6 February 2014: The World Business Council for Sustainable Development (WBCSD) announced that its members have agreed a 2014-2015 work plan for the ‘Reaching Full Potential’ Chemicals Project. The project aims to assist the chemical sector in harmonizing approaches to sustainability measurement and defining collaborative value chain solutions.

According to WBCSD, agreement on the work plan was reached during the annual World Economic Forum meeting in Davos, Switzerland. Work planned for 2014 includes the development of sector guidelines on calculating avoided greenhouse gas (GHG) emissions through chemical products and solutions, as well as environmental product life-cycle guidance. The project will focus specifically on the automotive, packaging and construction sectors. [WBCSD Press Release] [WBCSD Chemical Sector Webpage]