How is life cycle assessment utilized in CSRD?

Life cycle assessment (LCA) is a crucial tool utilized in corporate social responsibility and development (CSRD) to evaluate the environmental impacts of products and services throughout their entire life cycle. By analyzing factors such as raw material sourcing, production processes, distribution, use phase, and end-of-life disposal, companies can identify opportunities to reduce their environmental footprint and make more sustainable business decisions. LCA helps organizations measure and track their progress towards sustainability goals, as well as communicate their environmental performance to stakeholders, customers, and investors. Ultimately, integrating LCA into CSRD initiatives allows companies to make more informed and responsible choices that benefit both the planet and society.

This mind map was published on 1 October 2024 and has been viewed 17 times.