge the severity of the impact by considering the absolute numbers. You can consider the comparisons to its peer-group, whilst taking into account the difference in absolute impact on companies in different industries.


👉 For a more detailed guide on important tips to keep in mind when rating, make sure to read Step 4: Consider the Golden Rules when Rating.

Step 5: Go Beyond Rating

  1. You can contribute by reporting mistakes on published analyses that you may spot while reading and rating.

  2. Companies' bubble graphs are a great tool to explore and use while rating.


👉 To find out how to further contribute to the Impaakt platform, check out the article Step 5: Go Beyond Rating.

Related
Articles

Based on the article you've just read, here are some more we think you'd be interested in.

7 Min read

Step 3: Learn How to Assess Impact

Learn how to rate the environmental and social impact of companies.

6 Min read

SDG Badges

Learn everything about the SDG Badges and how you can get your badges now!

9 Min read

Environmental Impacts From Material Sourcing

Learn how to rate this topic.

10 Min read

Landscape Alterations

Learn how to rate this topic.

11 Min read

Water Pollution

Learn how to rate this topic.

9 Min read

Environmental Solutions

Learn how to rate this topic.

8 Min read

Food Waste

Learn how to rate this topic.

8 Min read

Overconsumption

Learn how to rate this topic.

7 Min read

Product End-of-Life Waste

Learn how to rate this topic.

7 Min read

Operational Waste Production

Learn how to rate this topic.

7 Min read

Core Business Impact (Treating Waste)

Learn how to rate this topic.

7 Min read

Employee Gender Diversity

Learn how to rate this topic.

8 Min read

Community Guidelines

Discover what our Community Guidelines are here at Impaakt.

10 Min read

Step 4: Consider the Golden Rules when Rating

Keep in mind our basic Golden Rules when assessing the impact of companies.

5 Min read

Step 5: Go Beyond Rating

Learn about the report function and companies' advance reports.

6 Min read

Step 2: Understand Impact when Rating

Learn to assess the different dimensions of impact when rating.

5 Min read

Step 1: Find out why Rating is Important

Learn about why you should rate companies' impact.

World Green Background Sustainability small

Let’s take action together

With the right investment companies having a positive impact on the planet are able to flourish. Our community forms part of that mission by measuring their impact.

Join Us