MONEY & LIFE

Forever Chemicals Are Going Out of Style

By: Anneken Tappe · March 27, 2024 · Reading Time: 2 minutes

Farewell PFAS

Several clothing companies, including Patagonia and the footwear company KEEN, are leading the charge to remove PFAS — also known as “forever chemicals” — from their products in response to regulatory changes and environmental concerns.

PFAS are a group of thousands of chemicals with properties that help repel water and other liquids, making them commonplace in water-resistant clothing. However, they can also take centuries to break down in nature and have been linked to serious illnesses, including thyroid disease and kidney cancer.

Legal Action

Emerging research behind the negative environmental impact of PFAS has sparked legal action.

Chemical manufacturer 3M (MMM) recently agreed to pay more than $10 billion to settle multiple class action lawsuits alleging that its products played a role in contaminating water supplies. Nearly half of all U.S. tap water contains PFAS, per U.S. Geological Survey estimates. In addition to the settlement, 3M plans to stop making forever chemicals by 2025.

Some states have also implemented bans on PFAS in various consumer products, including California, Maine, Minnesota, New York, and Washington.

Unique Problem, Unique Opportunity

The movement away from PFAS presents a unique challenge for companies.

Waterproof materials are a necessity for many essential products, such as firefighter uniforms. These products’ manufacturers will need to find a replacement for PFAS while still maintaining quality and functionality.

Companies like Patagonia and Keen have already been experimenting with PFAS alternatives for about two decades. In particular, Patagonia has agreed to share any breakthroughs with other companies, in hopes of pioneering change across industries.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out


Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS24032703

TLS 1.2 Encrypted
Equal Housing Lender