Calculating your business's carbon footprint and assessing the environmental impact of your product's life cycle (LCA) are the fundamental actions for sustainable business. New EU regulations will also demand companies to disclose their carbon footprints to access funding.
How does this affect you?
Demand for low-emission products and services will increase as the EU aims to be a climate-neutral continent by 2050. Climate neutrality means creating a net-zero emissions balance that can be achieved by reducing greenhouse gas emissions and compensating for the emissions that cannot be reduced. A climate-neutral society produces emissions for only the amount the atmosphere can sequester.
The environmental impact of business activities is of growing interest to stakeholders, investors, financiers, insurers, customers, and employees. Verifiable data on emissions of the services and products companies produce are required from each company in one way or another. Fortunately, measuring the impact of business activities is not as complicated as it may seem.
Carbon Footprint
The carbon footprint represents the company's direct and indirect impact on global warming. Carbon footprint calculations are done according to GHG (Greenhouse Gas Protocol). We can also assess your company's carbon handprint, i.e., the positive impact on reducing carbon emissions. In addition, we can also verify the carbon footprint calculation carried out by your company.
Benefits of Carbon Footprint calculations:
- A clear picture of the positive and negative environmental impacts of your business
- A base for setting and reducing climate targets
- Enables a plan to reduce emissions and other negative environmental impacts (carbon neutrality road map)
- An economically attractive and risk-free investment
- Opportunity to develop a competitive advantage by offering the lowest emission solution on the market
Life Cycle Assessment (LCA)
Life cycle assessment addresses the environmental impacts of a product or a service throughout its life cycle. Environmental impacts include not only climate impacts but also the effects on water systems, ecosystems, etc. The impacts are assessed from raw material procurement to production, use, end of life, recycling, and waste disposal.
Benefits of Life Cycle Assessment:
- A broader view of product life cycle's environmental impacts rather than just its climate impacts
- We can identify the largest sources of emissions in production and create a road map to reduce emissions
- Proving the environmental claims of the product and thus obtaining green funding
- Emissions data can be integrated into a service or a product, increasing the competitive advantage by providing an environmentally friendly alternative
- We can also conduct EPDs (Environmental Product Declaration) for your product to help you communicate the life cycle effects of the product to potential customers.