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Bloomberg reports that Walmart has announced its participation in “the Chemical Footprint Project, which seeks to help companies root out dangerous substances from the products they sell. Two dozen companies have joined the effort, including Johnson & Johnson, HP Inc. and Staples Inc. … The idea was to create a standard modeled on carbon-footprint scores.”

The story notes that “Wal-Mart’s involvement gives a big boost to the three-year-old program and underscores the growing movement by corporate America to regulate itself. Consumers are increasingly checking ingredient labels of the products they buy -- and pushing companies to rid products of controversial chemicals, such as formaldehyde or phthalates.”

The story notes that “the Chemical Footprint Project was created by an organization called Clean Production Action in 2014. The move was a response to demand from both consumers and investors, who are increasingly concerned about the hazardous chemicals that companies use, said Mark Rossi, the group’s executive director … Before the Chemical Footprint Project was started, companies lacked a third-party standard to evaluate supply chains and risks posed by hazardous products, Rossi said.”
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