Sika Joins Supply Chain Sustainability Initiative
Sika reports that its goal is a 12% reduction in carbon dioxide emissions per ton manufactured by 2023.
Sika recently announced that it has joined the Together for Sustainability (TfS) initiative as a new member. Founded in 2011, TfS aims to improve sustainability practices within the chemicals industry supply chain.
With this membership, Sika reports that it sets clear targets for compliance with sustainability and quality standards in procurement and within the supply chain. Sika is the 25th member and will apply global standards for environmental, social, and governance performance of supply chains. The TfS program is based on the UN Global Compact and Responsible Care® principles and allows Sika to assess and evaluate the performance of its suppliers in various aspects. This includes environmental, labor, and human rights, as well as ethical and sustainable procurement performance in order to achieve measurable improvements and its own sustainability performance.
“Sustainability is a core element of our growth strategy and procurement plays a key role making sure we select our vendors according to the highest standards related to environment, labor & human rights, ethics and sustainable procurement,” said Marcos Vazquez, head of Procurement for Sika Group. “Joining TfS will allow Sika to learn and exchange with its members best practices in sustainability, and to actively participate in the improvement of sustainability practices within the supply chains of the chemical industry."
According to Bertrand Conquéret, TfS president, “The membership of Sika will enable TfS to further deliver on its strategy to continuously increase the sustainability impact of global chemical supply chains. By joining TfS, Sika will benefit from the TfS framework, collaborative mindset and robust tools to assess and improve the sustainability performance of its supplying companies while at the same time increase its own responsible sourcing program. Sika together with the other 24 TfS member companies, will contribute to shaping the future of the chemical industry and its customers.”