Study Finds EU Chemicals Compliance Costs $10.5 Billion Annually

Chemicals companies in the European Union incur costs equivalent to 2 percent of their revenues on average every year from compliance with the health and environmental legislation that directly affects them, according to a July 14 study prepared for the European Commission.

The study found that on average, each year between 2004 and 2014, the EU chemicals sector incurred costs of 9.5 billion euros ($10.5 billion) from compliance with the bloc’s REACH law (Regulation No. 1907/2006 on the registration, evaluation and authorization of chemicals) laws on industrial emissions, rules on chemical classification and labeling, and workplace safety legislation.

Calculated as ...