In a report published on January 28, 2019, the Organization for Economic Cooperation and Development (OECD) quantifies “the financial benefits that accrue to governments and industry from the work of the [OECD’s] EHS Programme.” The report explains that the Environment, Health, and Safety (EHS) Programme exists to help its member governments “optimise the use of their resources, reduce non-tariff barriers to trade, and save industry time and money by cooperating to test and evaluate the safety of industrial chemicals, pesticides, biocides, nanomaterials and products of modern biotechnology.”
The report concludes that the program generates almost €318 million in annual cost savings with an annual operating budget of just €8.8 million to run the program.
OECD (January 28 , 2019). “Saving Costs in Chemicals Management.”
Leigh Stringer (January 31, 2019). “OECD says its chemical work saves €300m annually.” Chemical Watch