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Sustainable value chains

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Building sustainable value chains

Sustainability requires the economic benefits of a company’s activities to be balanced with high quality and good social conditions while minimising the ecological impacts. This can only be achieved by building close relationships up and down the supply chain; i.e. with suppliers as well as customers.

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The chemicals, plastics and life sciences industry is increasingly aware of the importance of value chain collaboration to achieve excellence in sustainability, and a growing number of companies have integrated sustainability into their business strategies. By applying high sustainability standards throughout its operations and supply chains, the industry is committed to increasing levels of awareness and knowledge about sustainability among its global suppliers as well as its customers.

When making purchasing decisions, companies in the sector are questioning their suppliers about their sustainability performances. The European chemicals industry’s ‘Together for sustainability’ initiative is one example of this commitment.

essenscia is engaged in the ‘Circular Flanders’ initiative to support companies in making the transition to a circular economy. As such, it signed up to the ‘Green Deal on Circular Procurement’ as a facilitator. A similar initiative is preparing in the Walloon region and essenscia is committed there also.

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