Members of the PSM Roundtable met in Paris at the Arcelor Mittal Headquarters, in the business campus around St Denis Stadium to continue with the Phase 5 of reviewing the methodology. It was great to see the group is expanding and we welcomed 3 new members of the participant companies to continue to support each-other in the development of an upgraded methodology with expertise from both LCA and business perspective.
One of the themes of this session was to focus on highlighting the business value of the PSIA and the outlook of the Roundtable. The group discussed about the long-term proposition for continuing the promotion of the business value and usability of the PSIA.
During the rest of the day an intensive session was held with the whole group to review the general comments on the methodology and the implementation guide. Elements such as the definitions of the social topics, indicators, scoring methodology and review procedure were revisited. A clear common goal of all members is that this methodology is aimed at creating real impact for both the business and the society.
Members will meet face to face again in Pescara in September this year, when also the new updated Handbook (version 4) will be launched. In the coming weeks the last comments from members on the draft will be submitted and afterwards a review by academics is scheduled.
In addition the governance team will continue to focus on communicating the strategic importance of RT PSM and the value of this to companies.