The CIA gathers industry insights through a quarterly business survey to advocate for our members’ interests with policy makers, regulators and other stakeholders.
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The CIA is proud to announce the launch of the new Sustainable Health Metrics Tool.
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The chemical and pharmaceutical industry is fundamental to modern society. With an immense variety of products, from vital medicines and foods, the construction of buildings, to transport and leisure, the industry truly does have an impact on virtually every aspect of our daily lives.
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Non-financial reporting offers companies an opportunity to disclose information beyond traditional financial metrics, providing stakeholders with insights into key areas of value creation that are not reflected in financial statements.
These reports typically address themes related to environmental, social, and governance (ESG) factors. Driven by increasing demand from a wide range of stakeholders, companies have been faced with an overwhelming array of new frameworks and reporting tools. While the push for businesses to meet environmental and social justice goals is a positive development, the sheer volume of reporting mechanisms can be overwhelming and complex.
This challenge is particularly pronounced for enterprises with fewer resources, where non-financial reporting can shift from being a tool for meaningful change to an administrative burden, potentially diverting resources away from actual ESG improvement efforts. To address this, it is crucial that non-financial reporting be streamlined using globally recognised standards, ensuring sustainability information is presented in a focused, concise way that allows for comparison across companies both nationally and internationally.
Ricardo, with the support of the Chemical Industries Association (CIA), has published a new guide, ‘Establishing the environmental impact of chemical products’, to help chemical organisations advance their sustainability journey.
