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The three SDGs most relevant to hazardous chemicals along with the SDG indicator that references chemicals and the CFP Indicators most relevant to achieving the goal:
Goal 3 -- Ensure healthy lives and promote well-being for all at all ages:
- SDG indicator 3.9 -- “By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water and soil pollution and contamination.”27
- Relevant CFP Indicators: measuring chemical footprint (F2), the setting of goals to reduce hazardous chemicals (F1), and reduced Chemicals of High Concern (CoHCs) (F3).
Goal 6 -- Ensure availability and sustainable management of water and sanitation for all:
- SDG indicator 6.3 – “By 2030, improve water quality by reducing pollution, eliminating dumping and minimizing release of hazardous chemicals and materials, halving the proportion of untreated wastewater and substantially increasing recycling and safe reuse globally.”28
- Relevant CFP Indicators: measuring chemical footprint (F2), the setting of goals to reduce hazardous chemicals (F1), and accounting for reduced CoHCs (F3).
Goal 12 -- Ensure sustainable consumption and production patterns:
- SDG indicator 12.4 -- “By 2030, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water and soil in order to minimize their adverse impacts on human health and the environment.”29
- Relevant CFP Indicators: the entire suite of CFP Indicators align with achieving the “environmentally sound management of chemicals.” In fact, the entire CFP Survey is a proxy for measuring progress to SDG indicator 12.4.
According to the United Nations Principles for Responsible Investing (UN PRI), “achieving the SDGs is at the core of the responsible investment agenda over the next ten years.”30
- supports efforts to evaluate corporate progress towards the United Nations’ Sustainable Development Goals (SDGs) and compliance with 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.
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
- Vanessa Lochner , Kaiser Permanente
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.
- Sonja Haider, ChemSec
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, Trillium Asset Management, LLC
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.
- Barry Cik, Naturepedic
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.