EcoVadis & TfS Extend Partnership Aiming to Drive Sustainable Supply Chain in the Chemical Industry

EcoVadis & TfS Extend Partnership Aiming to Drive Sustainable Supply Chain in the Chemical Industry from BUSINESS FRANCE UK

By: BUSINESS FRANCE UK  05/10/2015
Keywords: sustainability, partnership, supply chain

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 to further advance sustainable practices in the supply chains of the chemical industry. | TfS membership has more than doubled since it was founded four years ago. In addition to the six founding members, TfS has accrued members from Europe and the United States and intends to continue growing globally. TfS member companies have joined forces to assess and audit their suppliers and share the results. | The benefits of this collaboration affect both sides: suppliers receive one request from TfS rather than multiple requests from each individual customer, and TfS members share the results. Through the use of these synergies, more efforts can be expended on 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 110 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,” says Rüdiger 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 four years, TfS has become the benchmark for what industry collaboration for Sustainable Supply Chain should be” adds co-CEO and co-Founder of EcoVadis, Pierre-François Thaler. “It has scaled and driven impressive results through the clear vision and very strong commitments of the Chief Procurement Officers within the member companies. We are very proud to be continuing with TfS’ pioneering effort to drive improvements of CSR practices in chemical supply chains”. | About 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. At present, it has 16 member companies worldwide and intends to grow globally. | For further information on TfS, please visit http://www.tfs-initiative.com or contact: Dr. Gabriele Unger, General Manager, TfS Tel: +32 (0)2792 7515 Email: [email protected] | About EcoVadis | EcoVadis operates the first online collaborative network enabling companies to manage the sustainability performance of their suppliers across 150 sectors and 110 countries. EcoVadis reliable ratings and easy to use monitoring tools allow companies to manage risks and drive eco-innovations in their global supply chains. | For further information on EcoVadis, please visit www.ecovadis.com or contact: David McClintock, Marketing Director, EcoVadis | Tel: +33 (0)1 82 83 86 09 | Email: [email protected] | For further information regarding this press release, please contact: Fran Lambert, Communications & Marketing Advisor | BUSINESS FRANCE Press Office in London | Tel: +44 (0)20 7024 3613 | Email: [email protected] | View other press releases at: http://www.youbuyfrance.com/uk/

Keywords: chemical industry, EcoVadis, partnership, supply chain, sustainability, Together for Sustainability,

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