Know your product/service’s cradle to grave carbon footprint

Life Cycle Assessment (LCA) is a methodology for assessing environmental impacts associated with all the stages of the life cycle of a product, process, or service. The aim is to scientifically document, improve, establish and even compare against competitors the overall environmental profile of your product, process, or service.

 

For example, in the case of a manufactured product, environmental impacts are assessed from raw material extraction and processing (cradle), through the product's manufacture, distribution and use (gate), with the option of also including the stage of recycling or final disposal of the materials composing it (grave). An LCA study involves a thorough inventory of the energy and materials that are required across the industry value chain of the product, process or service, and calculates the corresponding emissions to the environment.

 

At Sustain Labs we use the SimaPro software, Ecoinvent database, and align our findings to ISO standards to ensure scientific excellence, accuracy, and international acceptance.

 

LCAs are needed for all products. processes, services.

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Approximate size: 30 pages

Delivery time: 3 months (depending on data availability) from date of agreement

 
Get your company’s annual business sustainability report

The Global Reporting Initiative (GRI) established in 1997 has evolved to become a prominent global standard setter for corporate sustainability reporting. It is accepted in 70 countries and widely read by stakeholders. The GRI framework for sustainability reporting is comprehensive across management, environmental, social and economic aspects of a company and it takes a company approximately 6 months to write. One of the salient features of the GRI framework is the flexibility and choice it provides to companies to report on relevant aspects. Another salient feature is that it is also the most accepted form of business sustainability reporting by capital markets including the BSE and other 32 stock exchanges across the world which consider the GRI based sustainability report as an official document and shares it with shareholders.

 

Many of the world’s leading sustainable companies report using the GRI reporting framework.

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Approximate size: 180 pages 
Delivery time: 5 months from date of agreement

 
If you are a start up and SME, do you have your company’s Environment-Social-Governance (ESG) report?

Focus on ESG matters in recent years has been driven by regulations and the push by asset management firms. Increasingly law makers are making it mandatory for companies to present an ESG report of their company.

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International
  • In the European Union (EU), starting March 2021, it is mandatory for any company seeking investments from EU investment firms and non-EU firms marketing in Europe to report their performance on ESG aspects of their company.

  • Internationally, over $100 trillion worth of investments are based on ESG principles and these assets are growing significantly.

  • Global inflows into sustainable funds were up 88% in the fourth quarter of 2020 to $152.3 billion compared to previous quarter. Assets in sustainable funds hit a record high of USD 1,652 billion as of the end of December 2020, up 29% from the previous quarter.

Indian
  • SEBI's expanded Business Responsibility and Sustainability Reporting is proposed to be applicable for the largest 1,000 listed entities by market capitalisation, on a voluntary basis for financial year 2020-21 and on mandatory basis thereafter.

  • In India, over the last decade, the country has attracted $10.8 billion in impact investments and these investment flows are growing at an annual rate of 26%. Most of the growth was realised in just 3 years 2018-20.

  • In total, India has currently 10 ESG funds out of which seven were launched post June 2020.

ESG reports are especially relevant for startups and mid sized companies.

Approximate size: 100 pages

Delivery time: 3 months from date of agreement

 
And indeed… your exemplary social footprint needs a Social Impact report

Accurate social impact reporting of an organisation’s actions is the most nuanced form of sustainability reporting. There are primary beneficiaries of a company’s actions but often the secondary beneficiaries and deep societal changes are equally important to capture in a scientific and data backed manner. The Social Return on Investment (SROI) is an effective and globally acceptable approach to do so.

Approximate size: 100 pages

Delivery time: 3 months from date of agreement

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We offer a very useful low hanging fruit.. your company’s SACR

The Sustainability Assessment Cube Report (SACR) is a unique report that helps your company dive deeper into its sustainability performance and have access to peer group performance, industry benchmarks, best practices and advice towards improving your company’s  sustainability performance. This report covers an assessment of your company’s performance across an exhaustive list of 6 sustainability aspects and 31 key performance indicators. Further, the report is customisable to your needs.

Approximate size: 40 pages

Delivery time: 1 month from date of agreement

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How credible is your
sustainability report?

Third party assurance certificates are a way for companies to boost the credibility of the disclosures made in their sustainability report. As an independent assurance provider, Sustain Labs employs a rigorous review of policies, processes, data and statements reported by the company. Upon satisfactory completion of the validation process, we provide the company with a certificate of assurance that is supported with our observations,  key findings and strategic recommendations. The assurance service is provided in the final stage of the company’s report writing process.

 

Why should your company opt for a third party assurance?

• Confirm the integrity of the published data and its compilation

• Review of the qualitative statements made in your sustainability report 

• Evaluation of your  internal governance frameworks 

• Demonstrate transparency and confidence in the sustainability impact of your company

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Approximate size: 3 pages

Delivery time: 3 months from date of agreement

 
Are you cleaning up your
value chain?

The GHG Protocol Corporate Standard classifies a company’s GHG emissions into three ‘scopes’.  Scope 1 emissions are direct emissions from owned or controlled sources.  Scope 2 emissions are indirect emissions from the generation of purchased energy.  Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions. 

 

Calculation and reporting of emissions from direct operations is now a standard practice adopted by most companies while assessing their sustainability performance. However, Scope 3 emissions contribute significantly to a product’s  life  cycle  emissions are often overlooked by companies. The absence of accounting for emissions along its value chain represents a lost opportunity for a company seeking to reduce its carbon footprint. Sustain Labs supports companies in addressing this gap in the following ways:

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  • Identification of GHG reduction opportunities in the value chain, 

  • Setting of GHG reduction targets and performance tracking

  • Supply chain sustainability strategy and compliance

Approximate size: 20 pages

Delivery time: 6 months from date of agreement

 
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Climate change is impacting
your company too. 
Have you assessed your
climate risks yet?

The uncertainties associated with climate change are a cause of significant direct and indirect impacts on companies. These include infrastructural damage, supply chain disruption, shifts in supply and demand for certain commodities, products or services, or policy interventions that impact some sectors more than others. In light of the financial implications of climate change on a company, creditors and investors are increasingly demanding the inclusion of credible climate-related risk information. Sustain Labs can help companies understand and manage their climate risks by supporting them in the following ways:

  • Compilation of company data as per TCFD guidelines

  • Identification of company’s climate risks

  • Development of climate risk management strategy

  • Management and reporting of climate risks

Approximate size: 50 pages

Delivery time: 5-15 months from date of agreement

 
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1,000+ companies have committed to SBTi. What about you?

The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector  by enabling companies to set greenhouse gas emissions reduction targets aligned with what  climate science shows is required to prevent catastrophic climate change. These targets show companies how much they need to reduce their GHG emissions in order to minimize their impacts on climate change and within what timeframe. 

 

In line with the methods prescribed by the SBTi, Sustain Labs works with companies in defining their emissions reduction and net zero targets, and supports them in the implementation of strategies for achieving these targets.

Delivery time: 12 months from date of agreement

 
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Is your report compliant with SEBI's new mandate?

SEBI has mandated India’s largest 1000 companies by market capitalization to publish a new report called the Business Responsibility and Sustainability Report (BRSR) from the financial year 2022-23 onwards. This is an expanded version of the BRR that includes a wider list of disclosures on ESG parameters. For companies outside of the largest 1000 list, this report is voluntary for now. Sustain Labs works with companies in the preparation of the BRSR through data collection, data compilation and report writing. 

Approx Size : 4 Pages

Delivery time: 1 month from date of agreement

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