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Corporate Sustainability Services
Corporate social responsibility is a broader term, used more generally to describe practices or actions a business has taken to advance social and environmental causes. Corporate sustainability, however, is the strategy a business uses to make a positive impact on the environment and our communities.Corporate sustainability is about more than just protecting the environment, although that is core to this approach. A sustainable business is one that works in step with societal and environmental goals, rather than at odds with them. Corporate sustainability is a business strategy for long-term growth that works in harmony with people and the planet.
Life Cycle Assessment(LCA)
LCA, is a systematic, standardized approach to quantifying the potential environmental impacts of a product or process that occur from raw materials extraction to end of life.LCA results can help determine areas of improvement in production processes, aid strategic planning, and inform public policy. LCAs enable the comparison of different products, allowing practitioners to answer questions like, “How do the environmental impacts of beans compare to those of beef?” (Harwatt et al. 2017). LCAs are also used to improve product, process, or system design; an LCA can identify the areas of production with high environmental burden, enabling the design and comparison of alternative production pathways.
Environmental Social Governance (ESG)
Environmental, social and governance (ESG) is a term used to represent an organization's corporate financial interests that focus mainly on sustainable and ethical impacts. Capital markets use ESG to evaluate organizations and determine future financial performance.Environmental factors involve how much an organization considers the protection of natural resources. These factors include the environment, climate change, energy consumption and use and its overall impact.
GHG& Carbon accounting
The August 2021 report of the UN’s Intergovernmental Panel on Climate Change warns that pollution caused by humans has led to an increase in extreme events such as heat waves, heavy precipitation, droughts, and tropical cyclones. Greenhouse gas (GHG) emissions from global economic activity are at the heart of climate change, with atmospheric CO2 already 50% above its pre-industrialization levels.Greenhouse gas (GHG) emissions from global economic activity are at the heart of climate change.
Environmental Product Declaration(EPD)
An Environmental Product Declaration (EPD) report tells the life cycle story of a product in a single, comprehensive report. The EPD provides information about a product's impact upon the environment, such as global warming potential, smog creation, ozone depletion and water pollution. An EPD from UL Solutions can also include other product impacts, such as land use changes, potential toxicity risks or corporate environmental initiatives that are of particular interest to the discloser. EPDs are a disclosure tool that helps purchasers better understand a product’s sustainable qualities and environmental repercussions, so they can make more informed product selections.
Circular Economic Assessment
The goal of the circular economy (CE) is to transition from today's take-make-waste linear pattern of production and consumption to a circular system in which the societal value of products, materials, and resources is maximized over time. Yet circularity in and of itself does not ensure social, economic, and environmental performance (i.e., sustainability). Sustainability of CE strategies needs to be measured against their linear counterparts to identify and avoid strategies that increase circularity yet lead to unintended externalities. The state of the practice in quantitatively comparing sustainability impacts of circular to linear systems is one of experimentation with various extant methods developed in other fields and now applied here.