Life Cycle Assessment
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Life Cycle Assessment involves taking a holistic perspective to understand the true short-term and long-term economical, social, and environmental impacts of a business activity, fostering better collaboration across value chains.
LCA allows the measurement and assessment in all aspects of a company’s carbon and environmental impact, including product, organisation and value chain footprint, under direct control (Scope 1 and 2) as well as from indirect exterior emissions (Scope 3).
While outlining the environmental impacts of a product or service, an LCA also serves to identify hotspots. These are points in the life cycle that have significant negative impact on the environment or society. Most often, resolving hotspots becomes the keystone of the sustainability plan based on a complete LCA.
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A Life Cycle Assessment (LCA) is defined as the systematic analysis of the potential environmental impacts of products or services during their entire life cycle.
During a Life Cycle Assessment (Life Cycle Analysis), you evaluate the potential environmental impacts throughout the entire life cycle of a product (production, distribution, use and end-of-life phases) or service. This also includes the upstream (e.g., suppliers) and downstream (e.g., waste management) processes associated with the production (e.g., production of raw, auxiliary and operating materials), use phase, and disposal (e.g., waste incineration).
Life Cycle Impact Assessment (LCIA) covers all relevant inputs from the environment (e.g., ores and crude oil, water, land use) as well as emissions into air, water and soil (e.g., carbon dioxide and nitrogen oxides). The International Organization for Standardization provides guidelines and requirements for conducting a Life Cycle Assessment according to ISO 14040 and 14044.
Example data collection and analysis:
Involved Raw Materials - Soil, Seeds, Fertilizer
Production Process - Heatin, Water, Ventilation
Transportation: Truck, Rail, Airplane
Life cycle assessment is the second assessment stage of the reporting. It involves using the data collected in the LCI stage to evaluate a product's or service's environmental impacts across its lifecycle. The assessment includes analyzing the data to determine the potential effects of various environmental factors, such as climate change, air and water pollution, and resource depletion. The purpose of LCA is to identify a product's or service's potential environmental impacts and suggest ways to reduce these impacts.
Vagabond's LCA Life-Cycle Assessment combines industry standards (Add framework names?) with pioneering artificial intelligence to provide a comprehensive environmental impact report and individual advice to reduce such impacts over its entire lifecycle.
Through additional services, such as the product pass, Vagabond provides further benefits to assess a product's life cycle along its use and life cycle. Through repurposing and the return of recyclates, companies can reduce carbon emissions and trade them automatically with repurposers. These processes are difficult or impossible to represent in conventional LCA solutions. A clear advantage of the extensive sustainable suite and integration possibilities of Vagabond.
Advanced automated modeling and reporting to track and identify the environmental impacts along the product lifecycle with Vagabond AI
Enhanced decision-making pinpointing the most efficient and effective ways to reduce waste or improve resource efficiency
Reduce and improve overall CO2 emissions with our comprehensive sustainability suite. e.g., automated CO2 sharing along parties within a circular economy.
