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NOT CURRENT YEAR
Teijin
Grade summary
Newcomer Teijin scores 15 points its first year on ChemScore. The company produces one hazardous substance, which is a persistent one. However, three quarters of the company’s chemical production is unknown since the sales take place outside of Europe and the United States. Teijin works to reduce emissions and prevent leaks from harmful chemicals but there is no mention of a hazard-screening process anywhere. The company markets a sustainable product portfolio, including lightweight and energy-efficient materials for aircrafts and automobiles. It does not, however, advertise safer alternatives on independent third-party platforms such as ChemSec’s Marketplace. The company claims to be working to “manage and reduce hazardous chemicals” and to “promote the circularisation of society”, but no time-bound phase-out plans or circular targets could be identified. Teijin has not been involved in any major controversies during the last ten years and therefore receives a full score on the last category.
How did we come to this score?
Opportunities for improvement
- Map and phase out persistent chemical
Teijin produces or uses one persistent chemical. These substances are also known as “forever chemicals” due to the fact that they do not break down in nature. Instead, these chemicals — which are linked to many negative health effects — build up over time. The consequences of these substances are becoming increasingly detrimental, not only for human health and the environment but also for investors. Investors risk stranded assets now that the regulatory speed is accelerating, and are also exposed to significant liability risks since more chemical companies are being sued for contamination. Teijin should therefore make sure to identify all uses, and publish volumes and percentage of total revenue of its persistent substance. The company should also publish a time-bound phase-out plan and an annual progression report to go with it. - Increase transparency
Not much is known about Teijin’s production of hazardous chemicals. We have requested that the company disclose information about its chemicals management, but the company has not responded to that request. In order to be more transparent, Teijin should disclose the full list of hazardous chemicals that it produces, including the volume of each of these chemicals as well as its percentage of the total revenue. It would also be wise to specify which chemicals are intended for end products and for intermediate use. Furthermore, Teijin should make its production of hazardous chemicals that takes place outside of the EU and the US public, in order to allow a fair and concise evaluation on a global level. - Market safer alternatives
We did identify safer alternatives in Teijin‘s product portfolio, but these are not marketed on any independent third-party platform. They are therefore hard to find for downstream users looking to substitute hazardous chemicals. A good place to advertise is ChemSec’s Marketplace, where buyers and suppliers can find and market safer alternatives.
Category breakdown
