Measuring Sustainability Flashcards
LCA
Life cycle assessment or analysis. A systematic analysis of the potential environmental impacts of products or services throughout their entire lifecycle.
Aspects:
- Social
- Environmental
- Economic
Full Lifecycle Assessment is expensive.
SLCA
Social Life Cycle Assessment
LCC
Life Cycle Costing
Cradle to Grave
From Material Extraction, Material Manufacturing, Product Manufacturing, Use Stage to End-of-Life (Waste)
Cradle to Cradle
Ecological Loop: From Material Extraction, Material Manufacturing, Product Manufacturing, Use Stage back to Material Extraction
Cradle to Gate
From Material Extraction, Material Manufacturing, Product Manufacturing to the Use Stage (Usage is not considered, easier to calculate)
DIN ISO 14040/14044
Norm for Life Cycle Assessment.
Lifecycle Assessment can help to identify opportunities to improve the environmental characteristics of products at various stages of their life cycle.
What is ESG?
ESG addresses many topics and stakeholders.
ESG represents the company’s efforts to systematically assess, manage, and monitor risks of material potential impact to the strategic and financial decisions of the company
ESG Criteria
- Environment
- Social
- Governance
ESG Environment
- Reducing the impact of
business activities on climate
change - Protection of natural resources
- Increasing the efficiency of
resource use - Implementation of a circular
economy
etc.
ESG Social
- Respect for human dignity and compliance with human and employee rights
- Safe and ergonomic workplace design
- Non-discrimination
- Diversity
etc.
ESG Governance
- Publication of the company’s relevant values and guidelines
- Compliance with the relevant laws and regulations
- Legally compliant payment of taxes
- Transparent documentation of the processes for managing and controlling the company
etc.
Certifications
Blue Angel, ÖkoTrend ESG, cradle-to-cradle etc.
Braungart’s Cradle-to-Cradle
Biological Cycle (Production, Product, Use, Biodegradation, Biological nutrient, Plants)
Technical Cycle (Production, Product, Use, Takeback, Disassembly, Technical nutrient)