ESG Report2025 v2 - Flipbook - Page 33
By integrating LCA into
our ESG framework, SMI
will be able to identity
the largest contributors
towards our footprint
across our products, helping
us work with our supply
chain partners not only
reduce the environmental
footprint through but also
position themselves
as forward-thinking,
responsible players in
the marketplace.
ENHANCED SUSTAINABILITY
PRACTICES
SMI: ESG REPORT 2025
BENEFITS
OF LCA TO
A BUSINESS
• Identi昀椀es opportunities to reduce
environmental impact by highlighting hot
spots for high-impact areas.
• Supports ESG goals and aligns with
sustainability standards and demonstrates
commitment to environmental stewardship.
• Provides valuable data on consumer
preferences for sustainable products.
COST SAVINGS
• Helps minimise waste and
resource usage, reducing
production and operational costs.
REGULATORY
COMPLIANCE
• Assists in meeting environmental
regulations and certi昀椀cations
(e.g., ISO 14040 standards).
Preparing businesses for stricter
future environmental laws.
IMPROVED PRODUCT
DESIGN
• Drives innovation by inspiring
eco-friendly product designs or
materials.
RISK MANAGEMENT,
TRANSPARENCY & REPUTATION
BUILDING
• Identi昀椀es potential environmental risks early,
mitigating liabilities.
• Provides data to manage supply chain
sustainability risks e昀昀ectively.
• Demonstrates commitment to environmental
stewardship.
• Provides valuable data on consumer
preferences for sustainable products.
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