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Strategic sustainability: Creating business value with life cycle analysis

Author

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  • Buxel, Holger
  • Esenduran, Gökçe
  • Griffin, Scott

Abstract

Markets are increasingly demanding more sustainable products and services, as well as more information about the environmental qualities of the products and services they use. To meet market expectations, modern management needs powerful tools that can create an understanding about the environmental traits of products and services and how these products and services can be made more sustainable. The environmental life cycle assessment (LCA) approach is one such powerful tool that can evaluate the environmental aspects and impacts of a product or service from cradle to grave. While LCA was originally designed to support decisions in the environmental engineering area, it is a tool that can also be used managerially to develop valuable and fact-based sustainability strategies within the company regarding its products and services. Recent examples from industry leaders report exciting evidence of the power of LCA. This article introduces the LCA method as a management decision tool, and illustrates its value creation potential through multiple industry examples.

Suggested Citation

  • Buxel, Holger & Esenduran, Gökçe & Griffin, Scott, 2015. "Strategic sustainability: Creating business value with life cycle analysis," Business Horizons, Elsevier, vol. 58(1), pages 109-122.
    • Handle: RePEc:eee:bushor:v:58:y:2015:i:1:p:109-122
    DOI: 10.1016/j.bushor.2014.09.004
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    Citations

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    Cited by:

    1. Blanco, Christian & Caro, Felipe & Corbett, Charles J., 2017. "An inside perspective on carbon disclosure," Business Horizons, Elsevier, vol. 60(5), pages 635-646.
    2. Marco Bertoni, 2017. "Introducing Sustainability in Value Models to Support Design Decision Making: A Systematic Review," Sustainability, MDPI, vol. 9(6), pages 1-31, June.
    3. Francesco Galati & Barbara Bigliardi & Alberto Petroni & Claudia Pinna & Monica Rossi & Sergio Terzi, 2019. "Sustainable Product Lifecycle: The Role of ICT," Sustainability, MDPI, vol. 11(24), pages 1-4, December.
    4. Carlos Humberto Hurtado-Jaramillo & Ming-Chuan Chiu & Núria Arimany-Serrat & Xavier Ferràs & Dulcinea Meijide, 2018. "Identifying Sustainability-Value Creation Drivers for a Company in the Water Industry Sector: an Empirical Study," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 32(12), pages 3961-3978, September.
    5. Marshall, Donna & O’Dochartaigh, Aideen & Prothero, Andrea & Reynolds, Orlagh & Secchi, Enrico, 2023. "Are you ready for the sustainable, biocircular economy?," Business Horizons, Elsevier, vol. 66(6), pages 805-816.
    6. Giulia Goffetti & Daniel Böckin & Henrikke Baumann & Anne‐Marie Tillman & Thomas Zobel, 2022. "Towards sustainable business models with a novel life cycle assessment method," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2019-2035, July.
    7. Mateusz Lewandowski, 2016. "Designing the Business Models for Circular Economy—Towards the Conceptual Framework," Sustainability, MDPI, vol. 8(1), pages 1-28, January.
    8. Bartolozzi, Irene & Rizzi, Francesco & Frey, Marco, 2017. "Are district heating systems and renewable energy sources always an environmental win-win solution? A life cycle assessment case study in Tuscany, Italy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 408-420.

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