Product liability regulatory compliance

A ban on the production, marketing or use of a chemical offers the most stringent type of regulatory control. Prohibition provides clear-cut cases for product liability and enforcement, thereby minimising exposures resulting from poor regulatory compliance or irresponsible chemical use. Product or process35 bans can be in the form of restrictions or authorisations. Restrictions allow all uses of a chemical with the exception of those decided on a case-by-case basis. Under authorisation systems, all uses of a chemical are banned unless exempted. 

It is axiomatic that manufacturing productivity is increased and per unit cost is decreased by making assembly and automation processes more efficient. High-quality parts further lower costs by reducing rework and replacement liability costs. Environmental consciousness and regulatory compliance have become a permanent and increasing component... 

The relative importance of waste minimisation varies in terms of reduced environmental impacts, financial savings, reduced energy and materials usage, achieving regulatory compliance thereby reducing potential liabilities. An improved environment profile of the company can enhance investor confidence and environmentally responsible products may promote customer acceptance of the product. Furthermore waste costs money through a reduction in yield, decrease in productivity and the direct... 

Measures related to sustainable risk management would include accrued environmental liabilities, fines, warnings and penalties, as well as product take-back programs whether in compliance with or in addition to regulatory initiatives. 

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