Event Organizers Sector Supplement - Global Reporting Initiative

IP
&
EOSS
EO
Indicator Protocols Set: EC
EO1 Direct economic impacts and value
creation as a result of sustainability
initiatives.
1. Relevance
Sustainability initiatives can have a positive and negative
economic impact on an organization. They also have the
potential to create additional economic value.
The financial implications of sustainability initiatives are of
interest for many event stakeholders. The business case for
sustainability initiatives includes returns on investment such
as resource cost savings, increased brand value, competitive
advantage and additional revenues. Budgetary savings can
result from resource conservation, reduced consumption
or reductions in waste volumes, resulting in direct benefits
for the event and the organization’s financial performance.
Value creation can be offered to sponsors, organizers,
and other stakeholders through innovative sustainability
communication programs.
Performance in this Indicator may further support the
business case for embedding sustainability initiatives into
ongoing event production and business practice.
Indirect economic impact and value created for the
community or other stakeholders is a positive outcome to
be reported with EC9.
2. Compilation
2.1 Report direct economic impacts on the reporting
organization achieved through sustainability
initiatives, for example:
Event Organizers Sector Supplement
2.2 Report value creation for the reporting
organization, for example:
• Increased amount and scale of sponsorship;
• Increased media reach and impact;
• Enhanced brand value; or
• Product and service innovation.
3. Definitions
Value creation
Additional or increased benefit delivered by an
organization’s activities, including brand value and
employee satisfaction, among others.
4. Documentation
Potential sources of data may include tender
documentation, cost estimates for business as usual
scenarios, quotes, invoices and reports from suppliers
including for environmental services and security,
sponsor and media reports.
5. References
None.
EO
• Energy conservation programs;
• Water conservation programs;
• Responsible printing practices;
• Waste management initiatives;
• Community engagement programs;
• Safety and security programs;
• Sustainable and or responsible sourcing
initiatives and solutions.
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