German-based Lanxess, and Ecolab, based in the US, are the first companies in the ChemScore ranking to explicitly state that they will not develop or market any new products that contain substances of very high concern.
European companies have significantly improved their average score. In contrast, the average total score of companies based in North America and Asia have dropped.
With the EU’s Green Deal, Chemical Strategy and sustainable finance regulation looming on the horizon, hazardous chemicals are set to play an even larger role in all kinds of sustainability issues. Despite this, they are often overlooked in investment decisions.
Corbion provided us with their self-evaluation according to the ChemScore criteria, and our verification confirmed that the company scored 43 points, which equals an A. That’s 14 (!) points more than the top-scoring company in ChemScore.
PRESS RELEASE: Chemical companies around the world are actively marketing their greener, more sustainable products, whilst holding back details on the mass production of hazardous chemicals, ChemSec’s ranking of chemical companies reveals today.
With 2020 in the rearview mirror, it’s clear that the leaders and laggards of safer and greener chemicals align with the winners and losers on the stock market.