Impact DD — Questionnaire Helper
Kampung Makmur Pig Farm Sdn Bhd
Risk-first follow-up questionnaire generated from the Impact Vision DD checklist, anchored to Founder pitch narrative. Send the Information Request section below to the founder / sponsor as the next DD step.
Checklist coverage FAIL
6%
7 of 122 addressed
High-priority gaps ASK FIRST
55
questions flagged priority=high
Avg evidence level
1.6/5
NESTA Standards of Evidence
Questions to send
115
full information request below
Key risk areas
Categories ranked by severity (count of high-priority gaps, then coverage percentage). These are the areas to interrogate first in the DD call.
Impact thesis & mission
HIGH RISK
0/3 addressed · 0% coverage · 3 high-priority gaps
How much — scale, depth, duration
HIGH RISK
0/5 addressed · 0% coverage · 3 high-priority gaps
Sector — Fintech
HIGH RISK
0/5 addressed · 0% coverage · 3 high-priority gaps
Sector — Health
HIGH RISK
0/5 addressed · 0% coverage · 3 high-priority gaps
Sector — Mining
HIGH RISK
0/3 addressed · 0% coverage · 3 high-priority gaps
Information request (questionnaire to send)
Ordered first by severity, then by the natural DD sequence (Thesis → ToC → What → Who → How-much → Contribution → Risk → Measurement → Governance → Sector → Exit). Each question lists the supporting documents to request alongside the answer.
55 Priority 1 — Ask first
Impact thesis & mission 3
1.IT01What
What is the company's core impact thesis? How does it articulate the social or environmental problem it aims to solve?
Founder response:
2.IT03What
How does the impact thesis align with the fund's investment mandate and impact goals?
Founder response:
3.IT04Contribution
Is the impact embedded in the core business model, or is it peripheral/CSR-adjacent?
Probe further: What percentage of revenue comes from impact-generating products/services?
Attach / ask for:
- Audited or management financial statements
Founder response:
Theory of change 1
4.IT02What
Does the company have a clearly defined theory of change that links its activities to intended outcomes?
Probe further: Can they provide a visual or written theory of change document?
Attach / ask for:
- Theory-of-change diagram or written logic model
Founder response:
What — intended outcomes 3
5.WH01What
What specific outcomes (not just outputs) does the company generate for its stakeholders?
Probe further: Can they distinguish between outputs (units delivered) and outcomes (changes in lives)?
Founder response:
6.WH02What
Are the intended outcomes positive, and have potential negative outcomes been identified?
Founder response:
7.WH04What
Does the company track outcome-level data, or only activity/output metrics?
Attach / ask for:
- Live KPI / metric dashboard export (last 12 months)
Founder response:
Who — stakeholders & beneficiaries 2
8.WO01Who
Who are the primary target stakeholders/beneficiaries, and what are their demographics?
Probe further: What is the geographic distribution of stakeholders?
Founder response:
9.WO02Who
Are the target stakeholders underserved, marginalized, or vulnerable? How is this defined?
Founder response:
How much — scale, depth, duration 3
10.HM01How_Much
How many stakeholders/beneficiaries does the company currently reach (scale)?
Founder response:
11.HM02How_Much
What is the degree of change experienced by stakeholders (depth of impact)?
Founder response:
12.HM05How_Much
Are there quantitative metrics being tracked for scale, depth, and duration?
Attach / ask for:
- Live KPI / metric dashboard export (last 12 months)
Founder response:
Contribution / additionality 1
13.CO01Contribution
Would the outcomes have occurred anyway without this company's intervention (additionality)?
Founder response:
Impact risk 3
14.RI02Risk
What is the execution risk — can the management team deliver the impact as planned?
Founder response:
15.RI03Risk
What external risks could prevent impact from materializing (regulatory, market, political, climate)?
Founder response:
16.RI05Risk
Is there a risk of impact washing — are claims disproportionate to evidence?
Founder response:
Negative impact / do-no-harm 1
17.NI01Risk
Has the company assessed potential negative impacts on people, communities, or the environment?
Founder response:
Measurement & management systems 1
18.MM01—
Does the company have an impact measurement and management (IMM) system in place?
Founder response:
Stakeholder voice 1
19.SV01Who
Does the company have a formal mechanism for stakeholders/beneficiaries to provide feedback?
Attach / ask for:
- Stakeholder survey instrument + anonymised results
Founder response:
Financial sustainability 2
20.FS01—
What is the company's revenue model and path to financial sustainability?
Probe further: What are the unit economics and when does the company expect to break even?
Attach / ask for:
- Audited or management financial statements
- Exit / sustainability plan memo
Founder response:
21.FS02—
Is there tension between impact maximization and financial returns? How is it managed?
Attach / ask for:
- Audited or management financial statements
Founder response:
Team & capability 1
22.TC01—
Does the founding/leadership team have relevant experience in the impact sector?
Probe further: What is their specific domain expertise related to the impact thesis?
Founder response:
Market context 1
23.MC01How_Much
What is the size and characteristics of the target market? Is it growing?
Founder response:
Product / service design 2
24.PD01What
Is the product/service designed with the target stakeholders' needs and constraints in mind?
Probe further: Has the company done user research or pilot testing with the target population?
Founder response:
25.PD02Risk
Are there product safety, data privacy, or customer protection concerns?
Founder response:
Supply chain 1
26.SC02Risk
Are there risks of forced labor, child labor, or exploitative practices in the supply chain?
Founder response:
Sector — Agriculture 1
27.SA01How_Much_Depth
How does the company measure improvement in smallholder farmer incomes or yields?
Founder response:
Sector — Construction 2
28.SCON01What
What green building standards or certifications does the company follow (LEED, BREEAM, EDGE)?
Attach / ask for:
- Certification / accreditation certificate
Founder response:
29.SCON02Who
How does the company address affordable housing needs in its target market?
Founder response:
Sector — Education 2
30.SED01How_Much_Depth
What learning outcome data exists (test scores, competency gains, completion rates)?
Probe further: Has an independent evaluation of learning outcomes been conducted?
Founder response:
31.SED02Who
How does the solution reach underserved learners (low-income, girls, disabled, rural)?
Founder response:
Sector — Energy 2
32.SE01How_Much_Depth
What is the measured CO2e avoided or reduced per unit of product/service?
Founder response:
33.SE02Who
How does the company ensure energy access reaches underserved populations (last-mile, off-grid)?
Founder response:
Sector — Fintech 3
34.SF01Risk
Does the company have an over-indebtedness prevention policy for its borrowers?
Probe further: What credit scoring or affordability checks are in place?
Attach / ask for:
- Formal policy document (e.g. ESG, safeguarding, data-privacy)
Founder response:
35.SF02What
What client protection principles (Smart Campaign / CGAP) does the company follow?
Founder response:
36.SF04What
What is the effective annual interest rate and how does it compare to local alternatives?
Founder response:
Sector — Health 3
37.SH01What
Does the company comply with local health regulations and international quality standards (WHO, ISO 13485)?
Attach / ask for:
- Certification / accreditation certificate
Founder response:
38.SH02Risk
How are patient safety outcomes tracked and adverse events reported?
Founder response:
39.SH03How_Much_Depth
What evidence exists for clinical efficacy or health outcome improvements?
Probe further: Has a clinical study or independent evaluation been conducted?
Founder response:
Sector — Ict 2
40.SICT01Who
How does the solution address the digital divide and ensure equitable access?
Founder response:
41.SICT02Risk
What data privacy, security, and algorithmic fairness measures are in place?
Founder response:
Sector — Manufacturing 2
42.SMAN01Risk
What worker health and safety measures are in place, and what is the injury/incident rate?
Attach / ask for:
- Third-party audit / verification letter
Founder response:
43.SMAN02Risk
How does the company manage supply chain labor standards and prevent forced/child labor?
Attach / ask for:
- Third-party audit / verification letter
Founder response:
Sector — Media 1
44.SMED01Risk
How does the company ensure content accuracy, misinformation prevention, and editorial independence?
Founder response:
Sector — Mining 3
45.SMIN01Who
What community consent and benefit-sharing mechanisms exist (FPIC, royalties)?
Founder response:
46.SMIN02Risk
How are environmental restoration and mine closure plans funded and governed?
Founder response:
47.SMIN03Risk
What water management and pollution prevention measures protect local water sources?
Founder response:
Sector — Professional Services 1
48.SPRO01How_Much_Depth
How does the company measure the downstream impact of its advisory/consulting services?
Founder response:
Sector — Retail 1
49.SRET01What
How does the company ensure ethical sourcing and fair trade across its supply chain?
Founder response:
Sector — Tourism 2
50.STOUR01Contribution
How does tourism revenue benefit local communities rather than extracting value?
Attach / ask for:
- Audited or management financial statements
Founder response:
51.STOUR02Risk
What environmental impact management exists for natural site preservation?
Founder response:
Sector — Transport 2
52.STR01What
What is the fleet's emissions profile, and what decarbonization roadmap exists?
Founder response:
53.STR02Who
How does the solution improve last-mile access for underserved communities?
Founder response:
Sector — Waste Management 2
54.SWM01How_Much_Depth
What waste diversion rate is achieved, and how is it measured?
Attach / ask for:
- Third-party audit / verification letter
Founder response:
55.SWM02Who
How does the company protect informal waste workers' livelihoods and health?
Founder response:
60 Priority 2 — Ask in follow-up
Who — stakeholders & beneficiaries 2
56.WO04Who
How does the company engage with or gather feedback from its stakeholders?
Attach / ask for:
- Stakeholder survey instrument + anonymised results
Founder response:
57.WO05Who
Are there stakeholders who may be negatively affected by the company's activities?
Founder response:
How much — scale, depth, duration 2
58.HM03How_Much
How long do the outcomes last for stakeholders (duration)?
Attach / ask for:
- Exit / sustainability plan memo
Founder response:
59.HM04How_Much
What are the company's growth projections for impact scale over the next 3-5 years?
Founder response:
Contribution / additionality 3
60.CO02Contribution
How does the company's approach compare to existing alternatives or competitors in delivering impact?
Attach / ask for:
- Peer / sector benchmark analysis
Founder response:
61.CO03Contribution
Does the company have any evidence of its contribution (e.g., comparison groups, before/after data)?
Founder response:
62.CO04Contribution
Is the investor's capital itself additional — would the company have raised from non-impact sources?
Founder response:
Impact risk 1
63.RI04Risk
Does the company have impact risk mitigation strategies in place?
Founder response:
Negative impact / do-no-harm 1
64.NI02Risk
Are there populations or ecosystems that could be harmed by the company's activities?
Founder response:
Measurement & management systems 3
65.MM03—
How frequently does the company collect and report impact data?
Founder response:
66.MM04—
Does the company have dedicated staff or resources for impact measurement?
Founder response:
67.MM06—
How does the company use impact data to improve its products, services, or operations?
Attach / ask for:
- Stakeholder survey instrument + anonymised results
Founder response:
Governance & ESG 5
68.GE01—
Does the board or leadership include impact expertise or oversight?
Attach / ask for:
- Board / impact-committee charter and minutes
Founder response:
69.GE02—
What are the company's environmental policies and practices (energy, waste, emissions)?
Attach / ask for:
- Exit / sustainability plan memo
Founder response:
70.GE03—
What are the company's labor practices, employee welfare, and diversity policies?
Founder response:
71.GE04—
Does the company have anti-corruption, ethical conduct, and data privacy policies?
Founder response:
72.GE05—
Are financial incentives (management compensation, bonus structures) linked to impact performance?
Attach / ask for:
- Audited or management financial statements
Founder response:
Stakeholder voice 2
73.SV02Who
Have stakeholders been consulted in the design of the product/service or impact strategy?
Founder response:
74.SV03—
Does the company publish impact results to stakeholders and the public?
Founder response:
Exit & long-run sustainability 3
75.EX01Contribution
Will the impact be sustained if the investor exits? What is the impact exit strategy?
Attach / ask for:
- Exit / sustainability plan memo
Founder response:
76.EX02Risk
Could a future acquirer or investor change the mission or reduce impact?
Founder response:
77.EX03—
Are there legal structures (e.g., B Corp, mission lock) protecting the impact mission?
Founder response:
Financial sustainability 3
78.FS03—
What are the economic assumptions underlying the financial projections?
Attach / ask for:
- Audited or management financial statements
Founder response:
79.FS04—
Does the company depend on grants, subsidies, or concessionary capital? What happens if they end?
Founder response:
80.FS05—
What is the customer acquisition cost and lifetime value? Is the pricing accessible to the target population?
Founder response:
Team & capability 3
81.TC02Who
Does the team include members from or with deep ties to the target community?
Founder response:
82.TC03Risk
Is there a key person risk? What happens if the founder/CEO departs?
Founder response:
83.TC04—
Does the team have capacity to measure and manage impact alongside business operations?
Founder response:
Market context 3
84.MC02Risk
What is the regulatory environment? Are there supportive or restrictive policies?
Attach / ask for:
- Formal policy document (e.g. ESG, safeguarding, data-privacy)
Founder response:
85.MC03Risk
Are there systemic barriers (infrastructure, literacy, connectivity) that could limit impact?
Founder response:
86.MC04Contribution
What is the competitive landscape? Who else serves this population and how?
Attach / ask for:
- Peer / sector benchmark analysis
Founder response:
Product / service design 2
87.PD03Who
Does the company have a responsible pricing strategy that ensures affordability for target users?
Founder response:
88.PD04Who
Is the product/service culturally appropriate for the target population?
Founder response:
Supply chain 2
89.SC01—
Does the company have visibility into its supply chain ESG practices?
Founder response:
90.SC03—
What is the company's environmental footprint from operations (energy, water, waste, emissions)?
Founder response:
Investor alignment 3
91.IA01—
Does the company accept impact-linked covenants, reporting requirements, or side letters?
Founder response:
92.IA02Contribution
What non-financial support (beyond capital) can the investor provide to enhance impact?
Attach / ask for:
- Audited or management financial statements
Founder response:
93.IA03—
How does this investment fit within the fund's portfolio-level impact strategy?
Founder response:
Sector — Agriculture 4
94.SA02What
What sustainable farming practices does the company promote (regenerative, organic, IPM)?
Founder response:
95.SA03Risk
How is climate resilience addressed (drought-tolerant, irrigation, crop insurance)?
Founder response:
96.SA04What
Does the company address food safety and post-harvest loss reduction?
Founder response:
97.SA05Risk
What is the company's land tenure and natural resource impact policy?
Attach / ask for:
- Formal policy document (e.g. ESG, safeguarding, data-privacy)
Founder response:
Sector — Construction 1
98.SCON03Risk
What measures reduce construction waste and embodied carbon in materials?
Founder response:
Sector — Education 3
99.SED03What
What is the company's pedagogical approach and evidence for its effectiveness?
Founder response:
100.SED04Risk
How is digital safety and age-appropriate content ensured for minors?
Founder response:
101.SED05How_Much_Depth
What employment or livelihood outcomes result from the education provided?
Founder response:
Sector — Energy 3
102.SE03Risk
What end-of-life / e-waste management plan exists for hardware (solar panels, batteries)?
Founder response:
103.SE04What
How are energy affordability and payment models designed for low-income customers?
Founder response:
104.SE05How_Much_Depth
What grid reliability or energy quality improvements result from the solution?
Founder response:
Sector — Fintech 2
105.SF03How_Much_Depth
How does the company measure financial health improvement of its clients beyond access?
Attach / ask for:
- Audited or management financial statements
Founder response:
106.SF05Risk
How does the company handle collections and loan defaults to avoid harm?
Founder response:
Sector — Health 2
107.SH04Who
How does the company ensure affordability and equity of access for low-income populations?
Founder response:
108.SH05Risk
How are informed consent and patient data privacy handled?
Founder response:
Sector — Ict 1
109.SICT03Risk
What is the environmental footprint of the ICT infrastructure (data centers, e-waste)?
Founder response:
Sector — Manufacturing 1
110.SMAN03What
What waste reduction, circular economy, or clean production practices are implemented?
Founder response:
Sector — Media 1
111.SMED02Who
What measures promote diverse voices, inclusive representation, and media access?
Founder response:
Sector — Professional Services 1
112.SPRO02Who
What pro bono or reduced-fee services are offered to underserved clients?
Founder response:
Sector — Retail 1
113.SRET02Risk
What product safety and consumer protection measures are in place?
Founder response:
Sector — Transport 1
114.STR03Risk
What road safety and accident prevention measures are in place?
Founder response:
Sector — Waste Management 1
115.SWM03Risk
What pollution and emissions controls exist for waste processing facilities?
Founder response:
Evidence & document gaps
Consolidated list of supporting documents the founder should provide. Each row aggregates all questions that need the same class of evidence, so you can request them in a single email.
| Document / evidence | # questions | Status |
|---|---|---|
| Audited or management financial statements e.g. “Is the impact embedded in the core business model, or is it peripheral/CSR-adjacent?” | 8 | |
| Exit / sustainability plan memo e.g. “What is the company's revenue model and path to financial sustainability?” | 4 | |
| Stakeholder survey instrument + anonymised results e.g. “Does the company have a formal mechanism for stakeholders/beneficiaries to provide feedback?” | 3 | |
| Formal policy document (e.g. ESG, safeguarding, data-privacy) e.g. “Does the company have an over-indebtedness prevention policy for its borrowers?” | 3 | |
| Third-party audit / verification letter e.g. “What worker health and safety measures are in place, and what is the injury/incident rate?” | 3 | |
| Live KPI / metric dashboard export (last 12 months) e.g. “Does the company track outcome-level data, or only activity/output metrics?” | 2 | |
| Certification / accreditation certificate e.g. “What green building standards or certifications does the company follow (LEED, BREEAM, EDGE)?” | 2 | |
| Peer / sector benchmark analysis e.g. “How does the company's approach compare to existing alternatives or competitors in delivering impact?” | 2 | |
| Theory-of-change diagram or written logic model e.g. “Does the company have a clearly defined theory of change that links its activities to intended outcomes?” | 1 | |
| Board / impact-committee charter and minutes e.g. “Does the board or leadership include impact expertise or oversight?” | 1 |
Coverage snapshot
Where the submitted document already answers the checklist. Full category breakdown is further below.
Overall coverage
5.7% of 122 checklist questions addressed · avg evidence level 1.6/5.
Coverage by category
Worst-covered categories with high-priority gaps float to the top.
| Category | Addressed / Total | Coverage | % | High-priority gaps |
|---|---|---|---|---|
| Impact thesis & mission | 0/3 | 0% | 3 | |
| How much — scale, depth, duration | 0/5 | 0% | 3 | |
| Sector — Fintech | 0/5 | 0% | 3 | |
| Sector — Health | 0/5 | 0% | 3 | |
| Sector — Mining | 0/3 | 0% | 3 | |
| Impact risk | 1/5 | 20% | 3 | |
| What — intended outcomes | 1/4 | 25% | 3 | |
| Financial sustainability | 0/5 | 0% | 2 | |
| Product / service design | 0/4 | 0% | 2 | |
| Sector — Construction | 0/3 | 0% | 2 | |
| Sector — Education | 0/5 | 0% | 2 | |
| Sector — Energy | 0/5 | 0% | 2 | |
| Sector — Ict | 0/3 | 0% | 2 | |
| Sector — Manufacturing | 0/3 | 0% | 2 | |
| Sector — Tourism | 0/2 | 0% | 2 | |
| Sector — Transport | 0/3 | 0% | 2 | |
| Sector — Waste Management | 0/3 | 0% | 2 | |
| Who — stakeholders & beneficiaries | 1/5 | 20% | 2 | |
| Theory of change | 0/1 | 0% | 1 | |
| Contribution / additionality | 0/4 | 0% | 1 | |
| Stakeholder voice | 0/3 | 0% | 1 | |
| Team & capability | 0/4 | 0% | 1 | |
| Market context | 0/4 | 0% | 1 | |
| Supply chain | 0/3 | 0% | 1 | |
| Sector — Agriculture | 0/5 | 0% | 1 | |
| Sector — Media | 0/2 | 0% | 1 | |
| Sector — Professional Services | 0/2 | 0% | 1 | |
| Sector — Retail | 0/2 | 0% | 1 | |
| Negative impact / do-no-harm | 1/3 | 33% | 1 | |
| Measurement & management systems | 2/6 | 33% | 1 | |
| Governance & ESG | 0/5 | 0% | — | |
| Exit & long-run sustainability | 0/3 | 0% | — | |
| Investor alignment | 0/3 | 0% | — | |
| SDG alignment | 1/1 | 100% | — |
Questions already addressed (appendix)
Audit-trail of what the auto-matcher picked up, grouped by NESTA evidence level. Inspect if you want to sanity-check any match before approving.
Level 3 2 · Outcome data measured (pre/post, surveys, tracked KPIs)
| Question | Category | Confidence | Keywords |
|---|---|---|---|
| What is the current state of the target stakeholders before the company's intervention (baseline)? | Who — stakeholders & beneficiaries | 30% | baseline |
| What is the evidence risk — how strong is the evidence that the claimed impact actually occurs? | Impact risk | 50% | verified, third-party |
Level 1 5 · Narrative / anecdotal only (self-reported, no data)
| Question | Category | Confidence | Keywords |
|---|---|---|---|
| What specific UN SDGs does the company claim to contribute to, and at the goal or target level? | SDG alignment | 60% | SDG, target |
| How important are these outcomes to the stakeholders experiencing them? | What — intended outcomes | 30% | demand |
| What metrics or indicators does the company currently track? Are they aligned with IRIS+ or other standards? | Measurement & management systems | 43% | IRIS, GRI |
| Has the company engaged third-party evaluators or auditors for impact verification? | Measurement & management systems | 75% | third-party, audit, independent |
| Does the company have a grievance mechanism or way for affected stakeholders to raise concerns? | Negative impact / do-no-harm | 50% | grievance, mechanism |
Evidence level reference
NESTA Standards of Evidence — used to grade every matched question.
| Level | Description |
|---|---|
| 1 | Narrative / anecdotal only (self-reported, no data) |
| 2 | Output data (quantified activities, e.g. # served, # trained) |
| 3 | Outcome data measured (pre/post, surveys, tracked KPIs) |
| 4 | Controlled comparison (quasi-experimental, benchmarks, cohort studies) |
| 5 | Rigorous evaluation (RCT, independent audit, causal attribution) |