Economic benefits might include more jobs or a reduction in societal costs due to an accidental release of hazardous chemicals. Business benefits might include increased revenues for new products or reduced operating expenses, because hazardous chemicals no longer require special handling and management.
Two long-time thought leaders on the topic of safer chemistry, the American Sustainable Business Council and the Green Chemistry & Commerce Council, set out to determine the business and economic case for safer chemistry. Trucost was engaged to research the value of safer chemistry and devised an eight-part framework to look at both risks and opportunities for businesses and economies.
The aim was to uncover where business and economic risk and opportunity could be valued to provide compelling insights in an engaging, business-accessible format. The full report included interviews with experts engaged in adopting safer chemistry practices, as well as desk-top research of readily available data with a focus on examples of business and economic risk and opportunity within the U.S.
What were the results? In a nutshell, the green chemistry market is poised for takeoff.
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