Extending corporate sustainability reporting indicators to projects’ sustainability

Abstract

Measuring the sustainability performance of an organisation is a rather complex task. This study aims at analysing a broad number of performance indicators related to the economic, environmental, and social pillars of the Triple Bottom Line (TBL) framework and evaluates their applicability toward the development of a sustainable performance measurement system (SPMS) of projects. To this purpose, an analysis of the annual sustainability reports of the listed EURO STOXX Sustainability 40 companies was conducted, identifying the sustainability indicators incorporated in each individual report, and classifying them according to the three pillars of the TBL framework. The analysis of the reports yielded 67 economic indicators, 109 environmental, 130 social, and 38 additional ones, mainly combining the latter two categories, giving 344 unique indicators in total. The proposed system, based on empirical evidence, recommends that selected indicators for an SPMS for projects should relate to predefined subcategories. These are costs, efficiency, and shareholder return for the economic dimension; emissions, energy, paper, resource consumption, waste, and water for the environmental dimension; diversity & equality, ethical behaviour, external commitment, health & safety, training & development, and working conditions for the social dimension