Market Value
The CFP Survey helps companies address and disclose the most meaningful metrics while also ensuring companies stay on top of the growing demands to address toxic chemicals in corporate reporting standards. For example, companies that respond to the CFP Survey are well positioned to meet both the Sustainability Accounting Standards Board reporting standards and the Sustainable Development Goals relevant to hazardous chemicals. As a result, we believe it is in a company’s best interest to use the CFP Survey as a tool to better inform its chemicals management strategy and provide meaningful disclosure to investors and the public. On behalf of our clients and with the help of the CFP Survey, we look forward to engaging with companies on their journey to safe and healthy products. The Sustainability Group at Loring, Wolcott and Coolidge, Chemical Footprint Annual Report 2018
IEHN translates chemical risk into market opportunity. The corporate performance metrics and benchmarks IEHN advances through the Chemical Footprint Project (CFP) define best practice in the marketplace to reduce chemical risk and drive safer chemical innovation. CFP is supported by leading investors, health care institutions, and companies. CFP' Signatories represent over $2.8 trillion in assets under management and over $700 billion in purchasing power. Businesses participating in the survey represent over $677 billion in annual revenue.
IEHN supports corporation participation in the annual CFP Survey. Some of these companies like Walmart are committed as both a signatory and a responder. While companies vary by business sector, product type, firm size —they are all on the frontline of leadership in reducing chemical risks and advancing a safer chemicals economy. Walmart has identified a list of high priority chemicals and set a goal to reduce its chemical footprint for consumables based on this list by 10 percent by 2022. And BD, a CFP responder has made their results public.
BD makes our chemical policy, reduction goals, progress reports, and Materials of Concern list publicly available on its website, along with our documentation for suppliers. BD believes that being transparent about where we are on the journey is critical in open communications to our customers and stakeholders. This is why we have made our responses and score to the CFP Survey public for 2016.
CFP reached a major three year milestone in 2018. The third annual CFP Report revealed rising performance across the four pillars (Management Strategy, Chemical Inventory, Footprint Metric and Disclosure and Verification) of the Survey. This included seven companies reporting reductions totaling 94 million pounds of hazardous chemicals in products, and two companies reporting the elimination of ten unsafe chemicals in products over the past two years. The results speak to the importance and impact of our work together to reduce the reputational, regulatory, and redesign risks associated with continued use of Chemicals of High Concern (CoHCs).
CFP 2019 Report CFP Survey Guidance CFP Leadership Profiles CFP Disclosure Leaders