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September 14th, 2009
Nanomaterials: Why Your Company Should Sweat the Small Stuff
Richard Liroff: Nanomaterials are an industrial revolution in a microcosm, with the potential to yield extraordinary health, environmental, and other global social benefits.
But they're substantially unregulated, underassessed for their impact on health and the environment, and they've been raising cautionary flags for insurers whose core business is managing financial risk.
Serious environmental and health concerns have already surfaced for particular nanomaterials, including indications that one particular form (carbon nanotubes) can cause lung damage similar to asbestos in laboratory animals.
If your company's thinking about incorporating nanomaterials into your products, you'll need to exercise especially demanding due diligence to make sure you're not taking on liabilities that you and your shareholders will come to regret.
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