Indicates whether the organization has practices in place to manage the product life beyond the point of sale.
Product Lifecycle Management Practices (OI6209)
- Reporting Format Yes/No
- Metric Type Metric
- Metric Level Product/Service, Organization
- IRIS Metric Citation IRIS, 2020. Product Lifecycle Management Practices (OI6209). v5.1.
Footnote
Organizations should footnote the details about their product lifecycle management practices. See usage guidance for further information.
Usage Guidance
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This metric is intended to capture how an organization manages the environmental footprint of its product(s) beyond the point of sale, throughout the product's life. Product lifecycle management relies on the principle of a circular economy - an economy that is restorative by design, and which aims to keep products, components, and materials at their highest utility and value at all times.
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Examples of product lifecycle practices to footnote could include:
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- Product take-back, which includes reclaiming used products from end-consumers for redistribution (post refurbishment or remanufacturing), recycling, or safe disposal;
- Reuse programs involving redistribution initiatives towards underserved populations, subject to state or local laws;
- Product/service design intended to prolong durability or to rely on inputs with a circular option (reusable materials, renewable energy, etc.);
- Technology investments that enable circular business models;
- Product recycling that returns recovered biological resources to the biosphere and extracts biochemicals from organic waste.
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Organizations can refer to the following sources for further guidance:
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- Ellen MacArthur Foundation (http://www.ellenmacarthurfoundation.org/circular-economy/circular-economy)
- International Organization for Standardization (http://www.iso.org/iso/catalogue_detail?csnumber=37456)
Impact Categories & Themes
SDG Goals & Targets
Decent Work and Economic Growth
- SDG Target 8.4
Industry, Innovation and Infrastructure
- SDG Target 9.4
Sustainable Cities and Communities
- SDG Target 11.6
Responsible Consumption and Production
- SDG Target 12.3
- SDG Target 12.4
- SDG Target 12.5
- SDG Target 12.6
Metric History
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January 2020 - IRIS v5.1 Released (current version)
No change.
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May 2019 - IRIS v5.0 Released
No change.
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March 2016 - IRIS v4.0 Released
New metric. Product Lifecycle Management Practices (OI6209) developed via IRIS Taxonomy Group.
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