Life Cycle Management - A Business Guide to Sustainability
by: United Nations Environment Programme (UNEP)
The journey towards sustainability requires that businesses should find innovative ways to be profitable and at the same time expand the traditional frontiers of business to include the environmental and social dimensions, in other words take
account of “the Triple Bottom Line”, and to introduce “Life Cycle Thinking”.
Life Cycle Management (LCM) aims to minimize the environmental and socio-economic burdens associated with product or product portfolio throughout its entire life cycle and value chain. LCM makes life cycle thinking and product sustainability operational for businesses through continuous improvements of product systems, as well as, supporting business assimilation of, for example, integrated product policies.