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event ESG

Introducing subscriptions for efficient event ESG

October 22, 2024/in event:decision

What value a subscription in effective event ESG?

For many organisations, efficiently managing and reporting on environmental, social, and governance (ESG) factors within their events portfolio can be a bit of a headache.

Track (carbon) and Impact (ESG), offer effective solutions to help businesses meet these responsibilities. With the introduction of subscriptions for both, these market-leading event ESG tools are more accessible and cost-effective than ever.

Whether you’re looking to streamline event ESG reporting, drive cost savings, or benefit from exclusive value-add services, subscribing to Track and Impact offers multiple advantages that exceed the traditional event-by-event model.

With more venues, agencies and corporates moving towards subscriptions to demonstrate sustainable event outcomes, how could this new approach offer long-term benefits for your event strategy?

Membership recognition and exclusive benefits

With event:decision’s new subscription model comes the opportunity to gain official membership recognition. Subscribers to Track and Impact receive badged memberships, a unique mark that distinguishes leaders in ESG event management.

Membership provides not only recognition however, but also credibility, giving a competitive edge in RFPs by demonstrating a commitment to sustainability.

Higher membership levels also grants exclusive access to the Accelerator Group, a strategic forum where senior event sustainability leaders share insights, strategies, and trend with event:decision’s guidance. This membership, available to top-tier subscribers, grants collaboration with experts and key decision-makers across the entire event sector.

Through quarterly calls and an annual in-person summit, members have the opportunity to discuss everything from global trends in event sustainability to strategic challenges and opportunities. It’s not just a tool — it’s a community.

Significant cost savings

One of the primary motivations behind subscriptions is the opportunity for cost savings, especially for businesses with frequent event ESG needs. By opting for a subscription to either Track, Impact, or both, organisations can save significantly over time compared to purchasing services on a one-off basis.

For Track, the subscription model works via a credit system (in a very similar way to platforms like iStock or Adobe), where a bundle of credits can be redeemed against Track reports or the time needed to create these reports. The more credits purchased, the greater value received. A tiered approach allows businesses to efficiently manage their ESG reporting needs over multiple events, with the flexibility to scale as their event portfolio grows.

For Impact, the subscription model is even more straightforward: the more Reviews purchased, the lower the cost-per-Review. This scaling benefit means that, as you assess the sustainability impact of more events, overall spend per event decreases, making it a more efficient and cost-effective solution in the long term.

Subscribers to Impact also receive a valuable bonus: a free re-review for each event. This ensures that, if an event’s sustainability factors change — for example, due to new data or last-minute changes in execution — the initial review can be updated at no additional cost, keeping your reporting accurate and current and demonstrating how events can become more sustainable through the planning process.

Value-add services: more than just a product

Subscribers to Track and Impact also gain access to a suite of additional services and features not available to one-off purchasers. These value-add services provide extra layers of functionality and support, making the subscription model a smart investment for organisations seeking more robust and comprehensive event ESG solutions.

The Accelerator Group (above) is a standout feature for top-tier subscribers. As a member of this group, your organisation’s senior team will have direct access to quarterly calls and an annual in-person summit, alongside other top-tier clients. These sessions focus on strategic insights across the global sustainability landscape, breaking down region-specific adoption of ESG tools and processes, as well as the wider political and macro-economic influences affecting event sustainability. From the latest ESG data trends to macro-level challenges and opportunities, these sessions provide a platform to inform your strategy and keep your organisation at the forefront of the industry.

By participating in this exclusive community, your team will gain first-hand insights from leading experts and peers, helping you navigate the ever-changing landscape of event sustainability. It’s an opportunity not only to learn but to contribute to the future of ESG in events at a strategic level.

Flexibility to continue with event-by-event purchases

While the subscription model offers numerous benefits, we know that flexibility is key. That’s why both Track and Impact are still available for purchase on an event-by-event basis.

This means that organisations with less frequent event needs can still access these valuable tools without committing to a subscription. However, for organisations that host regular events or require continuous event ESG reporting, the subscription model is without doubt a more cost-effective and value-driven approach.

Demand from global organisations has driven the development of subscription options, recognising as they do that that ongoing access to event ESG tools provides better long-term value. Subscriptions now allow these businesses to plan more effectively, control costs, and have the flexibility to adjust as their event portfolios evolve.

Aligning with industry trends and corporate responsibility

The introduction of subscriptions for Track and Impact is also aligned with broader industry trends. In recent years, the appetite for sustainability tools and processes has grown exponentially, particularly within the event management, brand experience, audio-visual, and expo sectors. Organisations are under increasing pressure to not only implement sustainability practices but also to demonstrate measurable event ESG performance.

With growing regulatory demands and a heightened focus on environmental and social responsibility, having the tools to measure and report on your event’s sustainability has never been more crucial. event:decision’s tools, delivered via the subscription model, offer an efficient way for organisations to stay ahead of these trends and ensure compliance with ESG expectations.

Subscribing is the smart choice

The introduction of subscriptions for Track and Impact is a direct response to the growing demand from clients, particularly large global organisations, seeking more efficient, cost-effective, and value-driven solutions for their event sustainability needs.

Whether your focus is on environmental data, social impact, or governance, event:decision’s subscription model ensures you have the tools and support to drive positive change in the events industry. The case for subscribing is clear: better value, better insights, and a better future for event sustainability.

For more information about how event:decision can support all your sustainability and ESG goals, please get in touch.

https://eventdecision.com/wp-content/uploads/2024/10/event-decision-subscriptions.png 768 1024 eventdec https://eventdecision.com/wp-content/uploads/2022/07/mainlogo-ed.png eventdec2024-10-22 14:01:192024-10-25 06:17:54Introducing subscriptions for efficient event ESG

Showtime! It’s sustainability show season…

October 8, 2024/in event:decision, Track

It’s that time of year, autumn leaves bring sustainability show season to London

As the event industry leans further into a more sustainable future, the final quarter of the year brings with it a series of unmissable exhibitions and conferences focused on event sustainability. This time of year, which we’re dubbing ‘sustainability show season’, is the time for everyone across the industry to come together and exchange ideas and innovations that will lead to more responsible events.

Two upcoming events stand out for us, and we’re pleased to be playing a significant role at both. Here’s our look at what’s coming up.

The Sustainable Events Show

The Sustainable Events Show, on 31st October 2024 at Chicago Booth Conference Centre London, is a must-attend for anyone working in the events industry. With a focus on reducing the environmental impact of events and enhancing social responsibility, the show provides a space for industry leaders to connect, collaborate, and explore new strategies for making events more sustainable.

event:decision will not only be exhibiting at the show but also showcasing our work as part of The Power 50 UK’s Most Sustainable Agencies, the definitive campaign recognising UK agencies at the forefront of sustainability.

Supported primarily by Encore EMEA and also by Wyboston Lakes Resort, The Power 50 highlights those agencies setting benchmarks in sustainability within the events sector. The Sustainable Events Show will offer a unique face-to-face optimisation clinic for all Power50 MSA entrants. Don’t miss the chance to meet with the P50 MSA team at the show to go over your proposals. Please register for the show independently.

As curators of all content sessions, we are also proud to support the Sustainable Events Show by helping to shape the agenda with a wide range of seminars and workshops all focused event sustainability. CEO Matt Grey will be speaking on “How to deliver a responsible event – Carbon is just the start…”, alongside industry experts in a wide variety of fields.

For anyone looking to improve the sustainability credentials of their agency or event, this show will offer an excellent opportunity to meet with sustainability experts, see cutting-edge solutions, and learn how to incorporate more eco-friendly practices into your operations.

More information on how to enter The Power 50 UK’s Most Sustainable Agencies: Power50

Event Sustainability Live

Event Sustainability Live (ESL), taking place 20th & 21st November at ExCeL, London, another key date in the event sustainability calendar. This event focuses on driving real change within the events industry by showcasing sustainable products, services, and innovations, while offering a full programme of educational sessions and networking opportunities for industry professionals.

event:decision is thrilled to be both exhibiting and speaking at ESL. At 12:40 on Wednesday 20th Matt Grey will be speaking on his “Top ten learnings from three years in event sustainability”. After event:decision’s first three years working for 200+ event brands, Matt will be sharing what the team has learned about event sustainability that everyone can benefit from. From the sudden surge of ‘we’re sustainable’ through to ‘how do we really do this?’ ‘what should we be doing?’ and ‘how can we prove it?’. The event industry has been through a lot in the last few years – this talk from Matt is the perfect chance to learn from it all.

Join us at the shows

London’s event sustainability show season offers a fantastic opportunity for professionals across the events industry to deepen their understanding of sustainability, discover new products and services, and network with event profs on the same journey. At both the Sustainable Events Show and Event Sustainability Live, we’ll be showcasing our products and services and are excited, as always, to be contributing to shaping the conversation around sustainability in the events industry. Our involvement at both shows underscores our commitment to helping event professionals move beyond just talking about sustainability and start taking measurable, impactful action.

Take some time out of your busy work schedule and come and see us at The Sustainable Events Show or Event Sustainability Live – or even both. We look forward to seeing you during sustainability show season!

For more information about how event:decision can support all your sustainability goals, please get in touch.

https://eventdecision.com/wp-content/uploads/2024/10/edshowsblog.png 768 1024 eventdec https://eventdecision.com/wp-content/uploads/2022/07/mainlogo-ed.png eventdec2024-10-08 07:38:352024-10-08 13:01:53Showtime! It’s sustainability show season…

Impact: Responsible Event Review, Event Industry Update

October 4, 2024/in Impact, Third-party Content

Impact Review Q3 2024 event industry sustainability performance update

Oct 2024 in event:decision, Impact

 

The second of event:decision’s 2024 Impact updates on event industry sustainability performance brings you a summary of the state of sustainability.

Who are event:decision?

A team of EventProfs now providing data to over 200 event and agency brands. We provide proof points for responsible planning, by measuring the sustainable performance of your event. Our proprietary tools and services with which we support the industry, are:

  1. Track, event carbon audit & advisory services.
  2. Impact: Responsible Event Reviews provide ESG assessments, benchmarking and certification.
  3. Evolve, association, congress and exhibition sustainability services.

All three widely used by event brands and driven by commercial factors, by legislative demand and, dare we say, a moral imperative to deliver events ‘better’.

 

Industry Performance

The event:decision Impact tool quantifies event sustainability performance by the number of factors within each of Environmental, Social and Governance (ESG) that individual events and planners are actioning.

These statistics are the results of self-assessment by event owners, directors and producers, scoring if <30 factors across ESG are (1) being actioned (2) not being actioned or (3) not applicable to event type.

An audit on each submission is carried out to ensure that responses provided align with the nature of the event being delivered.

Here is where we stand across the event sector on ESG as a whole, from April to October 2024.

 

 

What does this mean?

Environmental factors actioned have fallen very slightly, from 61% actioned, on average, to 56% actioned. This is not a significant* reduction.

Social factors are consistently actioned at a lower level than environmental factors, but show a rise from 31% to 37% actioned, on average. No surprise given the relative youth of serious discussion regarding the social benefit of events in many areas of the event industry.

Governance (event organising processes) ranks the highest, as befits a professional industry at 66% at the end of Q3-2024.

 

Focus

We highlight some of the most noticeable factors, by virtue of being well-covered by planners, or the opposite of such, as defined by Impact: Responsible Event Reviews:

Environmental factors

  • Over 80% of planners state that they are reporting the carbon emissions related to their events. This appears high given data reported by major carbon calculators, potentially as users of Impact: Responsible Event Reviews demonstrate an appetite for sustainability inherent in their planning.
  • 3/4 planners consider F&B menus from an environmental perspective, demonstrating an awareness that menu-choices are a factor over which there is direct control.

Social factors

  • Diversity, Equity and Inclusion within an event is a factor considered by more planners than any other social factor.
  • Fewer than 1 in 4 planners are consciously measure the economic impact to the local area when planning an event.

Governance factors

  • Ensuring that event supply chain has relevant insurance cover is a top priority for planners in planning governance.
  • Being able to provide event-related emissions data to ESG analysts under environmental reporting regimes, both active and incoming, is a factor under consideration by only 4 in 10 planners.

 

How do we improve both Environmental and Social metrics?

Take a look at the ESG metrics under assessment within the event:decision Impact tool.

You can do so with no commitment or financial charge, simply by Creating A Profile on event:decision. After all, our aim is to support the transition of the event industry toward a more sustainable future.

There are other resources available, both free and paid, including the UN SDGs and an updated ISO for event planners in 2024-5. To understand and benchmark your own events, event:decision provides proof points for responsible planning, by measuring your event sustainability performance.

For more details about both Track (carbon) reporting, Impact (ESG) Assessments and Evolve (Exhibition and Association events) get in touch.

*(Significance at the 95% level for given SD and n)

 

 

https://eventdecision.com/wp-content/uploads/2024/10/1.png 768 1024 Matt Grey https://eventdecision.com/wp-content/uploads/2022/07/mainlogo-ed.png Matt Grey2024-10-04 07:45:132024-10-21 11:32:53Impact: Responsible Event Review, Event Industry Update

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