“CFP is making data available for benchmarking and gap analysis, which are critical for us to understand where our company and our suppliers are on the journey to more sustainable chemicals” -Zach Freeze, Senior Director for Sustainability, for Wal-Mart Stores, Inc.
Consumer-facing companies, especially in such sectors as household and personal products, face rising consumer demands for safer products.
The Chemical Footprint Project:
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 CFP data results are founded upon 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.
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.