Latest publications

Azimut | Fondo Infrastrutture per la Crescita

​The investment fund “Fondo Infrastrutture per la Crescita – ESG” focuses on ESG investments in the social infrastructure field.

Assicurazioni Generali | Ora di Futuro

Ora di Futuro is an educational project aimed at children that involves teachers, families, schools and non-profit networks throughout Italy.

Cesop – The cooperative “Kilowatt”​ in Bologna

The “Serre dei Giardini Margherita” project was chosen as an example of urban regeneration of an abandoned public space and a case study on which to apply and test the validity of the guidelines for measuring the social impact developed.​

PerMicro – Microcredit in Italy

​PerMicro is the first company in Italy to specialise in the supply of credits and microcredit to subjects excluded from traditional credit channels due to insufficient credit history or precarious working positions. Founded in Turin in 2007, PerMicro offers two types of loans: those for families, specifically designed to address urgent and temporary financial needs related to families and individuals’ primary necessity (e.g., housing, health, training, etc.) and those for small enterprises, developed for the individuals who wish to start or sustain a small business and who have a good business idea.

Fondazione Pittini | + Sport a Scuola

+ Sport a Scuola is a project designed by the Pietro Pittini Foundation in collaboration with the University of Udine. To convey values such as team spirit, stimulation of respect, healthy competition, and solidarity, this program focuses on fostering the health and psychophysical well-being of the children of some lower secondary schools in Friuli Venezia Giulia.
Although the Friuli Venezia Giulia is not among the Italian regions with the highest emergency in terms of educational poverty and early school leaving, it is nevertheless characterized by a youth population afflicted with large pockets of social, educational, and psychophysical hardship. For this reason, the Pietro Pittini Foundation has decided to promote an inclusive and usable sports project for all, an educational tool that can transmit positive values to children and prevent bullying behaviours, school dropout as well as improve the life skills and profit of lower secondary school students engaged into the project. ​

Cometa – social, health and educational services

Located in Como, Cometa is an organization founded in 2000 as a network of foster families and has now developed into a broad organisation offering support and a wide range of social, health, and education services to children, their natural families, and foster families. Under the umbrella of Cometa Fondazione, two main entities are actively involved in the project and activities with young students. One is “Il Manto Cooperativa Sociale”, which was created in 2005 to respond to the needs of minors in hardship and at risk of marginalization and school dropout through creating a place of welcome and education for children and their families. The other is Cometa Formazione SCS, which was founded in 2003 to give a concrete opportunity to children who dropped out of school without any job prospects. Cometa’s educational offer is conceived as a path that focuses on the enhancement of work and direct experience (“from doing to knowing) and is developed from the perspective of personal and professional orientation and re-motivation.​

Fondazione Cariplo | ICC for InnovaMusei – Get It!​

The innovation project aimed to encourage innovation and technology transfer in the cultural field, supporting institutions in rethinking their activities and functioning by establishing collaborations with companies active in the cultural and creative sector. ​
The central part of the project was a call for innovators directed to companies and startups active in the cultural and creative sector. These companies could access an entrepreneurial incubation program, carried out by Cariplo Factory, with the support of other realities and sector experts in the cultural, museum, impact, and business sectors. The incubation program aimed to provide tools and methods to strengthen the skills of the ICC’s team members and validate and develop a service-product offer to respond efficiently and effectively to the museums’ needs. After the incubation, cultural and creative companies were invited to take part in the Match-Making Day. During that day, they had the opportunity to present their product-service to potential partners represented by the participating Lombard museums to generate mutual development opportunities. The projects jointly developed were supported by a tender launched by the Lombardy Region to implement pilot projects. ​
TIRESIA had a double role in the project: providing capacity building sessions on impact measurement and social business modeling; measuring the overall impact generated by the project Innovamusei. ​
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“BNL per Telethon” – Social Impact Measurement​

The specific challenge of SEED is to stimulate and support the establishment of four Social Innovation Competence Centers in Italy, Greece, Romania and Slovenia. Researchers, practitioners, policy-makers and civil servants will work together to create public and open infrastructures capable of assisting national European Social Fund (ESF) managerial authorities to better imply the ESF+ funds for the mainstream of SI as a Public Sector Innovation approach to societal challenges.​ The ultimate scope of SEED is to prepare such an environment that related actions in the field of​ social innovation under the next ESF+ programme are established and developed more robustly, and their potential can be fully exploited at a national and european level.​

Legacoop – Sociabilita, social value in regeneration and placemaking.

SociABìliTA’s goal is to relaunch the distinctive role of cooperation in real estate and infrastructure investments aimed at providing Services of General Interest through the recognition of the social value generated.

Unicredit – Road to Social Change

Tiresia is a partner of the project Road to Social Change. The project consists of a training programme for social economy organisations.

SEFEA​ Equity impact investments | Fondo Sì

The investment fund Fondo Sì of SEFEA IMPACT focuses on equity impact investments in various fields ranging from social cooperatives working for the employment of disadvantaged people to renewable energy in Italy. The TIRESIA impact finance team supports the Fund in developing the impact investment strategy and impact measurement and management process, including the design and implementation of KPIs at both strategic and implementation levels. For impact risk management, Tiresia supports the Fund in adopting international ESG risk frameworks to identify and analyse the type and the level of the impact risk exposure for each organisation/project the Fund targets to invest in​.

Equiter Infrastructure II – Infrastrutture Innovazione Impatto​

The investment Fund Equiter Infrastructure II – Infrastrutture, Innovazione, Impatto, managed by Ersel Asset Management SGR S.p.A., focuses on ESG investments in the infrastructure field, in sectors such as renewable energies, sustainable mobility, circular economy, education, and healthcare infrastructures. The TIRESIA impact finance team follows the Fund’s investment process from the structuring phase of the pipeline, supporting the screening of investment opportunities by assessing the ESG impact potential and related ESG risks of each possible deal, engaging with the Fund’s management team managers, and directly meeting potential investees. To systematise the evaluation process of each investment proposal, the TIRESIA team has developed a series of tools specifically for this project, the ESG Questionnaire and the ESG Acid Test, which allows the evaluation of each investment based on the standards promoted by the Global Reporting Initiative (GRI). Once the compatibility of the deals with the Fund’s investment strategy and objectives has been verified, the TIRESIA team is responsible for defining, implementing, and validating the impact measurement and evaluation process, which includes the implementation and the assessment of specific KPIs for each investment operation. ​ ​​

Giovani Connessi – CGM – Con I Bambini​

Social Energy Renovations (SER) project stimulates sustainable renovation in the third sector. SER intends to design, set up, and implement an innovative de-risking financing mechanism that entails financing and technical standardisation, project aggregation, social impact assessment and credit enhancement. Under SER’s financing scheme, an ESCO raises low-cost long-term capital via a financing instrument integrated with a de-risking mechanism. The investment is repaid via long-term service contracts signed between an ESCO and a building owner. As a result of SER, social enterprises gain access to affordable sustainable renovations, coupled with technical assistance, while investors gain access to secure, high impact investments aligned with ESG and impact investment criteria.