How to Align Chemical Risk Management with CSRD Objectives

The Corporate Sustainability Reporting Directive (CSRD) is reshaping how companies approach sustainability by expanding reporting requirements and emphasizing the need for transparency, particularly around environmental risks. One area where this has significant implications is chemical risk management. The management of hazardous chemicals, including Substances of Very High Concern (SVHCs), is not only a matter of regulatory compliance but also a key component of a company’s sustainability strategy. Aligning chemical risk management with the CSRD’s broader sustainability objectives is critical for companies to demonstrate their commitment to reducing environmental harm and safeguarding public health. In this article, we will explore how businesses can align their chemical risk management practices with CSRD objectives, providing both regulatory compliance and strategic value.

Understanding Chemical Risk Management in the Context of CSRD

Chemical risk management involves identifying, assessing, and controlling risks associated with the use, storage, and disposal of hazardous chemicals. Under the CSRD, companies are required to report on how their operations impact both the environment and society, making chemical safety a critical area of focus. Proper chemical risk management ensures that companies:

• Protect the Environment: By reducing the likelihood of chemical spills, emissions, or contamination, companies can minimize their environmental impact.
• Ensure Worker and Consumer Safety: Mitigating the risks associated with hazardous chemicals helps prevent workplace injuries and protects consumers from exposure to dangerous substances.
• Achieve Regulatory Compliance: Aligning chemical risk management with CSRD ensures compliance with regulations such as REACH and CLP (Classification, Labelling and Packaging of substances), safeguarding against fines and reputational damage.