“CFP is a market differentiator and provides a competitive advantage for business leaders,” said Roger McFadden of Staples, Inc. “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.”
Issues for Retailers
- Consumers care about health: Study after study shows that consumers value products that are safer for themselves and their families.
- Toxic chemicals cause health related diseases:
- 3% of developmental disabilities
- 5% of childhood cancer
- 10% of diabetes, Parkinson’s Disease, and neuro-developmental disabilities
- 10% of children’s neurobehavioral disorders
- 30% of childhood asthma
- Until CFP, retailers lacked the means to evaluate suppliers on their overall management policies and practices.
Value for Retailers
- Creates a clear, common logic for evaluating corporate chemical management performance.
- Provides easy to use results: CFP will provide retailers with data that readily enables comparisons of suppliers on their corporate-wide chemical footprint.
- Measures supplier progress on chemicals performance: the data on which the easy-to-use CFP results rests arise from an in-depth assessment of suppliers’ policies and practices, specifically:
- Management Strategy: corporate policies for chemicals management.
- Chemical Inventory: what suppliers know about chemicals in products and manufacturing.
- Progress Measurement: how suppliers assess chemicals, whether they select safer alternatives, and their overall progress in reducing toxic chemical use.
- Public Disclosure: how much information suppliers release to the public about chemicals in their products and their overall chemicals management practices.
- Fills a critical missing gap in sustainability data: the CFP data will enable retailers to evaluate companies on all their key sustainability metrics, including chemicals and health.
- Empowers retailers to request chemical footprint data from their suppliers.
- Identifies opportunities for improving supplier performance: retailer requests for chemical footprint data can prompt suppliers to improve their chemical management policies and practices.
- Enables retailers to recognize and reward suppliers for doing well.
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.
- Annie Schmidt, Seagate Technology, LLC
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
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.
- Jessica Iclisoy , California Baby
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.