Issues
Sustainability & ESG
Get the Facts
$750k
Estimated year 1 cost for a company to comply with proposed SEC climate disclosure rules
Why It's Important
Over the last several years, sustainability has exploded in importance and influence in a variety of domains. References to ESG and sustainability in NASDAQ earnings calls were up 19%. Consumer products making ESG-related claims posted a 28% growth premium over the last 5 years, and 60% of consumers are willing to pay more for a product with sustainable packaging.
The EU’s Corporate Sustainability Reporting Directive requires qualitative and quantitative sustainability disclosures, with reporting by non-EU organizations with substantial EU turnover to be phased-in. In the U.S. proposed SEC rules would require listers to disclose Scope 1 and 2 emissions, and Scope 3 under certain circumstances. Scope 3 emissions (which would account for PPE & safety equipment) can account for as much as 90% of GHG emissions.
ISEA
What We're Doing
To inform future sustainability efforts of the PPE and safety equipment industry ISEA:
- Delivered a benchmark analysis to its members of the sustainability practices of the PPE and safety equipment industry. (available here to members)
- Is monitoring and reporting to members on relevant proposed sustainability and ESG legislation and regulations impacting the PPE and safety equipment industry
- Partnered with ASSP and EHS Today to survey end-users regarding their experiences with and preferences on sustainability, PPE, and worker safety. This market research study is the first of its kind focused exclusively on PPE and safety equipment. (available here)
- Partnered with the European Safety Federation on a webinar comparing and contrasting sustainability legislative and regulatory approaches in the EU and the US. (available here to members)
