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This group was formed in 2013 with a focus on professional development through education, publications, and networking. Their definition is:

Responsibly managing the health, safety, and environmental aspects of products throughout their life cycle and across the value chain in order to prevent or minimize negative impacts and maximize value.

In reviewing the abovementioned examples, common elements become quite clear. Whether defined as a set of principles, a program, a tool, a policy, or a process the focus is a product. The risk management of products throughout their life cycle requires an integrated organizational approach, and close relationships with customers and others involved in the supply chain to make PS happen. Drivers for these activities are regulatory, moral, and ethical in nature.