42% of European companies have not yet made a commitment to net zero emissions or carbon neutrality.
Globally, 50% of consumers say they are more environmentally friendly, in Indonesia it is 86%, in Vietnam and the Philippines 74%, in Egypt 68% and in the United Arab Emirates 67% (Global Consumer Insights Pulse Survey PwC, 2021).
At the same time, regulations, particularly in Europe, are aligning with emerging consumer trends. As an example, in April 2021, the European Commission adopted a proposal to strengthen the requirements of corporate sustainability reporting, already mandatory since 2014. These facts, which continue to grow, are pushing organizations to rethink their strategy to reduce their environmental impact. Looking to take action on your organization's environmental impact but don't know where to start? With the Tool for Environmental Measurement and Assessment, you can measure the environmental impact of the life cycle of your products and services, or of your organization, and quantify your externalities. You can then define action plans to limit your impacts and act on your value chain.
Benefits of Tool for Environmental Assessment and Measurement
Modeling for any system representing different operations related to products and processes.
An intuitive and easy-to-use interface for modeling via multi-level structures (Russian dolls principle), to simply carry out the eco-design of a product/service via predefined bases, whether you are an expert or not.
Carry out in a few days LCAs, eco-design, environmental product declarations and calculate externalities to define your strategy and action plans.
Data collection and modeling
- The solution relies on proprietary, public or pay-per-use databases (Ecoinvent, Plastic Europe, GABI, ELCD...) to model the processes of your products and services and calculate environmental impacts.
- TEAM's parameters are fully configurable at all stages of the life cycle. Its multi-layer structure is intuitive and allows you to adapt the construction of the model to your needs and to the reality of your processes.
Calculation and analysis of your environmental footprint
Model the environmental impact of the entire life cycle of your products and services, or of your organization. The tool then calculates the environmental impacts associated with the life cycle of the products or services (or organization), including the evaluation of the environmental losses and benefits (ELB).
Simulation and improvement levers
Dashboards allow to manage simulations, while keeping a traceability between the sets of variables used for the calculations and the results obtained. Improvement levers for eco-design can thus be identified through simulations and comparison of results in the tool.
The calculations performed for a given model can be analyzed via a fully customizable synthetic presentation. Steps in the model's life cycle, incoming or outgoing flows to be traced and results of impact methods can be selected and viewed via a dashboard.
- Configuration & Integration of the solution (with its databases).
- Maintenance included for the first year: updates of the solution, an update of the database.
- Customer success for questions related to the installation and use of the tool.
- Training in the tool or LCAs and Environmental / Sustainable / ESG P&L.
- PwC accompanies you on your needs, either via coaching to make you autonomous, or by carrying out the study for you, from a simple LCA to a complete EP&L.
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Why conduct a Life Cycle Assessment (LCA)?
- Control the environmental impact of your products and services: you monitor their various sources of impact and identify which ones to act on to reduce your environmental footprint.
- Avoid pollution transfer: you identify the vectors of pollution transfer in order to act on them.
- Switch to eco-design: you can consider several designs or technical solutions to produce a product and identify the least impacting from an environmental point of view.
- Compare yourself to your peers: you can position yourself against your competitors in terms of environmental footprint.
- Meet or anticipate your customers' needs.
Why carry out a Sustainable P&L?
Monetization allows non-financial reporting to go beyond traditional reporting and to value the impact of the company on society.
A sustainable P&L measures the environmental and social/societal impact of a company's activities through a monetary value. The sustainable P&L account internalizes the externalities of companies, making their impacts visible and comparable, in order to drive sustainable development strategies.
The Environmental Profit & Loss (EP&L), which measures only environmental impacts, is the most common type of sustainable P&L (focus on one pillar).
The benefits of Sustainable P&L are:
- Identify in its value chain where the company has the most impact.
- Facilitate decision making by monetizing impacts.
- Anticipate risks and identify opportunities, as well as actions to be taken.
- Evaluate the company's environmental performance annually.
- Be transparent to stakeholders and raise awareness of impacts.
What are the data sources used to perform the environmental life cycle impact assessment of products or services?
- Process data related to products or services are essential: energy consumption, raw material consumption, air and water emissions, waste generation,...
- The data collection stage is the critical stage of the project because it can take time.
- For secondary data (raw material and energy production, etc.), LCA databases can be implemented in the solution (e.g. Ecoinvent).
What is the process of modeling a product or service?
- Clarification of the need, objectives and scope, data collection, modeling, calculations, interpretation of the results, writing of the synthesis or detailed report, potentially a critical review are the key and iterative steps of a life cycle approach.
- The definition of the objectives is key at the beginning of the project to ensure that the results obtained correctly meet them.
Why identify its impacts? Why identify the issues at stake with regard to its products/services/activities within its value chain?
Identifying your impacts allows you to have a better vision of your stakes in order to build a relevant strategy, and thus to identify your action plans to be implemented.