Reducing Chemical Impact
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Apparel companies are investing in their employees across the value chain prioritizing practices such as investing in R&D to develop sustainable manufacturing practices and expanding product offerings to more bio-based alternatives for chemicals and dyes in materials.
Sustainability Strategy: Reducing Chemical Impact
Sustainability Strategy Definition: Company reduces the impact of chemicals in its supply chain
Mediating Factors:
- Operational Efficiency: Optimize corporate and supply chain efficiencies to lower cost and increase profits
- Innovation: Create new revenue streams using sustainable business models
- Customer Loyalty: Attract an increasing community of conscious buyers & consumers, while reducing retention costs
- Risk Management: Encourage risk mitigation and resilience within the value chain
- Sales & Marketing: Increase volume of sales through brand and marketing policies
- Stakeholder Engagement: Improve goodwill amongst the broader stakeholder community (i.e. NGOs)
- Supplier Relations: Improve upon the relationships between the company and its suppliers
Mapping Sustainability Strategies, Practices, and Sub-Practices Across the Value Chain
Reducing Chemical Impact Walkthrough
Interested in learning how your company can invest in sustainability strategies like reducing chemical impact? NYU Stern CSB offers a deeper dive into the practices, sub-practices, mediating factors surrounding this sustainability strategy.
Monetization Toolkit
Interested in how we quantify apparel sustainability strategies? Explore NYU Stern CSB's Excel Toolkit that we use to help organizations understand how investing in sustainability initiatives can benefit their bottom line.