Reporting
KPMG survey16 of CEOs reported that 80% of Global Fortune 250 companies now release corporate responsibility data, a figured that has doubled since 2005. CEOs, employees, customers and, increasingly, shareholders are demanding transparent sustainability reporting from
corporations, governments and associations. With this continual increase
in sustainability reporting it is only natural that sustainable event reporting
will increase. Already it is becoming standard for large events such as the
Olympics, World Cup and big UN conferences to create an event sustainability report. A number of large organisations have produced sustainable event reports including Microsoft, MPI, The United States Green Building Council, the European Wind Energy Association and Oracle.
Advanced sustainable event management practitioners can review the
Global Reporting Initiative (GRI) for guidance on reporting event results. The Global Reporting Initiative is an international NGO and collaborating centre of the United Nations Environment Program that has, over the last ten years, developed the world’s most widely used framework for voluntary sustainability reporting. It is utilised by 78% of the largest 250 companies in the world (G250) and thousands of other organisations.
Part 1 – Reporting Principles and Guidance
• Principles to define report content: Materiality, Stakeholder Inclusiveness, Sustainability Context and Completeness.
• Principles to define report quality: Balance, Comparability, Accuracy, Timeliness, Reliability and Clarity.
• Guidance on how to set the report boundary: What to include and not to include in the report.
Part 2 – Standard Disclosures
• Strategy and profile.
• Management approach.
• Economic, environmental and social performance indicators .
The new
GRI event sector supplement due for release in 2012 will provide more specific guidance and performance indicators for event organisers and suppliers.
Organisations leading in sustainability reporting are focusing on creating one integrated report that combines both financial, social and environmental information. This approach brings greater benefits to the organisation and stakeholders by:
• Providing greater clarity about relationships and commitments
• Helping managers to see issues in an interconnected system and to make better decisions
• Deepening decisions with all stakeholders
• Lowering reputational risk
External Verification and Certification
For events with the goal of communicating the sustainability initiative with integrity, an investment in the external review of the event management system is appropriate and beneficial. Working with qualified third parties adds integrity to claims of sustainability commitments. Successful efforts to meet sustainable event certification criteria can bring significant marketing value and can help increase attendance by elevating the profile of events. Although legitimate sustainability standards, such as BS8901, offer the potential to self-certify, the resulting claim of compliance lacks weight as compared to certification from a qualified third party. In addition, external experts can add value to the sustainable event planning methods by discovering weaknesses and opportunities for system
improvement.
With BS8901 and, in the future ISO20121, an independent, accredited auditor will have the task for validating three main things:
• That the management system conforms to the standard.
• That the system is properly implemented, maintained and documented.
• That the system is effective is delivering against the events sustainability policy, objectives, targets and principles.
In section
‘3 Stakeholder Engagement’ the CSMP explains how to organise
teams to provide input and guidance for the development of the event strategy. These same teams can be used to review the governance function of the event management system. In some large events such as the 2012 Olympics, London, the management system is not audited by a third party conventional auditor, but assured by a second party advisory committee consisting of NGOs, business leaders and political leaders.
Sustainability and the future of the meetings industry