New tool by NGOs & investors benchmarks companies on progress toward safe use of chemicals

Author: Susan Baker & Jeremy Cote, Trillium Asset Management; Constantina Bichta, Boston Common Asset Management; Richard Liroff, Investor Environmental Health Network, Published on: 18 December 2014

"New Third-Party Tool Measures Corporate Progress Towards Safer Chemicals - Public Data will Empower Responsible Investors to Recognize Leaders", 8 Dec 2014

Chemicals of concern are an increasing problem in today’s marketplace leading not only to environmental pollution and human health issues, but also a slew of hidden business liabilities and risks... In response to this problem, a group of corporate, NGO and investment firm leaders recently released a new program to identify corporate leadership in chemicals management. The Chemical Footprint Project (CFP) provides the first-ever common metric of its kind for benchmarking companies’ use of chemicals of high concern, and how they are responding to the increasing market demand for safer products. This independent, non-profit, third party and open source assessment tool will create a credible system of public recognition for commitment to addressing issues of chemical-related health and environmental impacts... [refers to Walmart, Target, Walgreen, CVS, Costco, Sony, Mattel, RC2]

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Related companies: CVS Mattel Sony Target Walgreen Walmart