ERA updates KPIs
26 May 2023
The European Rental Association (ERA) has released the Sustainability KPIs 2.0 guidance framework, an update of the ERA CSR KPI Guidance Framework published in 2021.
The new information includes the latest regulatory and legislative developments, a new section on reporting requirements in key EU legislation and information about net zero and science-based targets.
Michel Petitjean, Secretary General of ERA, said: "It was important to update this framework to bring it fully in line with what our members need, as well as to reflect the latest legislative developments that are bringing increasing demands on companies to report on their sustainability performance.
“We now have a comprehensive sustainability KPI tool for rental companies of all sizes to implement a measurement and reporting framework, assess where they currently stand and progress all the way to best practice."
The Guidance Framework was first created following a review of over 17 hire companies operating in Europe and the US. The framework covers People, Health and Safety, Training, Environment, Supply Chain, Anti-Corruption and Bribery, Circularity and Other KPIs and has three main categories covering different levels of involvement, including Minimum/starter, Good practice and Best practice.
The framework includes a description, case study and example calculation for each KPI, as well as a performance checklist, a section on reporting against Sustainable Development Goals and another on reporting compliance with key EU legislation. ERA is also developing an online version of the tool.
The Sustainability KPIs 2.0 guidance framework can be downloaded here.