Alfa Laval launches pioneering solution to support sustainable practices in line with upcoming directives

Rhea-AI Summary

Alfa Laval (ALFA) introduces the Life-cycle Assessment Solution to address the EU Corporate Sustainability Reporting Directive (CSRD) and the EU Green Claims Directive, aiding food and beverage customers in demonstrating environmental impact and compliance.

Positive

• Innovative software service to support sustainability reporting
• Alignment with EU directives promoting transparency and ethical conduct
• Meeting stakeholder expectations for responsible business practices

Negative

• Potential challenges for companies in verifying green claims and ensuring supply chain transparency

LUND, Sweden, Dec. 19, 2023 /PRNewswire/ -- Based on the strategic importance of sustainability, Alfa Laval introduces the Life-cycle Assessment Solution, an innovative software service. The service tool can provide input for the EU Corporate Sustainability Reporting Directive (CSRD) and address the EU Green Claims Directive. It will help Alfa Laval's food and beverage customers to specify necessary data demonstrating their environmental impact and compliance with the coming directives.

As consumers, investors and other stakeholders prioritize sustainability, the Corporate Sustainability Reporting Directive (CSRD) mandates companies to report their sustainability impacts and risks. Applicable to large EU organizations from 2024, CSRD ensures consistent and standardized measurements, promoting transparency in disclosing social and environmental initiatives. Compliance isn't just a legal requirement but a strategic commitment to ethical conduct, aligning with the stakeholders' expectations for responsible business practices and a sustainable future.

The EU Green Claims Directive, on the other hand, demands authenticity in environmental marketing. Companies must verify green claims, aligning with consumer expectations for transparency. This directive sets clear guidelines for credible communication of eco-friendly initiatives in the EU, fostering trust and meeting the demand for genuine sustainability efforts. The Green Claims Directive is expected to enter into force in 2024 with a start-up period between 2024 to 2027.

To comply with these directives, companies and organizations must demonstrate supply chain transparency, requesting and reporting data from suppliers to verify due diligence in achieving sustainability goals. For instance, EU estimates that more than 50 percent of current environmental sustainability claims can be categorized as greenwashing due to a lack of verifiable data.

About the solution

The Alfa Laval Life-cycle Assessment Solution complying with ISO14040/44 enables the food & beverage companies to support the directives and to navigate in the sustainability reporting and communication through comprehensive environmental monitoring, addressing climate impact, freshwater use, land management, and fossil fuel dependency, providing valuable environmental input in line with the directives.

"Alfa Laval's solution not only meets upcoming directives but also goes beyond, offering a reliable and comprehensive tool for businesses to reduce emissions from their processing lines. Our customers will now be able to provide vital data to demonstrate their environmental impact, which will be essential for them to remain competitive in the food and beverage sector," says Nish Patel, President of the Food & Water Division.

Based on the European Commission's endorsement of the Environmental Footprint Methodology (3.0), the Life-cycle Assessment Solution offers up-to-date, clear environmental impact data. The software provides supply chain transparency through lifecycle analysis, empowering the food and beverage industry in making informed and sustainable decisions.

This is Alfa Laval

Alfa Laval is a world leader in heat transfer, centrifugal separation and fluid handling, and is active in the areas of Energy, Marine, and Food & Water, offering its expertise, products, and service to a wide range of industries in some 100 countries. The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets. Together, we are pioneering positive impact.

Alfa Laval has 20,300 employees. Annual sales in 2022 were SEK 52.1 billion (approx. EUR 4.9 billion). The company is listed on Nasdaq Stockholm.                     

For more information please contact:

Eva Schiller
PR Manager, Alfa Laval
Mobile: +46 709 38 71 01
eva.schiller@alfalaval.com

Johan Lundin             
Head of Investor Relations, Alfa Laval                           
Tel: +46 46 36 65 10                                                     
Mobile: +46 730 46 30 90

Regarding the specific solution, contact:

Sumit Pingle
VP Business unit Food Systems, Food & Water Division
Alfa Laval
Mobile: +45 2777 8753
sumit.pingle@alfalaval.com 

 

The following files are available for download:

https://mb.cision.com/Main/905/3895863/2501896.pdf	PR_LCA_231219_ENG_FINAL
https://news.cision.com/alfa-laval/i/food-and-beverage,c3250327	Food and beverage
https://news.cision.com/alfa-laval/i/lifecyccle-assessment-solution-pc,c3250328	Lifecyccle Assessment Solution PC

 

View original content:https://www.prnewswire.com/news-releases/alfa-laval-launches-pioneering-solution-to-support-sustainable-practices-in-line-with-upcoming-directives-302018662.html

SOURCE Alfa Laval

FAQ

What is the Life-cycle Assessment Solution introduced by Alfa Laval (ALFA)?

The Life-cycle Assessment Solution is an innovative software service designed to help food and beverage customers specify necessary data demonstrating their environmental impact and compliance with the EU Corporate Sustainability Reporting Directive (CSRD) and the EU Green Claims Directive.

What is the EU Corporate Sustainability Reporting Directive (CSRD) and its significance?

The CSRD mandates companies to report their sustainability impacts and risks, promoting transparency and standardized measurements to align with stakeholder expectations for responsible business practices.

What is the EU Green Claims Directive and why is it important?

The EU Green Claims Directive sets clear guidelines for credible communication of eco-friendly initiatives, aiming to foster trust and meet the demand for genuine sustainability efforts in the EU.

How can companies comply with the directives and demonstrate supply chain transparency?

Companies and organizations must request and report data from suppliers to verify due diligence in achieving sustainability goals, as more than 50 percent of current environmental sustainability claims are categorized as greenwashing due to a lack of verifiable data.

What are the potential challenges for companies in complying with the directives?

Companies may face challenges in verifying green claims and ensuring supply chain transparency to meet the requirements of the EU directives.