Measuring Goodness

From Goodness Community

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.