Together for Sustainability (TfS) recently announced that companies Archroma, AdvanSix & Semperit AG Holding have joined the TfS global initiative for sustainable chemical supply chains.
Together for Sustainability (TfS is a Global Procurement-Driven Initiative based on the UN Global Compact & Responsible Care® principles. The increase of the total TfS membership to 29 multinational chemical companies underlines the growing importance for chemical producers to assess and improve the performance of their procurement operations and supply chains against a set of well-defined environmental, social and governance criteria.
TfS’ current member companies are Advansix, Akzonobel, Archroma, Arkema, Azelis, Basf, Bayer, Borealis, Brenntag, Clariant, Corteva, Covestro, Dsm, Eastman, Evonik, Henkel, Icl, Iff, Kraton, Lanxess, Merck, Sanofi, Semperit, Sika, Solvay, Syngenta, Upm, Wacker, & Wanhua, representing a global turnover in the chemical industry of €349 billion and a global spend of €227 billion.
TfS President Bertrand Conquéret says in the release “I am very proud to welcome 3 new members to the TfS community. In line with TfS’ strategic priority, the growth and the diversity of our membership extends our reach and expands our collective impact on the sustainability performance of chemical supply chains. Given the challenging market environment, increased regulatory pressure and growing societal demand for transparency and accountability, TfS enables chemical companies to become more resilient while ensuring supply security and pro-active management of risk.”