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CFP provides the definitive tool for measuring overall corporate chemical management performance. We look forward to its widespread use in the furnishings sector where a credible, third party benchmarking of chemical performance is missing, yet needed.
Corporate performance in chemicals management varies widely, from barely being in compliance with regulations to capturing new markets through innovative products based on safer chemicals. We look forward to using a tool that rewards innovators for using safer substitutes.
CFP is a market differentiator and provides a competitive advantage for business leaders. This new tool will add a level of transparency and help companies mitigate reputational and regulatory risks and exploit opportunities afforded by moving to safer chemicals.
Participating in the Chemical Footprint Project pilot led us to develop a formal chemical policy that will be included on our website. Our chemicals policy and its successful implementation is the very heart of our company philosophy.
Hazardous chemicals “present reputational, regulatory, and reformulation risks across a broad range of industry sectors. Investors need to understand how companies are meaningfully managing these risks.”