Numerous sustainability assessment methods, especially environmental
performance evaluation tools, have been developed to assess environmental
performance of the process industry. Typically, environmental performance
indicators cover only primary emissions and consumption without any recognition
of secondary environmental burdens from auxiliary processes outside the plant
boundaries. Therefore, the environmental impacts of the production site might
be decreased whereas the overall environmental performance is not necessarily
improved. The overall objective of our research project is to develop a sustainability
index that comprehensively and reliably captures the environmental, economic,
and social sustainability of an industrial plant. In this paper, we present this work
on environmental and economic sustainability metrics for the metal production
industry and two hypothetical process industry case studies on the application of
the developed metrics. We develop both appropriate indicators and an example
of an environmental and economic sustainability index that is also tested in two
process industry case studies. Our assessment approach integrates indicators
and life cycle assessment by expanding the scope of the typical environmental
performance indicators. By this approach, the evaluation not only concentrates on
the activities at the plant site, but also covers the emission sources that are indirectly
connected to the actual production process. As a result, this approach provides
comprehensive information for decision-makers on both the environmental impacts
caused by plant operations and economic implications of alternative decisions. In
addition, we present a discussion of according EU and Finnish legislation and their
implications for both the management and assessment of plant level environmental
and economic sustainability performance.