EcoVadis and TfS Expand Collaboration
EcoVadis, the collaborative platform providing sustainability performance ratings and improvement tools for supply chains, and Together for Sustainability (TfS), the chemical industry sustainability initiative, have extended their partnership to further advance sustainable practices in the chemical industry supply chain.
The 16 TfS member companies, mostly based in Europe, but including some in the US, assess and audit their suppliers and share the results, thus reducing paperwork and freeing up more resources to pour into improvement measures. EcoVadis is the initiative’s cooperation partner for assessments.
The TfS assessment program has significantly expanded, with more than 7,800 supplier now engaged, and is supported by the EcoVadis cloud collaboration platform and CSR rating service, itself backed by a global team of 250 people, providing performance improvement tools for suppliers across 100 countries.
Rudiger Eberhard, President of TfS and chief procurement officer of Evonik, said the initiative has “great confidence” in the effectiveness of EcoVadis rating and collaboration system, in particular as more than 70% of suppliers have improved their scores upon second evaluation.
EcoVadis co-CEO and co-founder Pierre-François Thaler said TfS “has become the benchmark for what industry collaboration for Sustainable Supply Chain should be.”