The EP&L measures carbon emissions, water consumption, air and water pollution, land use, and waste production along the entire supply chain, thereby making the various environmental impacts of the group’s activities visible, quantifiable, and comparable. These impacts are then converted into monetary values to quantify the use of natural resources. The EP&L to guide its sustainability strategy, improve its processes and supply sources, choose the best-adapted technologies and innovate new solutions.
There are three steps to an EP&L:
- Quantifying the environmental footprint. The six impact areas group across 62 indicators that cover different emissions and resource use types.
- Estimating the likely environmental changes that result from these emissions or resource use are estimated based on the local environmental context.
- Valuing the change in well-being. The consequences of these environmental changes for people’s well-being are then valued in monetary terms.