Tag Archive for: ESG

ELFIN Consulting – Organizational Life Cycle Assessment (2022)

Each billed consulting hour led to 0.93 kg of CO2 emissions. How do we know this?

We’ve taken a deep dive into understanding the environmental impacts of our immaterial consulting services through a comprehensive Organizational Life Cycle Assessment (LCA).

Key Findings

Here’s a sneak peek at some key findings:

  • Each billed consulting hour led to 6.3 m³ of water consumption or 0.93 kg CO2 emissions.
  • Each employee’s overall work in 2022 potentially:
    • Affected human life quality across the life cycle by 82.2 micro Disability-Adjusted Life Years (DALYs), which equal the sum of years of life lost (YLLs) and years lived with disability (YLDs) resulting from impacts of emissions of harmful substances having effects on human health.
    • Damaged ecosystems by 34 milli species-years, expressed as the Potentially Disappeared Fraction of species over one square meter and during one year caused by emissions of harmful substances.
    • Impacted resource availability by 38,447 €, which quantifies the future costs for extraction of resources as a consequence of current depletion.

Our commitment doesn’t stop here!

For the next iteration, we’re expanding our LCA to include circularity and social metrics, aiming for a more holistic understanding. Expect innovative approaches to assess both ‘negative footprint’ and ‘positive handprint’ impacts.

These insights will shape our internal sustainability/ESG strategy, identifying hotspots and guiding improvement measures.

Reach Out for More Information

For further details on how we can support your company in getting its LCA, reach out to Dr. Michael Kühnen or  Cansu Gedik.

And don’t forget to download our comprehensive 2022 LCA Report.

What does CSRD and ESRS exactly mean for your business?

 

What’s Happening

The European Commission’s new Corporate Sustainability Reporting Directive (CSRD) signals a significant shift in sustainability reporting practices. It mandates reporting for a wider range of companies, moving from voluntary to compulsory disclosure. This impacts companies of all sizes, from large corporations to medium-sized enterprises and supply chain partners.

This shift requires immediate attention and strategic planning to ensure compliance and seize the opportunities it offers. Essentially, the CSRD is not just about compliance—it’s about shaping the future of sustainable business practices in the EU. It presents an opportunity for companies to demonstrate their commitment to sustainability, enhance their reputation, and stay competitive in an increasingly environmentally and socially conscious market.

What It Means for Companies

The CSRD broadens the scope of companies covered by sustainability reporting and transitions from voluntary to mandatory disclosure. Companies will now be held accountable for their sustainability efforts in a more transparent and standardized manner.

Utilizing the European Sustainability Reporting Standards (ESRS) framework, companies will need to provide comprehensive and reliable sustainability information, ensuring consistency and comparability in reporting.

How We Can Support You

At ELFIN Consulting GmbH, we’re dedicated to guiding you through this transition. Our team of sustainability and communications specialists offers tailored support to enhance sustainability performance and ensure compliance with the new reporting regulations. From analysis to implementation, we’re here to help your company prepare for the CSRD.

Reach Out for More Information

For further details on how we can support your company in complying with the CSRD and maximizing the benefits of sustainable reporting, reach out to Dr. Michael Kühnen or  Cansu Gedik.

And don’t forget to download our comprehensive CSRD Guide for a deep dive into the changes.