Life Cycle Sustainability Assessment

Traditional ESG reporting often focuses on isolated aspects, such as carbon accounting.

However, in order to provide a comprehensive and accurate view of a company’s sustainability performance, Life Cycle Sustainability Assessment (LCSA) is emerging as an essential tool.

Life Cycle Sustainability Assessment (LCSA) is a comprehensive approach that integrates environmental, social, and economic impacts across the entire life cycle of a product or service - from raw material extraction to end-of-life disposal - and works by bringing together the following components:

Life Cycle Assessment (LCA):

LCA assesses the environmental impacts associated with all stages of a product's life cycle, including resource extraction, manufacturing, transportation, use, and disposal. Environmental impacts include carbon footprint, energy consumption, water use, and waste generation.

Life Cycle Costing (LCC):

LCC evaluates the economic aspects of a product's life cycle, including production, maintenance, operational costs, and end-of-life disposal. This analysis helps identify hotspots and allows for the potential for cost savings such as through energy efficiency.

Social Life Cycle Assessment (S-LCA):

S-LCA examines the social impacts of a product or service, such as labor rights, community well-being, and local economies. This leads to a deeper understanding of how the production and use of a product affects people and communities.

By assessing environmental, social, and economic impacts across the entire life cycle of products and services, LCSA helps businesses make informed decisions that drive long-term sustainability. With an increasing demand for transparency and accountability in ESG reporting, LCSA stands as a crucial tool for companies who want to reduce their impacts and make genuine sustainable change.

Our recent whitepaper explores LCSA and how neoeco utilises this powerful methodology to provide comprehensive, accurate ESG reports. Download it to find out more.