VALVE MAGAZINE Summer 2024

LIFE CYCLE ASSESSMENTS

ESG REPORTING Ready for Life Cycle Assessment? Suppliers are increasingly being asked to report data related to carbon footprint and environmental impact. The requirements are likely to spread through the supply chain. Here is an introduction to life cycle assessment (LCA).

As manufacturers work toward requirements for reduced carbon emissions and overall environmental impact, many of these goals are likely to have ripple effects down the supply chain. For example, a first step for many OEMs is to evaluate the current environmental impacts of their products through increasingly prevalent life cycle assessment (LCA) studies, which can help inform decisions about materials and processes for a particular product during its design or identify which areas of a process might have the highest environmental impacts to help companies make decisions about where to dedicate optimization efforts. As companies conduct more LCAs, suppliers at each level of the supply chain are increasingly asked by OEMs to report their own data related to carbon footprint, water usage and other environmental impacts. What is an LCA, and how can suppliers get ready to meet these needs? What Is An LCA? Life cycle assessment (also called life cycle analysis) is a process for evaluating a product’s environmental impact in multiple categories (for example, resource depletion, water and global warming potential [GWP]), across its full life cycle, starting from the production of its raw materials Source: Getty Images

BY: HANNAH MASON, Sustainability Correspondent COMPANY: GARDNER BUSINESS MEDIA

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VALVE MAGAZINE

SUMMER 2024