Better Chemical Inventory Needed To Avoid Disasters

by Greg Wimble, on December 9, 2016

The possibility of environmental disasters threatens development around the world.

Nations throughout the developing world are seeking new corporate investment. But environmental issues are demonstrating how challenging this can be.

For instance, Environmental Protection reported that Vietnam's efforts to attract foreign capital are being overshadowed by environmental disasters along the coast. Formosa Ha Tinh Steel Company recently admitted responsibility for a toxic chemical leak that left about 70 tons of dead fish spread across beaches throughout the country. The company agreed to pay the country $500 million for cleanup efforts, according to Eco-Business.

"Managing safe handling is an immense task."

Firms don't want to be responsible for massive environmental disasters, and regulatory bodies don't want to stimulate new business activity at the expense of rules that protect their surroundings. But with thousands of chemicals in regular use and many more being introduced every day, managing safe handling is an immense task that requires both national and international solutions. 

One solution for firms is to create an accurate chemical inventory of everything that is on site, including each chemical's risks and safe storage requirements. This can go a long way to helping companies comply with Globally Harmonized System regulations, and in the long run it can offer them a roadmap for the steady elimination of the most hazardous chemicals, which can be replaced with safer options.

"Similar to building a house, periodic chemical inventories will ensure there are no cracks in your foundation," Kimberly Williams, an inventory services manager for chemical data management company SiteHawk, told Environmental Protection.

An Enterprise Labeling Solution can help industrial end users comply with the GHS by leveraging their source of truth for label data that is necessary for mission critical, high volume printing. This will help businesses meet the challenge of an evolving regulatory framework.