Screen the impacts on the entire value chain - ADVANCED

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Sustainability accounting is a set of tools and practices designed to measure and evaluate a company's sustainability activities and their impact on the business.

To get a more accurate picture of the company's footprint and build more targeted action plans, it is necessary to carry out an in-depth review of the value chain. Going through the stages one by one will allow you to identify more precisely the environmental (loss of biodiversity, water consumption, use of natural resources, etc.) and human (outsourcing to low-income countries, human rights, etc.) impacts of your business.

Tracking and managing environmental costs, identifying where the impacts occur and how to make improvements, requires a process-oriented approach.

- At the very least, you would need a simple version of an Operational Management System (OMS), which is a set of processes and procedures to effectively manage business practices.

- For a more in-depth approach, you could carry out an Environmental Impact Assessment, which is a systematic process for identifying the positive and negative environmental impacts (externalities) of the organisation's activities.

less than half

of companies report on biodiversity loss
(KPMG)

90%

of the companies GHG emissions come from their supply chains, according to the Environmental Protection Agency
(EPS News)

ADDITIONAL RESOURCES

- Course on Environmental Impact Assessment from Singapore Polytechnic

- Get inspired by Kering EP&L

- ISO 14001- Environmental management system

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