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Toxic Free Tidbit #2

June 30, 2020 Bulletins

This week’s Toxic-Free Tidbit:

Investors care about corporate chemical footprints and the CFP Survey! They tell investors how well companies manage their chemical risks. And the CFP Survey aligns with the Sustainability Accounting Standards Board’s (SASB) materiality metrics.

Highlighted below are 1) the press release on the voting results for the recent shareholder resolution asking retailer giant TJX if & how it will reduce its chemical footprint and 2) the alignment of the CFP Survey with SASB disclosure benchmarks and metrics.

1. Near majority of shareholders in TJX Companies, Inc. voted in support of chemical footprinting. On June 15, 2020, 44% of shareholders voted in support of the retailer issuing a report describing if and how it plans to reduce its chemical footprint—https://iehn.org/resources/entry/press-release-tjx-vote. The shareholder proposal put forward by Investor Environmental Health Network (IEHN) membersTrillium Asset Management and First Affirmative Financial Network, highlights growing awareness and concerns of the financial risks companies carry due to toxic chemicals in their products and supply chains.

2. The CFP Survey aligns with SASB’s materiality metrics: