SAICM supports industry involvement in chemicals and waste management | News | SDG Knowledge Center

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Industry participation is one of the three pillars of the integrated approach to financing the sound management of chemicals and waste, along with the integration of sound management into development planning and dedicated external financing. A study by the Strategic Approach to International Chemicals Management (SAICM) explores the issue, aiming to provide a comprehensive description of the activities associated with industry participation in the integrated approach, including options for action at different levels and for a range of actors.

Although the integrated approach is an ambitious tool for involving industry, its practical implementation has been hampered by a lack of clarity regarding what constitutes industry involvement and the absence of a monitoring mechanism. progress, notes the study. It also highlights the difficulties linked, among other things, to the implementation of the polluter-pays principle and the resulting financing gap. The study highlights the need to increase industry’s responsibility internationally in terms of internalizing the externalities of mismanagement of chemicals and waste.

Drawing on extensive data collection and consultation with SAICM stakeholders, the study includes a proposal for tracking progress of industry engagement against goals and targets for a future framework for the sound management of chemicals and waste beyond 2020. It aims to provide context and recommendations to inform SAICM stakeholders in preparation for the fifth session of the International Conference on Chemicals Management ( ICCM-5), which is expected to adopt a framework for the sound management of chemicals and waste beyond 2020.

The long-term objectives of the study are: to help stakeholders better understand the economic case for involving industry in the sound management of chemicals and waste; and accelerate the transformation of national economic models and industrial practices along the chemical value chain so that they appropriately internalize the cost of production, use, trade and disposal of chemicals. chemicals and waste.

The report identifies industry engagement activities, grouped into regulatory measures, economic instruments and voluntary measures, as well as mixed measures that may be voluntary or mandatory, depending on the country. It describes each of the measures, provides examples and explains how they can be applied to the sound management of chemicals and waste.

The study supports tracking the progress of industry engagement through the creation of an effective monitoring system to measure inputs, activities, outputs and impacts. He suggests collecting data through existing reporting mechanisms and measuring general financial flows to track industry involvement, initially focusing on three streams: funds raised through economic instruments; costs incurred by industry to comply with regulations; and funds channeled through voluntary measures. As indicators are refined and an outreach strategy to engage the private sector is developed, the study notes that a more comprehensive reporting mechanism could be developed to measure financial inputs and performance.

The study also recommends among others:

  • Establish a capacity building clearinghouse mechanism, marketplace and/or global engagement platform for the development, implementation, monitoring and reporting on partnerships and other voluntary commitments;
  • Develop and promote the use of a comprehensive and harmonized set of recommendations for chemical-related sustainability disclosures to help translate the goals and targets of the framework beyond 2020; and
  • Create a group of technical experts to accelerate the mobilization of necessary funds for developing countries, focusing on innovative forms of financing that primarily involve the private and financial sectors, including blended finance, a coordinated global tax and fund international for chemicals and waste.

[Publication: Study on Industry Involvement in the Integrated Approach to Financing the Sound Management of Chemicals and Waste]

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