The stories EPD’s tell are about the total environmental impact of a company’s products and services, based on objective and independent measurements.
An Environmental Product Declaration (EPD) tells the environmental story of a product over its life cycle in a clear, simple format. EPD data can include:
- Resource consumption of energy, water and renewable resources
- Emissions to air, water and soil
- Global Warming Potential (GWP)
- Climate change (carbon footprint)
How can EPD’s benefit business?
EPD’s signal a company’s commitment to measuring and reducing the environmental impact of its products and services.
Objective data
Because EPD reports use objective and verified data, and are comparable to similar products or services, they make it easier for stakeholders to make decisions about sustainability.
Stakeholders could be governments considering tenders, customers deciding what products to buy or investors weighing up the carbon compliance credentials of comparable business products and services.
Increased market competitiveness
When the stakeholders embrace the environmental credentials revealed in EPD’s, the potential for increased market competitiveness can be realised.
Using independently verified data that is easily benchmarked provides customers, employees, and company leadership confidence in their future direction and sustainability targets.
How can an EPD create added value?
Just as sunlight is the best disinfectant, an EPD’s objective transparency conveys credible information to all of your stakeholders, with many positive benefits.
Benefits include:
- Pinpoint and minimise risks
- Increase your market share
- Make a better product
- Strengthen your networks and partnerships
- Tell a greener story
- Build your brand
Why are EPD’s trustworthy?
EPD’s are independent. They remove subjectivity from environmental claims because they are based on international standards. They are independently verified.
EPD’s are not hidden away in a secret company vault. They are registered in a central system and publicly available for anyone to view.
All EPD’s that refer to the same product by definition must observe the same rules for data. That’s the beauty of a system established to help standardise reporting on carbon compliance and sustainability.
What factors does an EPD consider?
An EPD has a range of information about the impacts of processes and products on the environment. These include:
- Carbon emitted
- Energy used
- Emissions impact
Why you should create an EPD for your products
The complexity of data about carbon and sustainability is not suitable for mass communications. You need a simpler way to convey information that all your stakeholders can understand and trust.
Can compare two EPD’s to decide which product or business to invest in.
Individual consumers as well as major organisations can use EPD’s to guide their purchasing.
Increasingly, tenders for major projects will require EPD’s on products and services to be eligible for an compliant submission.
We make sure your reporting governance meets new Australian Sustainability Reporting Standards
Getting ready now is critical because tighter carbon compliance requirements are rapidly approaching.
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