# Life Cycle Management

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### What is Life-Cycle Management (short: LCM)

Life cycle management is the third assessment stage of the reporting. It is the systematic progress of organising, analysing, and managing sustainability impacts throughout the entire life cycle of a product, process, or activity; from raw material extraction through materials processing, manufacture, distribution, use, repair and maintenance, and disposal or recycling. Helps identify waste, reduce costs, boost sales and enhance a company’s brand awareness through sustainable carbon reduction strategies with environmental and social impacts in mind.

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