What is the Chemical Footprint Project? How can I participate?
The Investor Environmental Health Network welcomes the launch of the Chemical Footprint Project. For too long chemicals and health have been missing pieces in Environmental Social Governance (ESG) assessments. Now we have a tool that investors can use to fill in this critical information.
We see the Chemical Footprint Project enabling us to quickly recognize and reward suppliers for doing what matters most to us in health care, which is implementing systems to ensure their products and supply chains use safe and healthy chemical ingredients
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.
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.”