What are Scope 4 Emissions?
What are scope 4 emissions, how do they differ from scope 1, scope 2, and scope emissions – and how difficult and scope 4 emissions to measure, monitor, and reduce?
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It’s evident that amongst the global effort to push for more sustainable products, that it is becoming more difficult to acquire the “seal of approval” on behalf of investors, customers, and stakeholders on your product – but an Environmental Product Declaration, or EPD for short, could help with in this scenario.
An Environmental Product Declaration can help users and potential stakeholders to better understand the product they are investing or purchasing – demonstrating how an Environmental Product Declaration could help to save time when trying to illustrate the environmental impact of your product to key actors.
In this article, we’ll review what an Environmental Product Declaration is, why it is important, and how your company can acquire its own Environmental Product Declaration.
An Environmental Product Declaration, often shortened as EPD, refers to the document which offers an in-depth analysis of a product’s environmental impact throughout its entire life cycle.
In light of their similarities, an Environmental Product Declaration was developed as a result a Life Cycle Assessment (LCA) – which is a process dedicated towards determining the environmental impact of a product from sourcing raw materials to when it is thrown away by the consumer.
👉 An Environmental Product Declaration is most relevant for customers seeking to better understand the environmental impact of the product they purchased, and for key stakeholders interested in learning more about the product in the event they seek to invest in the product itself.
Usually, an Environmental Product Declaration delineates data regarding a products:
👉 In addition to this, an Environmental Product Declaration often also includes the potential for a product’s emissions to be reduced on behalf of the user – such as by recycling the product or seeking to charge the battery to optimal levels.
An Environmental Product Declaration is important as it can help companies to mitigate transition risks, practice greater transparency, develop more trusting relationships with their customers and stakeholders, and comply more easily with upcoming environmental regulations.
The global push for more sustainable businesses has put undeniable pressure on companies around the world to put their best green-foot-forward on at all times – and while this is stressful, an Environmental Product Declaration could help make it easier for companies to cope with all of the unprecedented changes in the market.
Think of someone who travels often: odds are, they never fully unpack their suitcase and keep a running tab of what needs to be taken out or added to their packing list accordingly. This allows someone who travels often to always have a base set-up to prevent needing to pack from scratch every single time. The same goes for companies that acquire an Environmental Product Declaration, as it can provide a starting point for companies required to comply with other regulations or climate disclosures.
Some additional benefits companies may experience when choosing to seek an Environmental Product Declaration Include:
👉 Overall, an Environmental Product Declaration can help to boost a company’s brand image, improve their supply chain management, and ultimately improve the efficiency and performance of their business.
Across the majority of the world, an Environmental Product Declaration is not required by law.
However, this doesn’t mean that singular countries will not strive to make an EPD compulsory in various regions or under specific circumstances – such as an area or region of the world making an extensive effort to reduce its environmental impact.
An example of this is how the EU has decided to put measures in place requiring businesses to publicly disclose information regarding the environmental impact of their products – such as with the Construction Items Regulation (CPR), which requires businesses to draft an Environmental Product Declaration in order to comply.
While an Environmental Product Declaration in most countries, regions such as the European Union have implemented the use of EPDs across the market in order to serve as a form of compliance.
Some examples of this include:
👉 Ultimately, an Environmental Product Declaration has proved useful as a way for companies to demonstrate their competence and efforts to reduce the environmental impact of their products – paving a way for them to not only adhere with new environmental regulations, but acquire other sustainability standards as well.
The difference between a Health Product Declaration (HPD) and an Environmental Product Declaration (EPD) is that a Health Product Declaration refers to how a product may impact one’s health while an Environmental Product Declaration focuses on the impact a product has on the environment.
A Health Product Declaration (HPD) is primarily focused on evaluating a product for its potential health hazards and impact on someone’s physical shape, while an Environmental Product Declaration is predominantly concerned about the environmental impact a product creates.
Still, there are multiple differences between EPDs and HPDs, such as how:
👉 Despite their differences, both an Environmental Product Declaration and a Health Product Declaration are beneficial certifications for companies to acquire in order to boost the longevity and safety of their products.
An Environmental Product Declaration can only be acquired by conducting a relevant Life Cycle Assessment (LCA) and afterwards, usually through the assistance of a third-party to develop the EPD in accordance with the results acquired from the LCA.
It is important to realize that the time and effort necessary to curate a sufficient Environmental Product Declaration will be contingent on the complexity of your product, your current supply chain, and how much data your company currently has available.
👉 Therefore, companies that are already committed to working with a carbon accounting company like Greenly might find it easier to develop an EPD. Although it can prove time consuming and tedious, once approved – an Environmental Product Declaration will remain valid for up to five years.
Developing an Environmental Product Declaration often requires the following:
All in all, an Environmental Product Declaration is a great way to practice greater transparency and show the world your efforts to reduce your environmental impact. The process may seem overwhelming, but we promise – with the help of Greenly, we can make acquiring your Environmental Product Declaration and plenty of other certifications seem like a piece of cake.
If reading this article about the Environmental Product Declaration, or EPD, has made you interested in reducing your carbon emissions to further fight against climate change – Greenly can help you!
Seeking to understand how an Environmental Product Declaration, or EPD, could have an impact on your business can prove difficult to understand, but don’t worry – Greenly is here to help! Click here to book a demo and get personalized expertise on how you can start to reduce your own emissions and decrease your environmental impact.
Greenly can help you make an environmental change for the better, starting with a carbon footprint assessment to know how much carbon emissions your company produces.
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