EcoVadis and TfS Extend Partnership Aiming to Drive Sustainable Supply Chain in the Chemical Industry Worldwide
NEW YORK and BRUSSELS, Sept. 30, 2015 /PRNewswire/ -- EcoVadis, the first collaborative platform providing sustainability performance ratings and improvement tools for supply chains, and Together for Sustainability (TfS), the chemical industry sustainability initiative, announce the renewal of their partnership in order to further advance sustainable practices in the supply chain of the chemical industry.
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TfS membership, which includes AkzoNobel, Bayer, Eastman, Merck and BASF, has more than doubled since its founding four years ago. In addition to the six founding members, TfS added members from Europe and from the United States and intends to continuously grow globally. The member companies of TfS join forces to assess and audit their suppliers and share the results. The benefits are on both sides: suppliers receive one request from TfS instead of multiple from each individual customer and TfS members share the results. Through the use of those synergies more efforts can be directed into improvement measures. EcoVadis is the cooperation partner of TfS for assessments and the assessment program has expanded to have significant impact, with a total of more than 7,800 supplier companies engaged to date.
The TFS assessment program is supported by the EcoVadis cloud collaboration platform and CSR rating service, which is backed by a global team of 250 people and provides performance improvement tools for suppliers across 100 countries.
"TfS is pleased to extend this partnership with EcoVadis, and we look forward to building on the success we have achieved thus far with the assessment program," said Rudiger Eberhard, President of TfS and Chief Procurement Officer of Evonik Industries. "With more than 70% of suppliers improving their scores upon second evaluation, this has given us great confidence in the effectiveness of EcoVadis rating and collaboration system."
"In only 4 years TfS has become the benchmark for what industry collaboration for Sustainable Supply Chain should be" added EcoVadis co-CEO and co-Founder Pierre-François Thaler. "They have scaled and driven impressive results through a clear vision and very strong commitments of Chief Procurement Officers of the member companies. We are very proud to be continuing with TfS' pioneering effort to drive improvements of CSR practices in the Chemical supply chains".
About Together for Sustainability (TfS):
TfS AISBL is a joint initiative of chemical companies for sustainable supply chains. It was founded in 2011, to develop and implement a global program to assess, audit and improve sustainability practices within the supply chains of the chemical industry. Currently it has 16 member companies worldwide and intends to grow globally. http://www.tfs-initiative.com/
TfS press contact:
Mrs. Dr. Gabriele Unger
General Manager TfS
Phone: +32 2792 7515
Email
About EcoVadis:
EcoVadis operates the first collaborative network for managing sustainability performance of suppliers across 150 sectors and 110 countries. EcoVadis ratings and easy to use monitoring tools allow companies to manage risks and drive eco-innovations in their global supply chains. www.ecovadis.com
EcoVadis Press contact:
David McClintock, Marketing Director
EcoVadis.
Phone (805) 364-3239
Email
SOURCE EcoVadis Inc.
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