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BENCHMARKING CORPORATE MANAGEMENT OF SAFER CHEMICALS IN CONSUMER PRODUCTS--A TOOL FOR INVESTORS AND SENIOR EXECUTIVES
Richard A. Liroff
This article identifies innovative corporate programs to reduce product toxicity, and offers a governance framework of benchmarked "best practices" that corporate managers can use to assess their companies' practices and investors can use in screening investments, managing portfolio risk, and engaging in shareholder actions.
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This article offers a benchmarking tool to assess progress in corporate management of product detoxification. The tool can be used internally by senior corporate management teams. Externally, investors and investment analysts can use this tool to screen investments, assess "best in class" environmental performance, manage portfolio risk, and launch shareholder actions. Vignettes of prominent companies in the electronics, retailing and consumer products sectors illustrate how corporate leaders have adopted elements of this framework.