Measuring Goodness: Difference between revisions
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==On what level can goodness be measured?== | ==On what level can goodness be measured?== | ||
Goodness can be measured at 4 levels | Goodness can be measured at 4 levels | ||
* '''Legal Entity''', total for the whole organization | * '''Legal Entity''', total for the whole organization, examples are ESG scores | ||
* '''Location''', for example sustainability profile of a production location | * '''Location''', for example sustainability profile of a production location | ||
* '''Brand''', combined scores for all products within a certain brand. | * '''Brand''', combined scores for all products within a certain brand. | ||
Revision as of 14:55, 22 November 2022
On what level can goodness be measured?
Goodness can be measured at 4 levels
- Legal Entity, total for the whole organization, examples are ESG scores
- Location, for example sustainability profile of a production location
- Brand, combined scores for all products within a certain brand.
- Product, for example the LCA (life cycle assessment) for any individual product.
ESG
ESG stands for Environmental, Social, and Governance. Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities
LCA
Life cycle assessment or LCA is a methodology for assessing environmental impacts associated with all the stages of the life cycle of a commercial product, process, or service.
