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Chemical companies join hands for TfS initiative

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In order to enhance sustainability within the supply chain the chemical companies AkzoNobel, BASF, Bayer, Clariant, Evonik Industries, Henkel, LANXESS and Solvay joined forces in the Together for Sustainability (TfS) initiative. So far, TfS members have successfully initiated about 2,000 assessments and audits. In 2014, TfS is expanding its activities in high growth sourcing markets, including Brazil, China and India.

TfS aims at developing and implementing a global supplier engagement programme that assesses and improves sustainability sourcing practices, including ecological and social aspects. The initiative is based on best practices and builds on established principles – such as the United Nations Global Compact (UNGC) and the Responsible Care Global Charter as well as standards developed by the International Labor Organization (ILO), the International Organization for Standardization (ISO) and Social Accountability International (SAI).

The TfS initiative involves assessments and audits of suppliers by independent experts. 2014 marks the next phase of the initiative’s global roll out to additional sourcing markets and a further growth of TfS membership. There are several benefits for suppliers participating in the TfS initiative. Sharing information with multiple customers reduces the number of double assessments and audits, and as such significantly reduces time, resources and overall costs.

EP News BureauMumbai

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