The "Study on industry involvement in the integrated approach to financing the sound management of chemicals and waste" is the most recent report elaborated by the Strategic Approach to International Chemicals Management (SAICM) to capture a complete description of industry activities towards an integrated approach to sound management of chemicals.

The report, published in April 2022, builds the context and recommendations to inform stakeholders to have the fifth session of the International Conference on Chemicals Management (ICCM) in mind. The session was expected to be held by July 2021 but was postponed until further notice due to the COVID-19 crisis.

The document further communicates identified flaws in the industry involvement, such as the lack of clarity defining what constitutes industry involvement and the absence of a mechanism for monitoring progress. In addition, there are difficulties in implementing the polluter pay principle, the development of legislation, and a subsequent funding deficit compose the landscape.

That said, the report brings options for action at various levels and a variety of actors, aiming to help raise financing along value chains and accelerate the transformation of economic models and industrial practices to internalize the cost associated with chemicals.

The next ICCM meeting will consider these points in the discussion to adopt new instruments and modern chemical frameworks for the sound management of chemicals.