Besides making ambitious growth plans, global chemical companies are also taking steps to increase efficiency and improve productivity with minimum carbon footprint. For this, they are ensuring that sustainable processes are adopted not just within their production facilities but also beyond their factory boundaries. One such initiative is Together for Sustainability (TfS), established in 2011 by six global chemical companies to create benchmarks for sustainable supply chains. TfS has developed and implemented a global programme to assess, audit and improve sustainability practices within the supply chains of the chemical industry.
The initiative is increasingly gaining traction among the chemical industry as TfS membership has more than tripled in the last five years to 19 with companies such as AkzoNobel, Arkema, BASF, Bayer, Clariant, Covestro, Evonik, Henkel, Lanxess, Solvay, etc, as its members. TfS has established a standard approach for assessing and improving the sustainability performance of suppliers within chemical industry supply chains. Its assessments and audits are conducted to a pre-defined set of criteria and then shared across TfS members, improving efficiency for all involved. The TfS members currently share approximately 5,500 assessments and 580 audits.
Indian companies having large international exposure are increasingly showing their willingness to join TfS. Due to the importance of the Indian market and supplier base, the TfS members have chosen Mumbai as location for this year’s TfS supplier conference, to be held on September 20 this year.
