towards sustainability requires the synergistic implementation of both key dimensions: granular product-level transparency for the entire portfolio and unrestricted access to LCA data. Only through the combined effect of these two dimensions can the true potential of LCA data be realised. This combined approach yields four key business value levers (see Figure 4 ): • Sustainable value proposition: By providing a clear understanding of a product’s environmental footprint, companies can differentiate themselves in the marketplace, catering to the growing demand for eco- friendly options. This transparency fosters trust and strengthens brand reputation, ultimately creating a competitive advantage. • Informed decisions: Consistent and reliable environmental data enable informed and targeted portfolio decisions and integrate environmental considerations already into product design and development. • Organisational efficiency: Streamlining accessibility to LCA data fosters collaboration, eliminates silos and improves overall organisational efficiency by effective resource
allocations. All stakeholders can leverage environmental data for making decisions to minimise environmental impact while reducing overall costs. • Future readiness: Companies gain the necessary data to comply with emerging environmental regulations and participate in upcoming data exchange initiatives. This fosters industry- wide collaboration and innovation, propelling entire value chains and sectors towards a more sustainable future. Significant developments in LCA methodology have resulted in powerful tools that provide both dimensions of scalability. These tools are now readily available, presenting a timely opportunity for the chemical industry. By embracing these advancements, companies can not only influence their environmental footprint but also position themselves as leaders in driving sustainability across the entire supply chain. VIEW REFERENCES Daniel Bochnitschek d.bochnitschek@allocnow.com
ac24_Decarbonisation Technology Magazine_178x125.indd 1
23.10.2023 07:52:37
www.decarbonisationtechnology.com
71
Powered by FlippingBook