Now Available: Novel Product Social Impact Assessment Method
Today marks the release of the Handbook for Product Social Impact Assessment, a leading-edge methodology that allows businesses to measure the social footprint of their products. The Roundtable for Product Social Metrics is making this methodology available for free, putting this high-impact tool in the hands of businesses who want to improve sustainable product development and social sustainability throughout their product’s life cycle and supply chain.
What Social Impact Related Risks Hide In Your Product’s Life Cycle?
Just like production methods have positive or negative effects on the natural environment, they also have positive or negative effects on the health and well-being of people and communities. In today's fast-paced and transparent communications world, consumers are very aware of the social impacts of products and brands. This can be an advantage: brands can be rewarded by showing great social responsibility or achieving high scores on social impact metrics. But the life cycle of a product nowadays is complex and global, which means businesses also face many risks related to social impacts: if something goes wrong anywhere in the supply chain, use phase, or end of life stages of a product, consumers are quick to hold the brand responsible.
Life Cycle Based Product Social Impact Assessment Method
The Roundtable for Product Social Metrics is a unique collaborative effort of twelve multi-industry market leaders and PRé Sustainability, marking the first time that businesses of this size and scope have come together to break new ground in sustainability.
The innovative Product Social Impact Assessment methodology helps businesses assess their products’ social impacts from design to disposal; and it’s based on life cycle thinking. The method identifies social hotspots and improvement opportunities throughout the life cycle of a product, and does not just focus on the supply chain and managing risks. The method was developed based on international standards and consultations with researchers and industry experts, and thoroughly tested by the Roundtable participants.
The Roundtable is now making the Handbook for Product Social Impact Assessment available for free, giving sustainability professionals worldwide the tools to get started with social sustainability.
- To learn more about the method and where to find the Handbook, please visit the website for Product Social Impact Assessment.
- To learn more about the release of this method please read the press release.
‘I believe that sustainability is changing businesses and people’s mindset. It’s here to stay. You can see the same trend in the way people are communicating nowadays through online channels, such as social media. The Internet allows people to keep in touch on a personal level, even when doing business.’