Global Chemicals Outlook - UNEP
Global Chemicals Outlook - UNEP
Global Chemicals Outlook - UNEP
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
28<br />
Figure 4. Substances of Very High Concern (SVHC) risk profi les for quoted companies<br />
# of potential SVHCs in each product category<br />
Household <strong>Chemicals</strong><br />
Plastics & rubber (incl. toys)<br />
Textile and clothing<br />
Home/office articles<br />
Paints & pigments<br />
Transportation<br />
Sporting goods, gear, accessories<br />
Leather products<br />
Construction<br />
Personal Care<br />
Electronics<br />
Metals<br />
Wood<br />
Watches, Clocks<br />
Batteries<br />
Furniture<br />
Low Risk<br />
Medium Risk<br />
High<br />
Risk<br />
10 20 30 40 50 60 70 80 90<br />
Source: MSCI ESG Research, ChemSec’s SIN List 2.0 (May 2011 )<br />
Insurance and environmental liability benefi ts of improved environmental management<br />
The steadily rising cost and impact of environmental risk liability are related to several factors, including past operational<br />
activities, current operational activities, business transactions, and fi nancial and reporting obligations. Many private companies<br />
and public agencies have found that a sound environmental/chemical management system, such as ISO 14000, is an effective<br />
tool for managing their environmental liabilities. Although the primary purpose for the adoption of environmental/chemical<br />
management systems is improving environmental performance, insurance companies such as Swiss Re note that such practices<br />
can result in substantial economic benefi ts in terms of insurance. These insurance benefi ts include the securing of insurability<br />
(ability to acquire insurance coverage), lower deductibles, higher limits insured, broader coverage, and more favorable premium<br />
rates. For example, following the development and implementation of a pilot environmental management system program, the<br />
Port of Houston Authority benefi ted from a 20% reduction in insurance cost.<br />
Source: Swiss Re. (1998). Environmental management systems and environmental impairment liability insurance. http://www.swissre.com/resources/<br />
c63dd180455c7cfeb76cbf80a45d76a0-environmental_eng.Paras.0006.File.pdf.; Kruse, C.J. (2005). Environmental management systems at ports – a new initiative. In<br />
Proceedings of the 14th Biennial Coastal Zone Conference. New Orleans, Louisiana, USA, Jul 17-21, 2005.