The E-LCC method (Environmental Life Cycle Costing) is a technique of managing all costs for a product / service in a sustainability framework, taking into account the main categories of environmental impact (eg. global warming, eutrophication, acidification, depletion of resources) (Gerald Rebitzer and Shinichiro Nakamura, 2008 quoted from Seuring, 2003).
Benefits of using the E-LCC (Environmental Life Cycle Costing) method (Gerald Rebitzer and Shinichiro Nakamura, 2008):
Comparing costs between different stages of the life cycle
Identification of direct and indirect unforeseen costs
Reporting the improvements made by a company in terms of a product / service
Estimate improvements in changes to products, production processes, or services provided
Identification of win-win cases and agreements based on mutual agreements within the LCA (Life Cycle Assessment)
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