Indicates whether the organization assessed social and environmental risks during the reporting period.
Organizations should footnote details on what risks they assessed and how these were addressed. See usage guidance for further information.
This metric is intended to capture whether the organization systematically assesses risks to social and environmental performance. Examples of social risks to footnote, if relevant, include: mission drift, reputational risk, incidents resulting in harm to clients, client exit, employee dissatisfaction, incentives that can lead to negative behaviors among employees, lack of transparency, negative environmental impacts, gender inequalities and/or discrimination, and lack of implementation of policies, among others.
Examples of environmental risks to footnote, if relevant, include: license to operate, reputational risk, incidents resulting in harm to client or the environment (e.g., hazardous waste spills), negative social risks, risks to supply chain sustainability and security, regulatory risk, and climate risk, among others.
Organizations are also encouraged to footnote the frequency with which they assess social and environmental performance risks and whether their risk management procedures reflect social and environmental risk criteria.
Organizations can refer to the Smart Campaign's Client Protection Principles (www.smartcampaign.org) and the indicators in the Green Module of the SPI4 (http://cerise-spi4.squarespace.com/) for further guidance.
Organizations are encouraged to report this metric in conjunction with Social and Environmental Performance Reporting (OI4732) and Social and Environmental Targets (OD4091).
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
New metric. Social and Environmental Performance Risk Assessment (OI9106) was developed via the IRIS Taxonomy 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).