Centre for Economics and Business Research Ltd.
Climate Impact & Sustainability Data (2008-2011)
Reporting Period: 2008-2011
Environmental Metrics
ESG Focus Areas
- Economic contribution of arts and culture
Social Achievements
- Improved social capital, increased sense of public safety, community cohesion, educational achievement, improved health and wellbeing, crime reduction
Climate Goals & Targets
Environmental Challenges
- Reduced consumer expenditure due to squeezed incomes and reduced public funding
- Funding cuts in government spending
- Funding cuts to museums
Mitigation Strategies
- Arts and culture industry successfully cutting costs
- Increased reliance on other sources of income (earned income, contributed income)
- Restructuring of organizations to deal with funding cuts (e.g., staff reductions, business change programs, price differentiation strategies)