An investor group that urges manufacturers to eliminate toxic chemicals said it has asked the organization developing new U.S. corporate accounting standards to expand requirements for company disclosure of severe long-term risks.
Some product health effects may not reveal themselves until 10 or 20 years down the road, explained Sanford Lewis counsel for Investor Environmental Health Network.
His Falls Church, Va.-based organization has written the Financial Accounting Standards Board arguing that the disclosure of a remotely probable risk should not be limited to those to be resolved within a year.
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