At IEMA, we take a holistic or ‘big picture’ view of sustainability. We support everyone working to tackle all environmental and sustainability challenges, from climate change and reducing waste, to driving efficiency and managing risk. For us, it includes impact assessment, environmental management and corporate sustainability.
Impact Report 2020
Read our Impact Report 2020 to find our how we’re supporting members and helping to influence the sustainability agenda. Explore our interactive report here.
Financial Accounts 2020
You can view our FY2020 Abbreviated Accounts here.
If you have any questions on our 2020 performance, get in touch at email@example.com
2020 Financial Performance
The COVID-19 pandemic is a significant health and economic crisis which impacted many organisations throughout 2020 and continues in 2021. We took action in March 2020 to minimise adverse risks to staff and the organisation and implemented IEMA’s business continuity plan, which included moving all staff to home working. Delivery of IEMA’s services to members remained unaffected, given our strong digital programme of activity which forms a core part of IEMA’s business model.
The net zero transition and a ‘green recovery’ became a strong narrative for building back better from the pandemic. This, together with the importance of maintaining professional qualifications in an uncertain jobs market and our enhanced digital offering, helped to ensure that our membership renewals and applications performed well and we met our income budget for 2020. Income increased by over 7% compared with 2019 and we ended 2020 with membership at a record high.
Costs were well below budget due to actions taken to halt discretionary expenditure, including business travel, and to a temporary halt in staff recruitment to strengthen our financial resilience at a time of significant uncertainty due to the pandemic. The 2020 year end surplus strengthened IEMA’s balance sheet reserves to the equivalent of three months’ costs and is consistent with the Board’s medium term aim of maintaining reserves equivalent to six months’ costs.
The outlook for 2021 is good and is strengthened by the significant public profile of climate change and biodiversity loss in the run-up to discussion on the Climate and Biodiversity Global Conventions. More and more organisations are taking concerted actions towards a sustainable future, by making commitments to transition to net zero carbon emissions; adopting circular resource management practices; minimising impacts on the biodiversity and the natural environment and addressing social impacts. These changes across all business sectors, both public and private, enhances the relevance of IEMA. This is reflected in a growing membership.
We are confident that this level of growth will continue, as we enhance and refine our offer to members. It is therefore likely that our expenditure and investments will lag behind our income. The senior team are aware of this, and are working on value-driven projects to present to the Board to ensure members continue to receive a comprehensive service.