Solvay is one of the six founding members of the sustainable supply chain initiative Together for Sustainability (TfS) and is actively pursuing its Corporate Social Responsibility (CSR) strategy in procurement with TfS.
The company has adopted a risk-based approach in selecting which of its suppliers should be assessed or audited. These suppliers may present a risk for the business, for social standards or for the environment, or they may have been identified as being of strategic interest because Solvay is developing (or wishes to develop) an innovation partnership with them.
Through this approach, Solvay expects a significant long-term improvement in its suppliers’ sustainability practices and a positive impact on its supply chain sustainability. The global objective is for all (or at least a large majority) of these suppliers to be assessed and to reach the standards required by Solvay by 2020.
Meanwhile 2000 suppliers have been assessed, covering 58% of Solvay’s spending on procurement; 57 % of the suppliers that have been re-assessed have improved their scores.
As a result of our continuous effort the acceptance of our sustainable purchasing program has gained ground. Solvay is working in partnership with TfS to also assess its suppliers in China. Nowadays suppliers are proud to be invited by Solvay and obtain a good score through the assessment agency EcoVadis.
The fact that Wanhua joined TfS recently as first Chinese member, acknowledges the gain related to sustainability that can be achieved by joined efforts within the supply chain of the chemical industry.