TfS and EcoVadis Renews Collaboration, Moving Sustainable Chemical Supply Chains Forward

PARIS and BRUSSELS, Oct 18, 2018 /PRNewswire/ -- Together for Sustainability (TfS), the sustainability initiative of the chemical industry, and EcoVadis, the most trusted collaborative platform providing sustainability performance ratings, announced the extension of their partnership to further advance sustainable practices in the supply chain of the chemical industry.

Since its beginnings in 2011, TfS has achieved tremendous growth in membership and supplier CSR performance assessments. With 22 members worldwide and more than 10,000 supplier assessments in total, TfS is living up to its aim to become a global standard for sustainable supply chains in the chemical industry. TfS developed and continues to implement a program to assess, audit and improve sustainability practices ? sharing the results of sustainability assessments and audits across all members, one of the key aspects of the initiative.

The TfS approach consists of two core elements: TfS assessments conducted by EcoVadis and TfS audits conducted by independent audit companies. The strategic partnership between TfS and EcoVadis ensures a consistent and reliable supplier assessment approach. The EcoVadis process provides reliable sustainability ratings covering 21 environmental, labor and human rights, and ethics for global supply chains. More than 50,000 companies worldwide use EcoVadis to reduce risk, drive innovation and foster transparency and trust between trading partners.

"TfS is pleased to extend our strategic partnership with EcoVadis, and we look forward to further increasing our impact on the sustainability performance in our global supply chains," said Rüdiger Eberhard, President of TfS and Chief Procurement Officer of Evonik Industries. "The continued positive development of supplier scorecards, with more than 80% of suppliers either maintaining or improving their scores upon re-evaluation, proves the effectiveness of the EcoVadis assessments and platform."

"The global scale and positive impact TfS has achieved through their impressive growth in just seven years, made possible by the clear vision and very strong commitments of the Chief Procurement Officers of all member companies, makes them a strong role model of a sector initiative," added EcoVadis co-CEO and co-Founder Pierre-François Thaler. "We are very proud to be continuing our work with TfS on bringing the sustainability performance in the chemical industry to the next level."

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 22 member companies worldwide and intends to grow globally. TfS is a partner company of Cefic. The TfS Initiative strives to achieve mutual benefits for both its member companies and their suppliers. In doing so, social and environmental conditions are to be continuously improved for the benefit of all relevant stakeholders, including employees, neighborhoods, local communities and society as a whole. TfS consists of an assessment and an audit process. TfS members can individually and independently apply these processes for their sustainable sourcing activities.
http://www.tfs-initiative.com/

About EcoVadis 
EcoVadis is the world's most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis' easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 190 purchasing categories and 150 countries. In addition to TfS and its members, industry leaders such as Johnson & Johnson, L'Oréal, Nestlé, Schneider Electric, and Michelin are among the more than 50,000 businesses on the EcoVadis network, all working with a single methodology to evaluate, collaborate and improve sustainability performance in order to protect their brands, foster transparency and innovation, and accelerate growth. Learn more on ecovadis.com, Twitter or LinkedIn.

EcoVadis Press contact:
Kate Bachman, Director
Corporate Ink for EcoVadis.
Phone +1 617 969 9192
[email protected]  

TfS press contact:
Mrs. Dr. Gabriele Unger
General Manager TfS
Phone: +32 2792 7515
[email protected]  

SOURCE EcoVadis