The American Chemistry Council (ACC), the main trade body of the chemicals industry in the US, has issued a ‘9 in 9 Challenge’ to Congress and the Environmental Protection Agency (EPA). These challenges arise from the revision of the Toxic Substances Control Act (TSCA) in 2016.

The association is asking for action over the first nine months of 2023 to revise nine key policies, which, it says, are “weakening US chemicals management and the solutions to correct these problems”. They include:

* Fulfilling TSCA’s statutory obligations and meeting programme deadlines

Non-profit organisation CDP (formerly the Carbon Disclosure Project) has issued its rankings for 2022. These rate about 15,000 companies in multiple industries from about 18,700 who submitted data about their emissions on a scale from A to D- in three categories. In all, 283 received an A for Climate Change, 25 for Forests and 103 for Water Security.

Following consultation with stakeholders over the summer, the UK Department of Environment, Food & Rural Affairs (Defra) has decided to extend the deadline for registering substances with the Health and Safety Executive (HSE) under UK REACH, the legislation that replaces EU REACH, by three years. This is subject to consultation with devolved governments in Scotland and Wales. As a result, the new deadlines will be:

The Science Based Target initiative (SBTi), a collaboration between the United Nations Global Compact, World Resources Institute, the Climate Disclosure Project and the World Wide Fund for Nature (WWF) to drive corporate climate action, has validated the latest greenhouse gas reduction (GHG) targets of three chemical companies as both science-based and aligned with the UN Paris Agreement to limit the global temperature rise to no more than 1.5ºC this century.

CEFIC has called on the European Commission and EU Member States to “immediately design and implement closely coordinated pan-European measures to limit the impact of energy prices vis-à-vis competing economies, increase energy supply and incentivise reductions in energy consumption”, both for the upcoming winter and beyond. “Skyrocketing gas and electricity prices vis-à-vis competing economies, the potential risk of gas supply shortages and mandates of electricity consumption reduction are putting hundreds of chemical plants at risk throughout Europe,” the association said.

Eastman has joined forces with Sphera, a long-time supplier, on the next generation of Sphera’s life cycle assessment (LCA) automation software. This was launched earlier in 2022 and seeks to enable businesses “to quickly receive holistic, real-time analysis and insights into the environmental footprint of their product portfolios and integrates seamlessly with their existing systems” and thus reduce their greenhouse gas emissions at every step of production.

Devi Shah and Fatema Begum of Mayer Brown International look at how companies can deal with insolvency or restructuring issues*