Sustainability assessments of chemical products

Peter Saling

Chapter 20 in Handbook on Life Cycle Sustainability Assessment, 2024, pp 279-289 from Edward Elgar Publishing

Abstract: Measuring sustainability is an important prerequisite for making strategic decisions in the chemical industry. Chemistry and sustainability are a perfect match. The chemical industry provides innovative solutions that make an important contribution to supporting the sustainable transformation of society. To leverage digital technologies and improve sustainability, information and data exchange is key to create additional value added. Embedding sustainability even more deeply into the steering of the businesses in the sector will make the contributions of the chemical sector to a more sustainable society transparent and tangible. As a solution provider, the chemical industry is an enabler of improved sustainability across value chains. Clean drinking water, medicines, materials for transportation, food ingredients, construction materials, and many other things around us need modern chemistry with sustainable solutions. To get true market pull for more sustainable products and to realize the World Business Council for Sustainable Development’s Vision 2050 - that is, 9 billion people living well within the limits of the planet - there is a need to provide and communicate information on the sustainability performance of products that customers and stakeholders can trust and compare, to enable them to make informed sustainable choices.

Keywords: Business and Management; Development Studies; Economics and Finance; Environment; Geography; Politics and Public Policy Sociology and Social Policy (search for similar items in EconPapers)
Date: 2024
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