Sustainable Financial Planning for Event Management

Abstract

Events are highly resource intensive, and can have negative environmental consequences such as waste of water, energy and materials. Sustainable finance is critically important to ensure sustainable development by making responsible decisions during the planning, organisation and implementation of an event. Events should be hosted in an environmentally, socially and economically responsible way. Many international companies are making sustainable events an integral part of their tender process. Greening any event should reduce the negative environmental impact, but should also leave a positive and lasting legacy for the local community.

Impactful Business Events vs. Publications: Two Sides of the Same Coin?

“…Sourcing decisions play a crucial role as wellselecting environmentally-friendly suppliers who prioritize sustainable production methods enables event organizers to align with ethical standards. As highlighted by recent studies (Ahmed, 2021;Jones, 2010;Werner & Hauber-Davidson, 2008;Zamzuri et al, 2013), adopting such an approach proves essential for business events looking forward to achieving long-term sustainability goals.…”