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ANALYTICS

Applying cutting-edge technology,  impactvise monitors thousands of data points against a set of legal industry specific criteria to offer a dynamic snapshot of an LSP/firm’s ESG performance.

Using a proprietary rubric that reflects the World Economic Forum’s (WEF) core metrics of governance, planet, people, and prosperity, and a firm’s ESG transparency, our platform:

  • Objectively assesses and compares LSPs on their ESG initiatives, commitments, and performance-based on owned-website data, media publications, and other publicly available materials

  • Maps firm’s performance against impactvise’s proprietary framework to clearly benchmark against other LSPs in the space

  • Removes the guesswork involved for law firms determining which voluntary standards to apply by providing a legal industry-specific standard

  • Allows corporate clients and other interested parties to find the most appropriate legal representation to fit their organization’s values and priorities

 

In line with the call for consistent sustainability reporting standards generally, and for the legal industry, specifically, impactvise has adapted the WEF metrics to reflect the most useful and materially relevant for those within and across the legal sector. Our aim is to establish an objective way to track, benchmark, build stakeholder alignment for, and eventually action ESG goals within the legal profession.

 

For more information on our platform please contact analytics@impactvise.com.

ACADEMY

In partnership with INSEAD, impactvise offers certified training geared towards legal service professionals that are keen to both understand and lead ESG initiatives. Today’s legal advisors must provide informed counsel that meets the demands of 21st-century society and stakeholder capitalism - advice must go beyond mere technical compliance with existing laws and regulations to consider stakeholder impact, evolving societal expectations, and the landscape of the future. This course encourages modern legal professionals to see themselves as positive actors for sustainability, bridging professional influence, creativity, and opportunity with a personal ambition to advance ‘acting for impact’ and sustainability in law and business

 

While not technical legal training, the course emphasizes knowledge and certification for those actioning sustainability internally at their organisation. Most specifically, this course benefits:

 

  • Legal professionals at law firms, who can better position themselves as credible advisors, securing their social license to operate as well as new business and competitive advantages; and 

  • General Counsels and in-house legal departments, who can more effectively shape their company’s ESG agenda and align core strategy to advance their company’s purpose and aims. 

 

The initial/inaugural program will commence in January 2022.

 

Download the official impactvise/INSEAD flyer, here.

Alternatively, you may contact academy@impactvise.com to speak with someone directly.

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Advisory sets out a three-step approach to help companies through their ESG transformation:

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ADVISORY

impactvise Advisory, in collaboration with sustainability experts Ampersand Partners, is designed to support LSPs in strengthening their ESG initiatives and positioning. Taking over the insights from Analytics, the Advisory establishes the baseline for ESG performance, sets the agenda and ambitions, identifies the gaps, and develops a roadmap for improving the sustainability positioning. Furthermore, to maximize the returns of the LSP’s investment in ESG positioning, Advisory can support execution and targeted communication to stakeholders.

The team will be hosting introductory workshops (60-90 mins sessions) for firms and organisations wanting to know more about impactvise and our Advisory service. The agenda of the workshop will be:

 

  • Introduction to impactvise

  • Fundamentals - insights from impactvise research and analysis

  • Advisory Methodology - a snapshot of how Advisory supports the ESG transformation journey of legal service providers through a targeted, high impact support approach 

  • Team, Structure, and Process

 

Workshops will begin in September 2021.


Please contact us at advisory@impactvise.com to register your interest in the workshop, and we will get back to you to schedule the session as per your convenience.

 
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impactvise utilizes Machine Learning and NLP techniques to rate an LSP's ESG positioning and action

Machine Learning

Deep learning algorithms are used to retrieve topics and analyze vast amount of texts, mapping it to the relevant classes. We do the heavy lifting work for you.

Real-Time Updates

Stop relying on rarely updated data. impactvise provides (near) real-time updates of its ESG data, driven by news monitoring and web crawling.

NLP

impactvise’s sophisticated algorithms recognize the topics, positive or negative sentients, and the objectivity or subjectivity of a specific text.

Risk Management Tools

Use our tool to stay on top of new information and developing risks or controversies. Track and monitor the LSPs you are working with.

High-Quality Data

We provide top-quality ESG data for legal firms and teams to track their performance and progress their goals. We provide corporate professionals the same informatioon so they may check the ESG performance of firms they may hire.

Improve your ESG reputation

We provide general insight into all data scores, giving your firm valuable information on what topics/where and how you can improve your scores.

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After carefully reviewing the available standards and frameworks for ESG and sustainability, we identified relevant themes based on the World Economic Forum ("WEF") framework, and tailored these metrics for the legal market with an eye towards transparency and impact.

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the impactvise label reflects three pillars:

Pillar I

ESG metrics (based on the World Economic Forum/ International Business Council metrics) tailored to legal market

Pillar II

Transparency: commitment to and reporting according to a recognized standard (e.g. WEF, SDG, UN Global Compact, etc.)

Pillar III

Impact: measured by Pro-bono, LSPs’ ESG practice and related skills and thought leadership

The output of this process is a points evaluation systems that will determine the impactvise label, which provides the basis for easy and accessible comparisons of ESG performance across firms.