The Sustainable Product Lifecycle Impact Goal considers the design, quality, and safety of products and services, focusing on the entire supply chain and the materials used in manufacturing products. In particular, it examines how companies consider customer demand for sustainable products, including recycling, product testing, and environmental effects. The goal also considers the value companies and suppliers place on labor practices and human rights.
When scoring a company on the Sustainable Product Lifecycle goal, the following underlying Sustainability Accounting Standards Board (SASB) factors are considered:
- Materials Sourcing & Efficiency: Resilience of material supply and impact on environmental & social factors. Product design, manufacturing, R&D for cleaner materials, screening & monitoring with suppliers to reduce external risks.
- Product Design & Lifecycle Management: Management of lifecycle impacts of products & services: packaging, distribution, and social factors. Also, customer & societal demand for sustainable products and for meeting regulatory requirements.
- Supply Chain Management: Environmental, Social and Governance (ESG) risks on supply chain, E responsibility, Human Rights, Labor practices and corruption. Screening and selection of appropriate providers.
- Product Quality & Safety: Products & services sold need to meet customer expectations as they relate to health & safety: liability, management of recalls, market withdrawals, product testing, chemical, and ingredient content.
The SASB is a non-profit organization founded in 2011 to help businesses and investors develop a common language about the financial impacts of sustainability. To learn more, see https://www.sasb.org/about/
To learn more about the Impact Scoring methodology, see How are Impact scores calculated?