Environmental Profit & Loss why, what, how? · 2018-11-16 · Roel Drost Ecochain . About Philips...
Transcript of Environmental Profit & Loss why, what, how? · 2018-11-16 · Roel Drost Ecochain . About Philips...
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Environmental Profit & Loss – why, what, how?
Juliette Herin Philips Innovation Services
Roel Drost Ecochain
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About Philips Innovation Services
Philips Innovation Services accelerates your business strive for business excellence and growth. We work for Royal Philips and all other companies.
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Philips EP&L - why
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• Strengthen Philips Sustainability program: Healthy People & Sustainable Planet
• Stimulate innovation and awareness in the Philips business units
• Investors & sustainability ratings
• Customer requests for data transparency • Environmental footprinting is becoming
the standard for communicating environmental performance
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Philips Environmental Profit & Loss account (EP&L) Based on Life Cycle Assessment methodology
EP&L discussed at General meeting of shareholders
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Product hotspots Components hotspots
Company hotspots
Supplier hotspots
Environmental Intelligence…
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How we did it…
Scope
1. Net Bill of Materials 2. Excluded packaging, consumables 3. Environmental benefits not included
Approach
* Resource depletion impact category is excluded in the
monetization
• LCA based on reference products • ReCiPe environmental impact
standard • Eco-Invent references • Monetization of ‘midpoint
indicators’*
• Cradle-to-grave • Entire product portfolio
based on ref. products1
• All business activities2 • All environmental impacts in
ReCiPe3 CE Delft environmental prices
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Philips EP&L - why unique
• Uses open source methodology & standards – every one can reproduce !
• Reasonable external assurance by EY
• It is software enabled, owned in-house (‘EcoChain’) and hence repeatable at low costs
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