Research
Impact Measurement

We develop rigorous and cost-effective methods to measure the expected and realised impact of investments, so that impact can be priced into capital allocation alongside risk and return.
More than 250 impact frameworks coexist today, and the lack of shared standards pushes many investors back to financial metrics alone. TIL’s answer is the Signature Impact Framework (SIF): rather than attempting to measure every effect of a business, it quantifies the outcomes that matter for its stated purpose, relative to local benchmarks. We call this relative measure the impact delta. The program extends SIF across the IRIS+ impact themes, building for each theme an evidence database drawn from the academic literature on MEASA interventions, with KPIs and probabilities of impact. In parallel, it uses AI to scale the method: language models to extract evidence, an NLP classifier for intervention types and beneficiaries, and an automated calculator of ex-ante impact metrics.
Flagship projects
- Signature Impact Theme Coverage – scaling SIF across IRIS+ impact themes, with one database and one white paper per theme.
- AI-Augmentation of the Signature Impact Framework – standardising and automating impact estimation.
Tools
- Signature Impact Framework – TIL impact measurment methodology
- TIL ImpactX – AI-powered screening platform for evidence-based deal flow in MEASA, currently in invitation-only testing.
Program documents
Papers
- The Signature Impact Framework: an Application to Food Security – Bortolotti, Chen, Ho, Mangat, Tran
- The Signature Impact Framework: an Application to Financial Literacy – Bortolotti, Scheck, Tran, Chen
- Mind the (Investment) Gap: Fostering the Transition from ESG to Impact – Bortolotti
Annual Report articles
- The Signature Impact Framework: TIL’s Approach to Impact Measurement (2023)
- Investing for Social Inclusion (2022)
Insights
- Nature-based Solutions: Fostering Integrity for Meaningful Environmental and Community Benefits – BlueOrchard, Mar 2025
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