Life Cycle Assessment Integration to Improve ESG Reporting: A Path to Sustainable Decision-Making and Stakeholder Confidence

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21220%2F23%3A00369881" target="_blank" >RIV/68407700:21220/23:00369881 - isvavai.cz</a>

Výsledek na webu

<a href="http://hdl.handle.net/10467/112977" target="_blank" >http://hdl.handle.net/10467/112977</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Life Cycle Assessment Integration to Improve ESG Reporting: A Path to Sustainable Decision-Making and Stakeholder Confidence

Popis výsledku v původním jazyce

Companies are increasingly adding Environmental, Social, and Governance (ESG) measures to their reporting procedures as sustainability and climate change issues continue to receive attention on a global scale.ESG reporting can be significantly improved by using the Life Cycle Assessment (LCA), a tool that assesses the environmental effects of goods and services from conception to disposal. This is because LCA provides comprehensive and transparent data on companies’s environmental performance. This article initially reviews the literature on the concepts of LCA and ESG, then explores the synergy between LCA and ESG, highlights the benefits of integrating LCA into ESG reporting, and proposes a methodology for doing so. Key advantages include improved decision-making processes, better identification and management of environmental risks, and increased stakeholder confidence. By incorporating LCA into ESG reporting, companies can demonstrate a strong commitment to sustainability, strengthen their brand image, and potentially access new market opportunities.

Název v anglickém jazyce

Life Cycle Assessment Integration to Improve ESG Reporting: A Path to Sustainable Decision-Making and Stakeholder Confidence

Popis výsledku anglicky

Companies are increasingly adding Environmental, Social, and Governance (ESG) measures to their reporting procedures as sustainability and climate change issues continue to receive attention on a global scale.ESG reporting can be significantly improved by using the Life Cycle Assessment (LCA), a tool that assesses the environmental effects of goods and services from conception to disposal. This is because LCA provides comprehensive and transparent data on companies’s environmental performance. This article initially reviews the literature on the concepts of LCA and ESG, then explores the synergy between LCA and ESG, highlights the benefits of integrating LCA into ESG reporting, and proposes a methodology for doing so. Key advantages include improved decision-making processes, better identification and management of environmental risks, and increased stakeholder confidence. By incorporating LCA into ESG reporting, companies can demonstrate a strong commitment to sustainability, strengthen their brand image, and potentially access new market opportunities.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

KNOWCON 2023 Knowledge on Economics and Management - Conference Proceedings

ISBN

978-80-244-6390-2

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

61-67

Název nakladatele

Filozofická fakulta

Místo vydání

Olomouc

Místo konání akce

Olomouc

Datum konání akce

7. 12. 2023

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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