ChemSec Introduces Sustainability Ranking for Companies
Swedish NGO ChemSec has rated companies according to their sustainability and published the results in a press release. Royal DSM (Netherlands) occupies the top spot in the ChemScore rankings, followed by Indorama Ventures (Thailand), Akzonobel (Netherlands), and Linde (Germany). Most of the well-placed companies come from Europe.
ChemSec examined the product portfolios of the 35 chemical companies with the highest revenue and rated them according to four criteria:
- The proportion of hazardous substances in the company’s total production revenue. The lower the proportion, the better the score.
- Development of chemicals that are safer for the environment and human health. The company strategy was weighted considering safe products, including design, marketing, R&D, and green chemistry.
- How open and transparent the company is about product ingredients and its readiness to remove critical chemicals from the market.
- How often accidents occur, controversies arise, and fines are paid
The idea of sustainability will become more and more important in the future. According to Anne-Sofie Bäckar, executive director of ChemSec, many chemicals not only endanger human health and the environment, but also the return on investment.
According to Eurostat, the statistical office of the EU, three-quarters of all the chemicals manufactured and used in Europe are hazardous to human health and or the environment.
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