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More Henkel Corporate Reporting 2014
The initiative “Together for Sustainability – The Chemical Initiative for Sustainable Supply Chains” (TfS) is based on the principles of the United Nations Global Compact and the Responsible Care Initiative of the International Council of Chemical Associations (ICCA). Its aim is to harmonize the increasingly complex supply chain management processes and to optimize the dialog among worldwide business partners. Above all, synergies are to be created so that resources can be used more efficiently and with a minimum of administrative effort, not only among the member companies but with all of our shared suppliers. In 2014, the Initiative grew again, and the number of members doubled to 12.
On December 1, 2014, the TfS also changed its legal status. Through partnering with the Brussels-based European Chemical Industry Council (CEFIC), the initiative now has the status of an independent, non-profit organization. This collaboration will generate even more synergies across the chemical industry.
TfS members are responsible for using supplier codes and risk analyses to define their supplier requirements. Assessments and audits are then performed by independent experts for the Initiative. Performance is assessed in the areas of management, environment, health and safety, employment rights, human rights, and ethical corporate governance topics. A new assessment or audit is used to check that corrective actions have been implemented. Follow-up controls and subsequent supplier management is the responsibility of the individual member companies.
Henkel is also a member of AIM-PROGRESS, a forum of companies in the consumer goods industry. Like the “Together for Sustainability” Initiative, AIM-PROGRESS encourages member companies to share experiences and utilize synergies. The forum also seeks to develop and promote the use of shared evaluation methods to determine CSR performance along the value chain.