Measurement Indicators and Frameworks

Because JEDI investing can take on so many different guises, depending on one’s asset class, motivation (impact versus mainstream), investment strategy, or fiduciary obligations, there is no one-size-fits-all JEDI framework or methodology.

We have collated a starter list of measurement, management and other indicators to track JEDI Investing progress. In particular, we include the work of IRIS+ who have collated a robust set of indicators around power, risk and justice. Users are encouraged to select those indicators which are most applicable, depending on their stage/asset class/investment themes.

While more specific indicators and success metrics would be helpful, at this stage we acknowledge that the complexity of these concepts makes this impossible. As with all measurement, continued rigour and attention needs to be paid not only to the design of indicators, but the way questions are asked, how data is collected, and other underlying dynamics. 

We have also collated a series of legal factsheets that provide disclosure regulation and requirements in a sample of regions.

Questions by Investment Stage

The following set of questions are meant to guide those working in private capital markets (VC/PE/private debt). It is not meant to be an exhaustive list, but should help to refine your JEDI investing process or provide strategic support to allocators at different stages.

  • Does the investment strategy have an explicit focus on gender and racial/ethnic equality?

    Does the strategy include the ability to implement a gender and JEDI lens?

    How widely/narrowly defined is the JEDI lens? For example, is it focused on workplace equity, leadership, supporting an inclusive value chain, etc?

    How well codified is the JEDI lens into the investment policy and other related documents?

  • Has there been a research process/needs assessment to understand the social context in which investable solutions exist?

    Have local communities, relevant experts and other social justice actors been included in the design process?

    Is the deal flow and pipeline gender and JEDI-inclusive?

    How actively are specific opportunities being sought? (eg underrepresented businesses)

  • Are there screens in the investment process to avoid extractive investments or those that have a history of exploiting communities of colour and economically disadvantaged communities?

    How core is the JEDI lens to the investment process/screening?

    Is the JEDI lens integrated or intentional?

    How well versed is the investment team in assessing opportunities with a gender and JEDI lens?

  • See our Due Diligence database (below) for more comprehensive guidance. Here is a sample list of questions:

    At which levels is JEDI being applied: workplace, leadership, entrepreneurs, value chain, etc?

    How core is the JEDI lens to the investment process/screening?

    Are specific go/no-go decision points centred on meeting minimum gender and JEDI thresholds?

    How well have the needs of impacted communities been considered in the investment decision-making process?

  • How is gender balance and representative participation on investees' teams and boards being valued or considered?

    Is there an action plan that has been agreed upon to cultivate more diverse representation?

    Have specific investment terms been negotiated to incentivise target gender and JEDI outcomes?

    Are there specific policies, reporting requirements, or other action plans set out in side letters?

    Are capital injections tied to meeting gender and JEDI milestones?

  • What support can be offered to fund managers and portfolio companies to improve risk management and create further JEDI impact?

    If you are an investor with a board seat, how is the gender and JEDI strategy being reinforced?

    If a JEDI action plan was mapped out, how is progress being measured or acted upon?

Due Diligence Database

We have collated a compendium of due diligence questions from industry experts such as Due Diligence 2.0, Confluence, TIIP, 2X& IRIS+, ILPA, and Stardust into a database that can be incorporated into the JEDI investment process and customised to your needs. We have based these on gender finance lenses: leadership, governance, value chains, workplace equity and women as investors. We welcome any other questions you have found useful, and will be refining this list into a recommended set of DDQs in future iterations.

A few things to note:

  • Some questions are more applicable to public or private markets investments

  • Some questions apply at the level of asset/fund managers in public markets and potentially portfolio companies

  • The first tab has notes on how to use the sheet

  • The third tab covers questions at the intermediary/investment influencer level (e.g. consultants, advisors, lawyers, incubators, accelerators) who have a pivotal influence on gender and JEDI. They are also proactively advising asset owners on the importance of gender and JEDI outcomes, and overcoming bias in the investment processes.


JEDI Investing Principles

JEDI Investing Principles in Action Guides

In partnership with Triple C Advisory, we’ve created a series of guides for different actor types, across each JEDI Investing pathway. The guides for Levelling Up are below.

Asset Managers

Wealth Managers

Asset Owners

Family Offices and Foundations

Resources

Explore the library here

Case Studies

 What Next?