This metric is based on the Global Reporting Initiative (GRI) G4 Sector Supplement - Event Organizers. It covers one of the reporting requirements of Indicator EO12 - 'Nature and extent of knowledge transfer of best practice, and lessons learned'.
Throughout the project life cycle, an event organizer can learn from successes and failures. This learning can be transferred to future events and the wider industry to facilitate continual improvement. The transfer of this knowledge to other event organizers and other relevant sectors can add value to the industry.
Transfer of knowledge is not exclusive to sustainability initiatives. Security, operations, transport management, construction and other technologies, sourcing, and standard creation are all examples of potential knowledge transfer areas.
In order to maximize knowledge transfer, the information should be made available to the public and actively promoted and shared.
Legacies can be those that are known, clearly defined and measured, and evident in the project life cycle, and future legacies that are yet to be defined, including initiatives with potential for a positive legacy.