LCA Environment
Life cycle assessments (LCA) offer a thorough examination of the environmental effects of our products from inception to disposal. We began calculating the environmental footprint of our most relevant products in 2022, and by 2023, we had completed LCA’s for our entire product portfolio. Given that an estimated 66% of our carbon emissions originate from our raw materials, these assessments are pivotal in identifying where we need to take action within our supply chain. They constitute a significant component of our sustainable supply chain management strategy. Additionally, LCAs serve as valuable tools in identifying areas of improvement, whether it’s enhancing energy efficiency, refining processes, or upgrading equipment.
As stakeholders increasingly demand more transparency, it is crucial for us to meet this requirement. Transparency not only fosters trust but also positions us for the future, particularly considering the growing importance of legislation regarding emissions and environmental impacts. Providing this information serves as a valuable decision-making tool, enabling comparisons and facilitating the selection of products with minimal environmental impact. Brand owners are actively setting carbon emission targets and devising decarbonisation strategies. By providing this data to our clients, we empower them to evaluate their raw material options and discern between alternatives, such as our standard resin and our Eco resin.
LCAs help us quantify our environmental footprint in several impact categories. The most relevant are: • Global warming potential • Water contamination potential • Toxicity • Acidification • Eutrophication
We adopt a cradle-to-gate approach, which focuses on the environmental impacts of a product until it leaves our production sites and follow the ISO 14040 and ISO 14044 standards to perform our LCAs.
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ADDENDUM & GRI
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