There are many different approaches to life cycle thinking that all involve looking at life cycle-generated impacts and ways to minimize these impacts. An important component is the avoidance of burden shifting, which ensures that improvements in one stage are not achieved at the expense of another stage. Impact measurement focuses on decreasing environmental impact and resource use throughout all stages of a process.
Life-cycle assessment Life-cycle assessment (LCA or life cycle analysis) is a technique used to assess potential environmental impacts of a product at different stages of its life. This technique takes a "cradle-to-grave" or a "
cradle-to-cradle" approach and looks at environmental impacts that occur throughout the lifetime of a product from raw material extraction, manufacturing and processing, distribution, use, repair and maintenance, disposal, and recycling.
Life cycle management (LCM) Life cycle management is a business approach to managing the total life cycle of products and services. It follows the life cycle thinking that businesses, through the activities they must perform, have environmental, social, and economic impacts. LCM is used to understand and analyze the life cycle stages of products and services of a business, identify potential economic, social, or environmental risks and opportunities at each stage and create ways to act upon those opportunities and reduce potential risks.
Life cycle costing (LCC) Life cycle costing (or life cycle cost analysis) is the total cost analysis of a process or system. This includes costs incurred over the life of the system and is frequently used to find the most cost-effective means for providing goods and services.
Design for the Environment Design for the Environment Program (DfE) was created in 1992 by the
United States Environmental Protection Agency and works to prevent pollution and reduce the risks pollution presents to humans and the environment. The main goals of the DfE are to promote green cleaning, recognize safer industrial and consumer products through safer product labeling, define best practices in production and manufacturing, and identify safer chemicals for these processes based on life cycle thinking.
Product service system Product service systems (PSS) are sets of marketable products and services that work together to fulfill a user's needs. This approach is a result of firms realizing that services in combination with products can provide higher profits and customer satisfaction than simply selling products alone. Firms that use PSS work to find ways to maximize the use of their product throughout its lifetime, using services to supplement its usage. PSS has been seen to have a smaller environmental impact than traditional business models, as the focus on services has led to a decrease in material production and consumption. This applies to life cycle thinking because it involves looking at the life-cycle cost of a product (i.e. maintenance and storage costs) for a consumer and reducing that cost by providing services with the purchased good.
Integrated product policy (IPP) Integrated product policy works to minimize
environmental degradation caused by products by looking at all phases of a product's life cycle to pinpoint where taking action is most effective. This also uses a cradle-to-grave approach when looking at a product's life. In addition, it is important that policies avoid burden shifting and do not decrease environmental emissions at one stage of development at the expense of another. Integrated policy measures used to act upon recommendations include economic instruments, substance bans, voluntary agreements,
environmental labeling, and product design guidelines; the use of a variety of tools, rather than a single policy measure, is a central feature of an integrated approach. The
European Commission issued a
green paper on IPP on 7 February 2001. The
European Parliament initially viewed the Commission's proposals as "interesting" but "unsatisfactory", and called for "a more exhaustive and more cohesive policy proposal" to be put forward. The Commission subsequently adopted a
Communication on the subject on 18 June 2003, which was sub-titled "Building on Environmental Life-Cycle Thinking". The
Communication listed potential roles to be played by several stakeholders:
member states, industry,
consumer organizations,
environmental organizations and consumers. == Sectors==