Our Impact Measurement Approach

Island Coastal Economic Trust believes that investment should do more than generate a financial return. It should strengthen the wellbeing of people, communities, and the environment it touches. But to know whether that is actually happening, we need a way to measure it.

What difference are our investments making?

Many organizations track activity: how many applications were received, how many projects were funded. These numbers tell you what an organization did, but not what changed as a result. Our Wellbeing Impact Framework is designed to answer the harder question: what difference are our investments making?

Our Wellbeing Impact Framework, launched in 2024, is that measurement system. It is the first of its kind among regional trusts in British Columbia, and it was built in close collaboration with the Indigenous and business leaders, local government leaders, and provincial appointees who govern the Trust. It gives us, and the communities we serve, a consistent and transparent way to track whether our investments are delivering real, lasting change.

Tiičma Enterprises. Image by Tiičma Enterprises.

Tiičma Enterprises. Image by Tiičma Enterprises.

A Shared Framework Across All Investments

Rather than measuring each project in isolation, our Wellbeing Impact Framework creates a common language for impact that applies across every investment the Trust makes. Whether we are funding a community-owned business start-up, supporting a new cultural initiative, or investing in climate-resilient infrastructure, we measure outcomes through the same four interconnected pillars: Economic Prosperity, Social Empowerment, Climate Resiliency, and Cultural Vitality.

This shared approach means that over time, we can look across our entire portfolio of project investments and understand, in aggregate, how the Trust is strengthening wellbeing across British Columbia’s coastal economy.

Actively engaged in community economic development work, or entering or transitioning into an economic development role.

Working in or for a rural, First Nations, or remote-located community in the Trust’s service region.

What We Measure and Why

Our Wellbeing Impact Framework is built around three levels of measurement. Together, these three levels allow us to move from the broad question of “are our investments strengthening wellbeing?” to a specific, evidence-based answer.

Impacts

Impacts are the four pillars of wellbeing our investments work toward: Economic Prosperity, Social Empowerment, Climate Resiliency, and Cultural Vitality.

Indicators

Indicators are the specific areas within each pillar where we track progress. Each pillar has four indicators, for sixteen indicators in total.

Outcomes

Outcomes are the measurable results we look for within each indicator. Across the full Framework, there are 80 distinct outcomes, giving us a detailed and nuanced picture of how investment is translating into real-world change.

A Working Example


Impact

Social Empowerment

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Indicator

Invest to Create Local Jobs

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Outcome

Created 601 New Jobs

See the Full Picture of Our Impact

Explore the projects, partnerships, and results driving a stronger future for B.C.’s coast.