When I worked at The Rise Fund, TPG’s $4B impact investing platform, we developed a way to measure & track social impact.
Here's a short thread on how we did it
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1) We called our framework the Impact Multiple of Money (IMM)
You can think of the IMM like you think of the Multiple of Money for financial returns. Just as an investor may earn a 3x financial return on her investment (3x MoM), she may also earn a 3x impact return (3x IMM)
2) Here's an example:
Dodla Dairy is the 3rd-largest dairy producer in India
Working with Dodla, low-income farmers enter long-term contracts that offer reliable daily purchases of milk. This doubles annual income for Dodla’s 250,000 farmers.