Sustainability criteria
Key elements of successful ChL business models include adoption of high quality standards and sustainability criteria, and mutual trust between participating companies under a contract that aims for continuous improvement and that ensures fair and transparent sharing of the benefits. A successful model should fulfill the following sustainability criteria:
- Reduction of adverse impacts for environment, health, energy and resource consumption caused by chemicals and their application and production processes
- Improved handling and storage of chemicals to prevent and minimize risks
- No substitution of chemicals by substances with a higher risk
- Economic and social benefits are generated; a contract should contain the objective of continuous improvements and should enable a fair and transparent sharing of the benefits between the partners
- Monitoring of the improvements needs to be possible