European chemical companies top the new sustainability ranking ChemScore, followed by a mix of US and Asian companies. The main goal of ChemScore – created by the NGO ChemSec – is to drive investors towards chemical industry frontrunners.
Today, ChemSec releases its new sustainability ranking for investors – ChemScore. For a while now, ChemSec has dug deep into the world’s 35 largest chemical companies, scrutinizing their hazardous product portfolios and looking into their efforts to move towards safer chemicals. But ChemScore not only captures and ranks the companies’ performance, it also serves to boost investments in safer and greener alternatives.
Sustainability – a strong contender for being the most contemporary cliché out there. The extensive use of the word sustainable and versions thereof has diluted the expression to the point where it’s hard to understand what the word really means. There are probably more views on this topic than there are on the Swedish Covid-19 strategy.
Four new companies are joining ChemSec’s corporate PFAS movement.
Stadium, Sweden’s largest sports chain, and cosmetic brand IDUN Minerals are now joining H&M, Kingfisher and more in ChemSec’s corporate PFAS movement.
Taking on the role of a regular consumer and asking retailers about chemical content in products proved to be surprisingly hard.
The fact that the new manufacturing hubs of the world are now located in low-income countries where worker protection and environmental safety laws are nowhere to be found, means that workers are fighting an uphill battle when it comes to their exposure to hazardous chemicals. Could supply chain blacklists help solve this problem?
Multinational home improvement company Kingfisher, and the European Water Association EurEau are the latest additions to ChemSec’s call to end the use of harmful PFAS chemicals in products and supply chains.
Companies ask regulators to take PFAS pollution seriously
To me, it’s obvious that policy makers need to step up their game. The transition to safer chemicals cannot solely be driven by consumers trying to make sense of content declarations on the back of shampoo bottles. Besides, the positive environmental impact of an informed purchase is absolutely dwarfed by an industry wide law.