EPS weighting factors - version 2020d
The report publishes EPS version 2020d (D=default). EPS includes an impact assessment (characterization and weighting) method for assigning a monetary value to emissions and use of natural resource. The results of the EPS impact assessment method are damage costs for emissions and use of natural resources expressed as ELU (Environmental Load Units). One ELU represents an externality corresponding to one Euro environmental damage cost. EPS version 2020d is intended to replace earlier versions.
The EPS system was developed in its first versions in the 1990ies. EPS includes an impact assessment (characterisation and weighting) method for assigning a monetary value to emissions and use of natural resource. The results of the EPS impact assessment method are damage costs for emissions and use of natural resources expressed as ELU (Environmental Load Units). One ELU represents an externality corresponding to one Euro environmental damage cost. The system was aiming to be used for identifying environmental priority strategies in product design and in other situations where there is a need to include environmental aspects in analyses and decision, such as Life Cycle Assessment (LCA). Later it has been used for other purposes like investments and Environmental, Social, and Corporate Governance (ESG). This report describes the 2020 default version, called EPS 2020d, and particularly its weighting factors, and is intended to replace the 2015d and 2015dx versions.