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“CFP is a market differentiator and provides a competitive advantage for business leaders,” said Roger McFadden of Staples, Inc. “This new tool adds 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 provides 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 enables 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.
Companies need to know the chemicals in their products and supply chains, and be able to benchmark their performance. CFP offers a new and welcomed option for companies to make progress in these efforts.
- Sarah Vogel, Environmental Defense Fund
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.
- Jane Abernethy, Humanscale
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
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
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.”