Scroll down below to find out more about the assessment, the methodology behind it, the scoring system and what is the application process.
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Green Impact Assessment (GIA) has been created to empower green startups and small businesses.
We believe that their innovative solutions are at the heart of the Green Transition.
Assess the Green Impact of your solution by answering a series of questions about the practices and outputs of your solution across four key areas:
business model, competitive advantage, innovation capacity, accessibility to stakeholders, and vertical adaptability
each stage of the life cycle framework
water and land pollution, energy usage, CO2 emissions, biodiversity and waste
value and impact on the wider community and stakeholders
It acts as a roadmap to SMEs and Start-ups looking to assess, improve, and understand their product/service’s impact.
The Assessment methodology follows a straightforward yet catered structure, allowing start-ups at all stages in their development as well as SMEs to measure their product/servicea.
The methodology results in a Green Score and identifies where a company is exceeding, falling short, and its future direction.
The methodology framework consists of 4 Key Impact Areas, Awareness Criteria and Risk Criteria.
Information and data are drawn from GHG Protocol, ISO and GRI standards, and the SDGs to assess a company’s business model, product life cycle, and ESG impact.
Our partners at DTU and Reykjavik University have contributed throughout the creation of the methodology.
90% on each aspect of the assessment You have tapped into the ultimate future of our business systems by fully unlocking the potentials of a circular economy. You are providing benefits for the rest of the impact community through your actions of regenerative thinking by regenerating products, services, and income in the process.
75-89% on each aspect of the assessment You are a beacon, setting the green standards for others to follow your lead. You fuel others' positive impacts with your own agenda, are the connector for your network community with your actions, and guide others along their green impact journey.
60-74% overall score
You are leading the marathon that is your business’ journey, achieving a high degree of green impact and championing your impact for others to follow. You have a great awareness of your impact, but have not yet begun identifying vertical adaptability or target setting.
40-59% overall score
You are a seedling at the beginning of your green growth journey, with a huge potential to become a prosperous and commensal tree. Constantly adapting to new green agendas, solutions, trends, and targets as they become known to you. Your green solution presents great potential but has not integrated its intended market.