Encourage life cycle thinking.
Conducting a full Life Cycle
Assessment (LCA) can be a timeconsuming and expensive business,
but taking a life cycle approach by considering all stages of your
product or service’s life cycle can lead to new insights. There are
many LCA studies available in the public domain that can help you get
started in life cycle thinking.
Engage with your customers and suppliers. Understand your customers’ needs and what your suppliers can offer in terms of innovative products.
Understand exactly where your product or service adds value. How can you maximize this value? Is there a way you could deliver that benefit in a different way, using fewer materials or less energy?
Know where the environmental hotspots are for your company, your products or your services. Do the major impacts arise from your operations, your supply chain or from the use of your products? Knowing where the hotspots are will help you identify strategies to reduce them.
Measure, monitor and manage. Do you currently measure your energy, and water consumption and emissions of CO2 and waste? Having the data allows you to identify where you can target efforts and reductions, and in many cases this will lead to cost savings.
Turn a waste into a resource Identify all of the materials that leave your operations as waste, and look to see which of them may be of value in another process. Taking a systematic approach may identify materials that can be sold as a secondary raw material, turning a waste into a resource, and a cost into a revenue stream.
Keep up to date with upcoming policy and regulatory requirements Cefic and national associations can help you anticipate new policies and regulations, to shape your future business strategy.
Use sound science in your business decisions and in your advocacy efforts.
Ensure transparency by providing credible information on data used to estimate the life cycle of your product, you will gain confidence from your stakeholders.