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GREEN CHEMISTRY NEWSLETTER: BUSINESS OPPORTUNITIES
AND RISKS FROM TOXIC CHEMICALS IN PRODUCTS
Richard A. Liroff
Green chemistry is poised for take-off in the business community, as requirements to reduce and eliminate chemicals of concern cascade through supply chains.
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Green chemistry is poised for take-off in the business community, as requirements to reduce and eliminate chemicals of concern cascade through supply chains. Emerging scientific knowledge about the impact of hazardous chemicals, and resulting media and public attention and regulatory action, are increasing pressure on companies to identify chemicals in products and to systematically substitute safer chemicals or non-chemical alternatives. Schools, hospitals, businesses, government purchasers, and individual consumers are demanding less toxic goods and materials. Innovative and entrepreneurial companies that are “first movers” in producing safer products can gain competitive advantage, reduce operating costs, increase profits, and enhance shareholder value. Companies dismissing these concerns may endanger their financial health because they are shut out of markets, suffer damage to their reputations, or face toxic tort litigation.