Question

Consider a company manufacturing a specialty chemical product. The company’s research team has developed a new...

Consider a company manufacturing a specialty chemical product. The company’s research team has developed a new process to manufacture the product using a renewable feedstock, rather than a crude oil derived feedstock. Assume that nothing else about the process changes. Explain what types of metrics the company might use to assess the potential improvements to sustainability resulting from this change.

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Answer #1

Sustainable Development Progress Metrics is recommended one to asses the potential improvements to sustainability resulting in change in raw material from crude oil derived feedstock(non renewable ) to renewable feed stock.

This metrics include

1)Economic indicators

2)Enviornmental indicators

3)Social indicators

1)Economic indicators:Key to sustainability is the economic stability or making profit to any company. This provide Profit margins ,revenue etc .

2)Enviornmental indicator :-will give an impact study on resource usages,emissions, effluents and waste and the products and services produced & their impact to the enviornment

3) Social indicators:-This indicates the social commitment of the company

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