The chemicals sector has one of the highest environmental footprints of all industries, but its products offer some of the greatest opportunities for environmental and social impact improvement.
Many chemical manufacturers recognise the benefits of incorporating sustainability into their business models as a way of reducing risk and increasing revenue. Companies that are able to demonstrate the environmental benefits of their products will be well positioned to gain advantage in a low carbon, resource constrained economy.
Trucost helps chemicals companies to efficiently manage the environmental impacts of business operations, supply chains and product lifecycles through robust environmental impact quantification and science based target setting across operations, supply chains and product lifecycles. We extend the usefulness of this analysis by applying environmental shadow prices to help chemicals companies understand the future cost liabilities of environmental impacts and dependencies. Our net positive analysis measures the environmental costs and benefits of different strategies and enables transparent communication of value to stakeholders.
The American Sustainable Business Council (ASBC) and the Green Chemistry & Commerce Council (GC3)...