About this metric

  • Category: Environmental
  • Weight: Industry/location dependent
  • Balanced: Yes
  • Methodology: PremiumESG proprietary
In today's business landscape, environmental responsibility is a cornerstone of corporate sustainability. For small businesses, embracing this commitment is not only ethically sound but also integral to their long-term success. The key to fulfilling this commitment lies in understanding, measuring, and improving the right environmental metrics. In this section, we explore the significance of environmental responsibility and introduce the essential metrics that drive sustainable impact.

Environmental Metrics

Some of the metrics we use for Environmental impact are:

  • Carbon Emissions: This metric quantifies a company’s direct (Scope 1) and indirect (Scope 2) greenhouse gas emissions. It’s crucial in assessing a business’s efforts to mitigate climate change.
  • Energy Efficiency: Energy consumption, energy intensity, and the percentage of renewable energy sources used provide insights into a company’s environmental responsibility.
  • Waste Management: Waste generation, recycling, and waste diversion rates shed light on how well a company manages its environmental footprint.
  • Water Usage: Monitoring water consumption and efforts to conserve this finite resource are key environmental considerations.
  • Biodiversity Conservation: This metric focuses on how a business protects and restores biodiversity in its operations.
  • Product Lifecycle Assessment: Evaluate the environmental impact of your products or services throughout their entire lifecycle, from raw material extraction to disposal. This metric provides insights into your company's contribution to a circular economy.
  • Eco-Efficiency Ratios: Measure the efficiency of your resource use by calculating eco-efficiency ratios. This metric assesses how well your business is achieving its environmental goals while minimizing resource consumption.
  • Natural Resource Management: If your business relies on specific natural resources, such as forests or water sources, consider metrics related to the responsible management and conservation of these resources. This highlights your commitment to environmental stewardship and resource sustainability.

Our methodology

Our commitment to environmental responsibility extends to our rigorous methodology for assessing and measuring environmental metrics. We recognise that small businesses have unique environmental challenges and opportunities. To address these, we begin by tailoring our methodology to your specific industry, location, and business size. This customised approach ensures that the environmental metrics we evaluate are meaningful for your operations. We employ a combination of quantitative and qualitative data sources, both self-reported and third-party, to provide a comprehensive view of your environmental performance. Utilising proprietary algorithms, we calculate precise environmental ratings that accurately reflect your business’s impact on the environment. These assessments come complete with actionable recommendations, guiding you on a sustainable path to reduce your ecological footprint and improve your environmental performance