Social Responsibility + Sustainability in Incentives

More corporations and employees than ever highly value social responsibility and sustainability in their workplace - including the incentives they are offered. Sustainable business practices and the broader environmental, social and governance (ESG) movement are real, growing and here to stay. Consider the Securities and Exchange Commission (SEC) statement last year of their intention to require broad ESG disclosure statements in the future. Meetings, Incentives, Conferences and Events (MICE) professionals should prepare now for profound changes in the way they execute their strategies and initiatives to conform to this new demand.

The biggest implications we are currently seeing is on MICE industry professionals in their group incentive travel and events business. While sustainable options can be more expensive, here are a few cost-effective tips to provide a top-of-the-line ESG-friendly experience.

-       Reduce power use

-       Reduce food waste

-       Choose destinations that do not require air travel

-       Use digital or cardboard displays at events

-       Reduce plate sizes

-       Include more vegetarian options

-       Use local vendors

Read the full Incentive Research Foundation (IRF) report here.