ChemSec works with a varity of stakeholders in our strive for a toxic free world. As long as improvements in the legislative regulations on hazardous chemicals are slow, there is an crucial need for companies to voluntarily move away from chemicals with highly problematic properties.
A growing number of companies are running toxics reduction programs, inspired by international environmental agreements as well as their customers' concern for safer products. As new information emerges on the potential dangers of hazardous chemicals, individual companies are waking up to the risks and opportunities, not only for brand image but also their overall competitiveness.
ChemSec gives examples of how substituting hazardous chemicals with safer alternatives is both scientifically and economically feasible. Since 2004 ChemSec gathers a number of multinational companies in the ChemSec Business Group to enhance dialogue on progressive chemicals management.
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Another influential group of stakeholders are financial investors, who have a big impact on strategic decisions of companies. From the financial investor's perspective, the production and use of hazardous chemicals implies financial risks due to increased costs associated with reformulating products and modifying processes. However these risks can be avoided by applying criteria for sound chemicals management in investment analysis.
ChemSec's sustainable chemical investment project aims to enable investment professionals to identify the risks of investing in companies producing hazardous chemicals and the opportunities of investing in companies producing safer alternatives. This is done by open dialogue, and by offering and developing tools for identifying such companies.
