Henkel Announces Sustainability Collaboration with Chemical Companies
Henkel recently announced it has joined forces with five additional chemical companies in a new collaborative initiative, “Together for Sustainability.” Henkel will reportedly work with BASF, Bayer MaterialScience, Evonik Industries, LANXESS and Solvay to harmonize the complex supply management and optimize the joint dialogue with global business partners.
The sustainability collaboration holds the basic idea of “an audit for one is an audit for all,” meaning that audit reports are available to all member companies, and the results of supplier assessments are shared on a web-based platform. This exchange can enable the suppliers to do only one “self-assessment” or a single audit in future years and helps to standardize the assessments and audit criteria globally.