Theory of Change

The transformation we seek

Our Theory of Change explains how we intend to drive and multiply the impact of the ecosystem we serve.

It defines the logic that connects our actions with the changes we want to see in the environment. It is the strategic framework that guides our decisions, allowing us to prioritise initiatives and align efforts coherently. At Eraldatu, the Theory of Change is not just theory; it is the compass that identifies the precise actions that today build the legacy we want to leave in the long term.

Eraldatu was created with the aim of promoting social impact to the point of making it a pillar of the economic system, working side by side with the various agents in each territory.

To achieve this, we rely on a team of organisations and individuals with complementary profiles, expert collaborators, a broad network of contacts, and a partnership with the university that provides academic rigour and the capacity to generate knowledge.

Our impact strategy is deployed along two main lines

The first line, Raising Awareness, seeks to ensure that all agents in the ecosystem understand what impact is and recognise its value, both for society and for their own activity.

The second line, Multiply, goes a step further: it focuses on equipping agents so that they know how to actively contribute to the ‘impact revolution’.

Both strategies seek to generate a tangible impact across six groups.

For entrepreneurs, this means helping them become aware of their impact potential, building their capacity to measure it and develop sustainable business plans, which in the long term translates into a sense of purpose and access to new sources of funding.

For companies, it enables them to define their impact purpose and measure it beyond ESG, leading over time to greater talent attraction, stronger positive impact and territorial engagement. Funders discover their multiplier potential and learn to assess the impact of their investments, opening the door to impact funds and a greater number of companies in which to invest. The third sector is becoming more professional in impact measurement, gaining resilience, financial autonomy and the ability to attract qualified talent.

Society, and young people in particular, are aware of impact companies in their environment and acquire basic knowledge, enabling them to orient their professional careers towards this field. Finally, public administrations are becoming aware of the importance of the impact economy, and are beginning to incorporate impact criteria into their instruments, moving towards specific taxation and better access to European funds.