How a Life Cycle Assessment (LCA) can benefit your business

Drawing from her research at MIT and over a decade of hands-on experience, Khadija has become adept in Life Cycle Assessments (LCAs), recognizing them as indispensable tools for companies to pinpoint environmental impacts. This sentiment is shared by Customer Success Manager, Jona Roßmann, who often witnesses firsthand the benefits for manufacturers, noting how LCAs provide useful insights even before formal Environmental Product Declarations (EPD). Consequently, many customers appreciate the clarity LCAs offers, providing concrete figures on environmental impacts such as recycling, production waste, and transportation, ultimately making sustainability tangible, quantifiable, and objective.

An LCA can help you pinpoint improvement opportunities for your business in many ways. Together, Khadija and Jona gives us their top reasons for why you should do an LCA:

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1. Benchmarking environmental performance: By utilizing LCAs, companies can effectively benchmark their environmental performance against industry rivals, established standards, and best practices. This comparative analysis equips businesses to maintain competitiveness in an increasingly environmentally conscious market landscape.
2. Prioritize sustainability initiatives: Utilizing the insights from LCAs empowers you to strategically prioritize sustainability initiatives and make informed decisions by assessing the environmental implications of various scenarios, including supplier changes, material substitutions, process enhancements, and technological advancements. Using scenario analyses, we illustrate the potential impact of implementing specific measures, such as increasing recycling rates, transitioning to renewable energy sources, or adopting more environmentally friendly raw materials, providing a roadmap for achieving improved sustainability outcomes.
3. Communicate environmental achievements: LCAs enable companies to transparently communicate their environmental achievements to key stakeholders, including customers, investors, and regulatory bodies. By quantifying and presenting tangible environmental progress, companies enhance their credibility and demonstrate their commitment to sustainability leadership.