ERA updates sustainability KPIs for equipment rental
By Murray Pollok25 May 2023
The European Rental Association (ERA) has updated its key performance indicators (KPIs) for measuring and reporting on sustainability.
The Sustainability KPIs 2.0 document, which supersedes the ERA CSR KPI Guidance Framework published in 2021, will help the rental industry report on issues including net zero and science-based targets.
The publication includes the latest regulatory and legislative developments, a new section on reporting requirements in key EU legislation, and information on 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 Sustainability KPI Guidance Framework was created in 2021 through a review of more than 17 rental companies in Europe and the US. The framework covers KPIs for people, health and safety, training, environment, supply chain, anti-corruption and bribery, circularity and ‘other’.
There are three main categories:
- Minimum/starter: The KPIs most frequently looked at by stakeholders, and most aligned with current and future regulatory reporting.
- Good practice: The KPIs that are frequently implemented and reported against after implementation of the minimum KPI set.
- Best practice: KPIs regarded as best practice in sustainability measurement and reporting.
The framework was developed for ERA by independent consultant epi Consulting to provide a practical approach for rental companies to assess their sustainability reporting and rate how they perform against an industry framework.
ERA will now start work on an online version of the tool. The new guidelines can be downloaded here.