External thermal insulation systems (ETICS) are relevant facade applications of functional components allowing to reduce energy consumption in buildings to fulfill the provisions of nearly Zero-Energy Buildings (nZEBs). ETICS systems generally are made of adhesives, thermal insulation material, renders with mesh reinforcement, primers, and finish coats. Their main parameters are thermal characteristics and durability, both determined by the specific composition of the systems. Growing concerns on the environment and depletion of natural resources drive the need for the determination of the environmental characteristic of ETICS due to its growing market demand. This analysis focuses on a life cycle assessment (LCA) of a commonly used EPS based ETICS system with four different renderings, produced in several locations. The scope of this study concerns raw materials extraction, transport, production, and energy provision up to the finished, packed, and ready-for-sale product at the factory gate. The authors compared the environmental impact allocated to the 1 m2 of the produced system by taking into account the thickness of EPS and within different environmental impact categories. The results of the current impacts were compared to those obtained five years earlier, considering the technological and environmental progress of the production process.