GreenBiz Blog: The $1.1 trillion question: What’s your chemical footprint?

GreenBiz Blog: The $1.1 trillion question: What’s your chemical footprint? image

Look no further than the financial and reputational travails of Lumber Liquidators for a stark example of the risks companies are exposed to when they have toxic chemicals in their products and supply chains.

From February to May, the stock price of Lumber Liquidators plummeted 70 percent — and its CEO resigned — amid concerns that the company's laminate flooring products contained unacceptably high levels of formaldehyde.

The formaldehyde fiasco highlights a challenging question for investors and purchasers: How can they better understand the chemical risks of the companies they invest in or purchase from?

 

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