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29 October 2013 | Gurjit Degun
Six major chemical companies have joined forces to enhance transparency and drive improvements in their supply chains.
The move by BASF, Bayer, Evonik Industries, Henkel, Lanxess and Solvay is part of the Together for Sustainability (TfS) initiative, which has concluded its first year of piloting sustainability assessments and audits in global supply chains.
TfS develops and implements a global supplier engagement programme that assesses and improves sustainability sourcing practices, including ecological and social aspects.
It means that suppliers will now only have to complete one form with sustainability information for buyers, who would otherwise need separate assessments or audits from each one.
Holger HÃ¼ppeler, head of group function global procurement and logistics at Lanxess, said: "What counts for us at Lanxess is the responsibility throughout the entire value chain. Therefore, we choose suppliers, carriers and service providers not only according to economic terms, but also with regard to how they meet their environmental and social responsibilities."