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#NewMetrics '14 Panel Dives Into #SocialFootprint Approach for Ensuring Product Sustainability
#NewMetrics '14 Panel Dives Into #SocialFootprint Approach for Ensuring Product Sustainability

9 years ago - Thursday, the second afternoon at Sustainable Brands’ New Metrics ’14 conference, featured a follow-up deep dive session into the topic of one of the morning’s well-received plenary presentations — how to quantify a product’s “social footprint” as a next step in assessing sustainability.While the sustainability field has developed many ways to assess products’ environmental footprints, until now few tools have helped accurately measure the social impacts that products have on workers, local communities, suppliers, consumers and more throughout their life cycle.

Plenaries Unveil Next-Gen Goal-Setting Frameworks, Groundbreaking Product Assessments on #NewMetrics '14 Day 2
Plenaries Unveil Next-Gen Goal-Setting Frameworks, Groundbreaking Product Assessments on #NewMetrics '14 Day 2

9 years ago - It is no secret that markets are starting to demand a more complete picture of businesses' interactions with environmental and social realities of the world — a new, expanded set of success factors and risks to inform key stakeholders — or simply #NewMetrics. How New Metrics are conceived, brought to life, communicated effectively, and perfected over time, are the key questions metrics experts in the Sustainable Brands community are tackling this week at New Metrics '14, taking place in Cambridge, MA, in partnership with the Sustainability Initiative at the MIT Sloan School of Business.

The 'Human Dimension' – L'Oréal's Charles Duclaux on Measuring the Social Impacts of Products
The 'Human Dimension' – L'Oréal's Charles Duclaux on Measuring the Social Impacts of Products

9 years ago - PRé Sustainability has gathered industry leaders from L’Oréal, Marks & Spencer, Steelcase, BASF, BMW Group, DSM, Goodyear, Philips, AkzoNobel, Corbion, Ahold and Reckitt Benckiser for the Roundtable for Social Metrics, which has developed pioneering principles and metrics for social impact assessment. We spoke to Charles Duclaux, Head of Corporate Responsibility Reporting and Environmental Innovation at L'Oréal, about the Roundtable's new Handbook and L'Oréal's sustainability efforts at large.What can you tell us about L’Oréal’s sustainability strategy?

10 *Firsts* Coming Up at #NewMetrics '14
10 *Firsts* Coming Up at #NewMetrics '14

9 years ago - As we get closer to my personal favorite among the growing list of Sustainable Brands events — New Metrics, this year in collaboration with the MIT Sloan School of Management — I am finding it hard not to engage complete strangers on the street in excited attempts to share bits and pieces of the powerful program we have put together. Without trying to be too self-congratulatory about it, allow me to let some of that energy out by sharing 10 highlights — more specifically, 10 firsts — that will take place in the New Metrics plenary program in just over two weeks. All of these highlights will deliver either exclusive launches or results presented for the first time to a live audience. Here go the teasers:

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How Understanding Your Products' Social Footprints Helps Create Business Value
How Understanding Your Products' Social Footprints Helps Create Business Value

9 years ago - Recent significant advances in both sustainability assessment and societal awareness have resulted in businesses placing growing importance on full product value chain transparency. This relates to the need to investigate social impacts throughout products’ values chains and make them visible. Understanding and addressing social impacts has become an increasingly important value driver for frontrunner companies in the sustainability arena.

12 Industry Leaders Unveil Methodology for Assessing Social Impacts of Products
12 Industry Leaders Unveil Methodology for Assessing Social Impacts of Products

9 years ago - A group of companies united in the Roundtable for Product Social Metrics today announces the publication of the Handbook for Product Social Impact Assessment, a practical tool for assessing a product’s social impacts throughout its life cycle. The handbook is the result of a unique collaborative effort of a group of market leaders across a variety of industries.

5 More Reasons Every Business Should Care About New Metrics
5 More Reasons Every Business Should Care About New Metrics

9 years ago - If you are a regular or even semi-regular reader of Sustainable Brands’ digital content, you are likely familiar with our New Metrics (#NewMetrics) events and publications. In case you are new to this topic, the frame around it is fairly straightforward: New Metrics is an umbrella term for the most successful ways businesses are creating and capturing entirely new forms of value, or quantifying previously ignored economic, social and environmental impacts and opportunities. The number of examples is growing — and trust me, having studied them for a few years now, I can spend all day listing their benefits to you.

How to Make (Sustainability) Data Work for You
How to Make (Sustainability) Data Work for You

9 years ago - In the business world we are inundated with data on a daily basis: from bill of materials, formulations, and purchasing records to customer transactions, production volumes and utility bills. The amount of data available for use within organizations continuously increases — so much so that we aren’t just talking about “data” anymore, but “big data,” which puts us into a part of the metric system that I’m not sure we even learned back when I was in elementary school (petabytes of data anyone?). We all recognize there is a lot of data embedded within our business systems, but the real question is, how do we access, filter, organize and ultimately analyze all this data so that it turns into information — and more importantly, information that feeds into intelligent decision-making?

How a Life Cycle-Driven Business Model Can Increase Sustainable Impact
How a Life Cycle-Driven Business Model Can Increase Sustainable Impact

9 years ago - There are now a rash of sustainable business models — sharing economy, eco-design, circular economy and many others — all with their good points and their fifteen minutes of fame. Even if companies have good products and a thorough understanding of their customers’ needs, using the wrong business model means not all of them succeed in achieving their sustainability business goals.Know What Your Hotspots Are

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#SB14sd: PRé Offering Free Sustainability Metrics Assessments for Innovative, Sustainable Startups
#SB14sd: PRé Offering Free Sustainability Metrics Assessments for Innovative, Sustainable Startups

9 years ago - PRé has long been the metrics solutions partner for first-movers in a variety of industries aiming to create business value from sustainable products. Perhaps best known for its industry-standard SimaPro LCA software, PRé profoundly believes in the possibility and viability of a sustainable future and the crucial role metrics can play in that transformation.So in the interest of furthering business’ positive impacts from the ground up, PRé has announced that, through the end of the year, it will provide complimentary sustainability metrics assessments to promising mission-driven startups, in order to accelerate their expansion.

SupplyShift's Interactive Platform Crowdsources Best Industry Metrics, Fosters Competitive Improvement
SupplyShift's Interactive Platform Crowdsources Best Industry Metrics, Fosters Competitive Improvement

9 years ago - In the weeks leading up to the Sustainable Brands Innovation Open (SBIO) finals on June 4th, where the runner-up will be decided via live online public vote, we will get to know our 11 semi-finalists. Today, meet SupplyShift.Almost two years ago, after six years of consulting, James Barsimantov Ph.D. found that there was a need for a cloud-based supply chain management platform. His answer, SupplyShift — which he co-created with Alexander Gershenson Ph.D. and Dustin Mulvaney Ph.D. — combines performance information from multiple suppliers on a shared platform, enabling companies to reduce risk and drive supply chain-wide improvements in efficiency.

Measuring the Social Footprint of Products — Why Bother?
Measuring the Social Footprint of Products — Why Bother?

9 years ago - For over 20 years, PRé has been the metrics solutions partner for first-movers in a variety of industries aiming to create business value from sustainable products. Perhaps best known for their pioneering SimaPRO LCA software, PRé has recently shifted its focus to examine the social impacts of products. We spoke with Renée Morin, president of PRé North America, to find out more about the company’s new direction and what it has learned so far.

PRé and SupplyShift Join Forces to Tackle Challenges of LCA, Supply Chain Sustainability
PRé and SupplyShift Join Forces to Tackle Challenges of LCA, Supply Chain Sustainability

9 years ago - Sustainability software and consulting firm PRé has announced a partnership with supply chain software company SupplyShift to tackle the challenges inherent in the twin fields of life cycle assessment (LCA) and supply chain sustainability, and to use the strengths of each field to support the other. These challenges involve (1) dealing with the lack of primary supplier data in LCA inventories, (2) streamlining complex data collection and management issues in supply chain efforts, (3) circumventing inefficient duplicate data requests, and (4) facilitating the use of sustainable sourcing to reduce the environmental impacts LCA identifies.

Report: Product Sustainability Investments Will Accelerate as Business Benefits Revealed
Report: Product Sustainability Investments Will Accelerate as Business Benefits Revealed

10 years ago - Corporate spending on product sustainability initiatives will likely accelerate as sustainable product pioneers such as H&M, Nokia and PUMA share evidence of the business benefits they have achieved, according to a new report from independent analyst firm Verdantix. The study draws on data from a survey of 250 heads of sustainability in 13 countries, as well as interviews with product sustainability experts at PE International, PRé Consultants, Pure Strategies and Quantis.

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