Procter & Gamble is to make its environmental sustainability scorecard analysis tool freely available to for use by any company.
The Excel-based tool, launched last year, enables companies to measure and interpret key environmental sustainability metrics across their supply chains and identify progress as well as opportunities for improvement. It measures absolute or intensity improvements in nine key metrics including energy use, water use, waste disposal and greenhouse gas emissions on a year-to-year basis, P&G says.
P&G estimates that the scorecard has led to nearly $1 billion in bottom-line operational savings from reductions in energy, water, waste and CO2 at its facilities over the past ten years.
By providing this tool for free, P&G says it hopes to enable other companies to more purposefully focus on improving their environmental footprint without investing in the development of analysis software. The scorecard and analysis tool are available here.
P&G has been increasing the openness of its business in other ways recently. The company is hoping to generate $3 billion in annual sales from products jointly developed with innovators from outside the firm.
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