Simfoni will identify and report on place-based impact metrics rooted in the lived experience of people by the end of 2025 and incorporate these across 100% of projects.
Simfoni seeks to identify place-based impact metrics based on research into the lived experience of individuals and families living in poverty and existing industry best practices by the end of 2025 and incorporate these across 100% of projects. Our ultimate aim is to promote dignity and equality, skills for the future, wealth creation and employment, and community and social vitality.
Metrics & Targets
By the end of 2022, two white papers will be published to discuss findings across a representative set of communities by population: an initial paper focused on one community and a subsequent one focused on variation across a population. By the end of 2025, a third white paper will explore variation across a representative set of countries that vary by GDP and within, communities by population, or other relevant existing or developed measure of statistically significant variation in group types, goals and/or activities.
What is the Simfoni Profile of each individual in our community?
The Simfoni Profile is a proprietary collection of descriptive key: values continuously updated.
What is the story of each individual in our community?
What were the Critical Events of their lives?
What are the Attributors to Outcomes, past and present?
What are their empowerment systems?
What are the needs and goals of each individual in our community?
What are the ideas of each individual in our community?
What is the level of integrity of each individual in our community?
How well do we understand the life experience of each individual in our community?
What role can Simfoni play in the lives of each individual in our community?
Metrics that are of keen interest are: Debt Capacity, or how much debt a household is estimated to be able to assume as a percentage of household income and the household’s appetite for future debt as quantitative and qualitative measures, which accounts for attitudes toward debt.
In addition, productivity metrics, measured as time from goal set to goal accomplishment, and well-being metrics, such as reported and observed sense of fulfillment, life outlook, and health will be presented.
Recommendations and tracking for accountability measures and metrics of higher education institutions will be developed featuring first-job annual income/tuition and first and second employment tenure by demographic.
Behavior-based “credit worthiness” metrics will also be presented for testing.
Finally, we will develop a community profile, which includes a profile of currently foregone investment opportunities with an emphasis on gender equality, circular economy, and sustainability opportunities. A full version of the report will be made available to Client Communities that have indicated an interest in establishing an Economic Empowerment Fund and a signed Notice to Proceed.
We will incorporate these metrics across 100% of our projects in that community. We will also join or build coalitions that are representative of the community’s United Way, community foundation, community leadership and business authorities, banking sector, major employers, workforce authorities, housing projects, and hospitality industry leaders to catalyze adoption of these metrics by other organizations working in the community.