The
CoClear
Calculator is due to come out in June to help businesses identify
sustainability factors of their operations. The product began as a collaboration
between Columbia University and PepsiCo.
This
calculator will also help businesses understand the impact of alternate
ingredients and methods. A feature of the calculator is to analyze any single
product or brand, but it will also be able to assess entire corporate
portfolios to project the impact of sustainable strategies.
CoClear
is an interactive and rather comprehensive tool with financial and
environmental metrics. In short, it appeals to the business sense of
corporations, while still meeting sustainable goals.
As
an example, CoClear could analyze a fictional yogurt company’s ingredients and
identify that coconut milk is its top ingredient. It could also analyze that
this ingredient makes up 37.14 percent of the company’s greenhouse gas
emissions while also accounting for 22.57 percent of the product line’s
expenses. With that information, the calculator can then assess changes in
these percentages if the company used dairy, nut, soy, or other coconut milk
substitutions.
Source: http://www.inquisitr.com/2097702/coclear-calculator-tracks-business-sustainability/