A novel multi-perspective and multi-stakeholder approach to event impact measurement: synthesizing the triple bottom line

Abstract

Due to the increasing amount of events and the complexity of the relationships and synergies between the stakeholders involved in the events and the environment there is a need to understand the contribution of events to the area where they are hosted. This article aims to develop an innovative impact assessment system that allows the effects of the event to be assessed from a global sustainability perspective via a multistakeholder approach and tries to solve the problems of comparability and commensurability raised by integrating economic, sociocultural and environmental impacts. This novel impact assessment method creates an ad hoc synthetic index unique for each event. The impact categories are aggregated and weighted according to the specific realities of the region. This theoretical contribution involves measuring event impacts through a multiperspective and multistakeholder analytical methodology, allowing the effects to be more efficiently assessed and compared in monetary terms.