Value of expenditures incurred by the organization as a result of performing its normal business operations during the reporting period.
This metric is intended to capture the organization’s operating expenses. For financial services organizations, this metric should not include Financial Expenses (FP2553) or provisions for loan losses, which should be reported under Impairment Loss Allowance (FP2392).
This is a submetric of Total Expenses (FP2321), which has 5 other related submetrics.
Metrics identified as "cross-category" are those that are relevant to any IRIS+ Impact Category or Impact Theme (i.e., these metrics are not specific to any particular industry/category or theme).
June 2022 - IRIS v5.3 Released (current version)
Immaterial change. Minor revision to usage guidance for clarity.
January 2020 - IRIS v5.1 Released
No change.
May 2019 - IRIS v5.0 Released
No change.
March 2016 - IRIS v4.0 Released
No change.
March 2014 - IRIS v3.0 Released
Immaterial change. Minor revision to metric name and definition language for clarity.
November 2011 - IRIS v2.2 Released
No change.
February 2011 - IRIS v2.1 Released
No change.
September 2010 - IRIS v2.0 Released
Immaterial change. Operating Expense (FP1001) replaced Operating Expenses (OPEX) (F4). IRIS ID and metric name changed due to framework upgrade. Minor revisions to definition language for clarity.
September 2009 - IRIS v1.0 Released
New metric. Operating Expenses (OPEX) (F4) was developed via the Original IRIS Working Group.
IRIS Metrics Work Better in Sets
To use IRIS metrics—and the resulting data—to understand impact performance, IRIS metrics should be used and analyzed in generally accepted sets and according to well-defined objectives. IRIS+ gives you access to generally accepted Core Metrics Sets aligned to common Impact Themes and Sustainable Development Goals (SDGs).
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