Global Quarterly Performance Reports
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October to December 2023 Q4 Report
This report covers RICS’ performance from October to December 2023.
Q4 saw substantial work with politicians and governments, as well as further progress to re-establish the institution with new governance appointments. Core activities continued, with new and updated standards and guidance released, and our regular member-supported surveys tracking mixed pictures for construction and property.
Our key numbers
Candidates and Designations
1610
new professionals awarded RICS designations
2296
professional assessments
2201
new candidate enrolments
Training and Conferences
41,574
registrations across our portfolio
12,723
viewers for digital seminars and CPD
World Built Environment Forum
17,000+
unique visitors to our content
Key Highlights
RICS at COP28
RICS was an official observer at COP28, meeting key figures from government and industry. Alongside COP, we ran a joint conference with the UK-UAE business council to discuss what the industry can do to decarbonise in the two countries and more broadly.
Financial update
Financial outcomes at the end of 2023 remained consistent with our budgeted projections, with an unaudited operating result of £3.3 million.
The ongoing success of our EQS, DRS, and Standards and Regulation revenue streams has played a pivotal role in this achievement. However, challenges related to our commercial margins, combined with higher salary costs due to pressures from wage inflation have tempered these gains.
Additionally, our cash position has demonstrated positive performance throughout the year, surpassing both the budget and the 2022 figures. Our total cash and investment reserves have increased by approximately £1.2 million over the course of the year, placing the RICS in a strong position for 2024.
Overview
The global quarterly performance reports are intended to give both employees and professionals a high-level overview of the organisation's operational performance at the end of each quarter.
For over a century and a half, our Charter has driven the surveying profession’s ultimate purpose to advance positive outcomes for the benefit of society. With our new vision for a sustainable, resilient, and inclusive natural and built environment, our strategy sets out the strategic goals that we will prioritise for the coming years. You can read more about it here.
Lead and influence on sustainability
Recognised by members and stakeholders as a global leader on decarbonisation, climate resilience, biodiversity and circular economy.
Attract a diverse next generation
Individuals from all backgrounds can seek and be able to attain membership of the profession.
Enhance member value and engagement
The professional body of choice for those working in the natural and built environment.
Strengthen trust in the profession
Regulate effectively to the public advantage.
Global Quartely Performance Reports
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