Sphera Tackles Scope 3 Emissions Reporting with Launch of its Automated Life Cycle Assessment Solution
CHICAGO, May 11, 2022 (GLOBE NEWSWIRE) -- Sphera®, a leading global provider of Environmental, Social and Governance (ESG) performance and risk management software, data and consulting services, today announced the launch of its new Life Cycle Assessment (LCA) Automation software, building upon the company’s existing LCA solutions. The move comes as investor and regulatory pressures surrounding the standardization and digitalization of end-to-end sustainability data measurement continue to mount, necessitating increasingly sophisticated and granular reporting and compliance tools.
Sphera’s next-generation solution integrates seamlessly with customers’ existing systems for rapid deployment, allowing customers to quickly receive holistic, real-time analysis and insights into the environmental footprint of their product portfolios. It also features extensive managed content that enables customers to instantaneously calculate their carbon footprint at scale and model how adjustments to specific variables—such as leveraging a cleaner power source or altering production processes—may affect emissions outputs.
The LCA Automation solution serves as an extension of Sphera’s existing Product Sustainability capabilities which include life cycle assessment software and content. The service allows a company to increase the number of LCAs by a factor of 1,000, in turn enabling the experienced LCA professional to focus on analyzing and improvin results, versus creating them.
The overarching goal of Sphera’s LCA Automation tool is to help businesses—especially those in sectors with complex supply chains, such as manufacturing, consumer goods, paints and chemicals—to more effectively reduce their greenhouse gas (GHG) emissions at every step of production, from design to disassembly. Improved forecasting will facilitate holistic corporate decisions with sustainability incorporated at each stage, allowing teams to proactively predict and control environmental impact.
Paul Marushka, Sphera’s CEO and president, says: “Historically, LCAs have been viewed as voluntary, ad-hoc add-ons to broader corporate sustainability efforts. However, with consumer awareness growing in-step with regulatory mandates to mitigate the effects of climate change, LCA Automation feeds into the highest needs of decarbonization. As recent moves from the EU, SEC and the latest IPCC report have shown, financial and reputational fallout from a failure to act are very much a ‘when’, not an ‘if’.”
Continues Marushka, “From helping engineers create more sustainable products to enabling procurement professionals to establish lower carbon emission supply chains, LCA Automation will transform decision-making, for the benefit of both businesses and our planet.”
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