Latest publications

The way business is done is experiencing a significant transformation. At the heart of this transformation is what many call the Impact Imperative.

Mario Calderini, Director of TIRESIA

TIRESIA is the Research Centre for
Impact Finance and Innovation
of the School of Management of the
Politecnico di Milano

TIRESIA is a research group
operating in these areas

Academic Research

TIRESIA manages an observatory owned by School of Management of Politecnico of Milano in partnership with private, public and non profit organizations. The aim of the observatory is to elaborate original interpretations about the actual dynamics of the ecosystem of social impact finance and social business.

Research in Action

TIRESIA supports hybrid organizations in the financial industry, social economy and public sector in defining their strategic positioning in the impact economy and developing different approaches to embed the objective of generating social value into decision making, management and governance.

Education courses

TIRESIA has a long standing experience in education and training in the issues of social innovation and impact finance from undergraduate to executive and customized courses.

TIRESIA's research activities are focused on four areas

The issue today is not the celebration of sustainability but the defence of the integrity of its meaning. The time has come to choose a generative, transformative, inclusive and, let’s face it, revolutionary sustainability.


Mario Calderini, Director of TIRESIA

Tiresia Impact Insight Series

Through the publishing of position papers, research reports, and articles, the periodic issues will discuss about impact investment, impact measurement, social & sustainable entrepreneurship and social innovation policies.

2.21 Philanthropic foundations and impact investing in Italy: challenges and opportunities

The second publication of the Tiresia Impact Insight Series, developed in collaboration with Assifero (the Italian Association of Foundations and Philanthropic Bodies), examines foundations’ and philanthropic bodies’ current commitment to impact finance, as well as the main challenges and opportunities that this commitment entails. Philanthropic organizations may play a crucial role in the impact investing market as both […]

1.21 How the regulation 2019/2088 meets the social impact measurement practices: a comprehensive framework

This first publication is on the EU SFDR Regulation. It redefines the boundaries of financial actors’ investment approaches to sustainability, aiming at reducing information asymmetries and the risk of greenwashing. Since financial actors consider sustainability under different perspectives, their arising need to report social and environmental impact poses doubts on how to measure social and environmental […]

Tiresia in numbers