“As investors, we want to know that the companies we are investing in are well-managed. The Chemical Footprint Project provides an effective framework for companies to communicate complex chemicals management issues – across their supply chain — to all of its stakeholders.” -Seth Magaziner, General Treasurer of the State of Rhode Island
“For investors, hazardous chemicals represent 'the new carbon.' Similar to greenhouse gas emissions, the investment community needs to grasp the implications of this evolution in chemical knowledge and action to fulfill our fiduciary duty and contribute to a more sustainable future.” -Dr. Jan Amrit Poser Chief Strategist & Head Sustainability, Bank J. Safra Sarasin Ltd.
In an environment where chemical regulation and market demands for safer chemicals are increasing, investors require clear, comparable information to assess company strategies for evaluating progress toward the use of safer chemicals, and away from chemicals of high concern to human health and the environment.
The Chemical Footprint Project:
supports efforts to evaluate corporate progress towards the United Nations’ Sustainable Development Goals (SDGs)* and compliance with Sustainability Accounting Standards Board (SASB) standards;
offers insights into corporate chemicals management and supply chain management;
is a proxy for good corporate governance practice and comprehensive sustainability programs;
provides a platform for engaging companies in a dialogue on their chemicals management initiatives; and
informs investment decision making.
*Click here to see how the SDGs relate to the CFP Indicators
The Chemical Footprint Project gives companies across all industries tools to evaluate their progress in reducing Chemicals of High Concern and proactively identify opportunities for further action,
- Joyce Taylor
CFP greatly simplifies the complex issue of chemicals management. We now have a tool that is available for plugging into purchasing decisions.
- Monica Nakielski
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.
- Susan Baker
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.
- Roger McFadden
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.
- Richard Liroff
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.