Third-Party Benchmark Supports Investors, Purchasers, and Brands in Assessing Chemical Risks
May 19, 2016 – In the first initiative of its kind to publicly benchmark corporate chemicals management, the Chemical Footprint Project (#ChemicalFootprint) today published its inaugural report. The results provide valuable insights into how leading companies manage chemicals in their products and supply chains, and how all companies might manage these issues in the future.
“Chemicals in products and supply chains can be a hidden liability that can bear significant reputational risks for companies,” said Constantina Bichta of Boston Common Asset Management. “As investors, we ask portfolio companies to assess chemicals used in their value chain and seek safer alternatives. The Chemical Footprint Project (CFP) addresses a significant gap in chemicals supply chain assessment, where companies are able to assess chemicals used in supply chain, benchmark their performance relative to their peers, and identify areas for improvement.”