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.
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.
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.
The Chemical Footprint Project provides an independent, third party assessment tool that will help companies to think about how to fully integrate their policies into procedures and vice-versa.
We need metrics for reporting and benchmarking overall corporate performance on chemicals management. CFP is a publicly developed standard which could allow us to benchmark, track and report our overall corporate chemical management performance going forward. We look forward to its launch in 2015.