Chemical Leasing can be used as a modern policy instrument for the sustainable management of chemicals. The business model fits into a wide menu of international and national initiatives and obligations and can help policy- and decision-makers bring fresh momentum to chemical management and sustainable production.
Chemical Leasing has a wide range of applications. It can help companies meet the targets of public sector programmes, as well as respond to mechanisms and initiatives for the responsible management of chemicals. It can be applied to local projects as well as to regional initiatives such as those related to the EU Regulation REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals).
With its potential for reducing costs, waste and worker exposure, Chemical Leasing is fully in line with the Strategic Approach to International Chemicals Management (SAICM) and is aligned with initiatives such as Resource-Efficiency and Cleaner Production, Green Industry, Sustainable Chemistry and Responsible Care. Chemical Leasing also shares the goals of the global chemical conventions such as the Stockholm, Basel and Rotterdam conventions.
It is also evident that there is a close connection of Chemical Leasing to the Circular Economy approach. Implementing Chemical Leasing strengthens the cooperation of different actors along the supply chain, thus fostering exchange of know-how, life cycle data, and zero-waste thinking. Chemical Leasing encourages the reuse and recycling of chemicals and the installation of closed loop systems.