The European Rental Assocation is developing a framework around corporate social responsibility key performance indicators - the 鈥楥SR KPI framework鈥� for use by rental companies.

鈥淩ental industry customers and other stakeholders (investors, staff, suppliers, regulators, Government agencies, NGOs, etc.) increasingly expect equipment rental companies to 鈥巔ut in place Key Performance Indicators (KPIs) to measure their CSR performance levels, 鈥巗et targets and report progress against these targets,鈥� an ERA statement confirmed. 

The framework鈥檚 objective will be to enable equipment rental companies to implement different levels of KPIs, depending on their level of maturity.

鈥淭he minimum KPI set is the perfect 鈥榮tarter鈥� framework. Once 鈥巆ompanies have experience implementing and using the minimum set, they can progress to 鈥巌mplementing good practices and, finally, to developing best practices and becoming industry leaders.鈥�

The association has appointed epi Consulting, an award winning international sustainability strategy and innovation consultancy based in the UK, to work on the framework.

The ERA will make the guidance framework available in the coming weeks.

For more information, contact era@erarental.org.