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The view of Sport sector towards ISO20121
andYOUR Investment in Sustainability
Return on HEADING
November 2013

HERE
10.05.2011
Aim of the Project
• Measure the financial benefits/ ROI to
organisations who have either:
o implemented ISO20121;
o taken steps towards ISO20121; or
o adopted any alternative sustainability strategy
Methodology
• Information collected from 8 participants
• Survey followed by 1-to-1 Interview
• Categories of sporting event venues:
o a ‘one off sporting event’
o multi use venues
o venues used predominately for sport or
largely associated with one sport / brand
Definitions
• ‘Sustainability strategy’ refers to an
organisational process or group of initiatives
that aim to enhance social welfare or reduce
environmental impacts
• ‘Return on investment’ refers to the financial
benefits derived from a sustainability initiative
for a particular period compared with cost of
implementing the measure
Key Drivers
The Key Drivers for Implementing a Sustainability Strategy
100
90
80

Percentage (%)

70
60
50
40
30
20
10
0
Cost Reduction

Reputational Enhancement

Management of Environmental Impacts
Benefits
What Benefits has your Organisation Experienced as a Result of its
Sustainability Strategy?
100

Percentage (%)

80

60

40

20

0
Reduced Costs

Enhanced Brand Image

Improved Stakeholder
Engagement

Improved Supply Chain Improved Understanding of
Management
Legal Compliance Issues
Barriers
What are the Barriers to Advancing Sustainability in your
Organisation?
100

Percentage (%)

80

60

40

20

0
Lack of Budget

Lack of Senior Support

Lack of Stakeholder
Pressure

Difficulty Demonstrating
Value of Sustainability

Lack of Understanding on
where Sustainability fits
into Broader Strategy
Technical data
Technicals
100

Percentage (%)

80

60

40

20

0
Dedicated Budget for
Sustainability

Dedicated Full-Time Employee to
Sustainability

Sustainability Considered
Minimum Bi-Annually at Board
Level

Sustainability Report Produced
Some Observations
• The drivers for multi use venues are stronger
than for predominantly sport venues due to
greater competitive pressure and lower brand
loyalty
• Focus across the board is largely on the
environment; lack of initiatives on
sustainability strategy, partly due to difficulty
in measuring ROI and demonstrating value
Where is the Value?
• Cost reduction from resource management-for
example Millenium Stadium savings of £217000
from removing water heaters
• Stakeholder engagement, particularly in terms of
employee ownership/staff retention, stakeholder
loyalty & attracting new customers
• Legal compliance and better supply chain
management were notable benefits resulting
from adopting a sustainability strategy
London 2012 Olympics
• Reaffirmed the marketing value of
sustainability leadership and opportunity for
reputation enhancement
• Controversial credentials but by and large put
sustainability on the map for sporting sector
• ISO20121 important part of its
legacy, potential for it to become a
prerequisite of sporting event contracts
ISO20121
• Beginning to proliferate – over half the
participants were either accredited or in the
process of implementing the standard
• International recognition is attractive but not
necessarily associated with sustainability
leadership
• Serves to give a clearer idea of how
sustainability fits within an organisation’s
broader strategy
Get involved!
• Please contact me:colleen.theron@cltenvirolaw.com
• Or +44(0)7714979936 if you want to get
involved in a broader study on this
www.clt-envirolaw.com

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Sport Sector Study on the Return on Investment on Sustainability Strategies

  • 1. The view of Sport sector towards ISO20121 andYOUR Investment in Sustainability Return on HEADING November 2013 HERE 10.05.2011
  • 2. Aim of the Project • Measure the financial benefits/ ROI to organisations who have either: o implemented ISO20121; o taken steps towards ISO20121; or o adopted any alternative sustainability strategy
  • 3. Methodology • Information collected from 8 participants • Survey followed by 1-to-1 Interview • Categories of sporting event venues: o a ‘one off sporting event’ o multi use venues o venues used predominately for sport or largely associated with one sport / brand
  • 4. Definitions • ‘Sustainability strategy’ refers to an organisational process or group of initiatives that aim to enhance social welfare or reduce environmental impacts • ‘Return on investment’ refers to the financial benefits derived from a sustainability initiative for a particular period compared with cost of implementing the measure
  • 5. Key Drivers The Key Drivers for Implementing a Sustainability Strategy 100 90 80 Percentage (%) 70 60 50 40 30 20 10 0 Cost Reduction Reputational Enhancement Management of Environmental Impacts
  • 6. Benefits What Benefits has your Organisation Experienced as a Result of its Sustainability Strategy? 100 Percentage (%) 80 60 40 20 0 Reduced Costs Enhanced Brand Image Improved Stakeholder Engagement Improved Supply Chain Improved Understanding of Management Legal Compliance Issues
  • 7. Barriers What are the Barriers to Advancing Sustainability in your Organisation? 100 Percentage (%) 80 60 40 20 0 Lack of Budget Lack of Senior Support Lack of Stakeholder Pressure Difficulty Demonstrating Value of Sustainability Lack of Understanding on where Sustainability fits into Broader Strategy
  • 8. Technical data Technicals 100 Percentage (%) 80 60 40 20 0 Dedicated Budget for Sustainability Dedicated Full-Time Employee to Sustainability Sustainability Considered Minimum Bi-Annually at Board Level Sustainability Report Produced
  • 9. Some Observations • The drivers for multi use venues are stronger than for predominantly sport venues due to greater competitive pressure and lower brand loyalty • Focus across the board is largely on the environment; lack of initiatives on sustainability strategy, partly due to difficulty in measuring ROI and demonstrating value
  • 10. Where is the Value? • Cost reduction from resource management-for example Millenium Stadium savings of £217000 from removing water heaters • Stakeholder engagement, particularly in terms of employee ownership/staff retention, stakeholder loyalty & attracting new customers • Legal compliance and better supply chain management were notable benefits resulting from adopting a sustainability strategy
  • 11. London 2012 Olympics • Reaffirmed the marketing value of sustainability leadership and opportunity for reputation enhancement • Controversial credentials but by and large put sustainability on the map for sporting sector • ISO20121 important part of its legacy, potential for it to become a prerequisite of sporting event contracts
  • 12. ISO20121 • Beginning to proliferate – over half the participants were either accredited or in the process of implementing the standard • International recognition is attractive but not necessarily associated with sustainability leadership • Serves to give a clearer idea of how sustainability fits within an organisation’s broader strategy
  • 13. Get involved! • Please contact me:colleen.theron@cltenvirolaw.com • Or +44(0)7714979936 if you want to get involved in a broader study on this

Editor's Notes

  1. Aim of the investigation was to identify financial benefits and measure ROI to a range of venues hosting sporting events. Although some participants offfered figures and an estimation of savings for aspects of their sustainability strategy, namey their efforts in energy management, its not proven possible to put together an accurate and comprehensive percentage figure which reflects the real value
  2. For many venues it was simply ‘doing the right thing’
  3. Main focus has been environmental aspects of – ROI figures
  4. Lack of being able to show a financial return on investment in social initiatives. This may simply be just because there is not enough understanding on how to create dashboards to measure return.
  5. Real difference between the venues used for multiple purposes and the venues which are generally associated with a single sport and brand – they tend to be slower to change as they face lower competitive and stakeholder pressures – and so the multi use venues are looking like the leaders in the field – irrespective of having ISO or not