(PRESS RELEASE) BAAR, Switzerland, 26-Feb-2020 — /EuropaWire/ — Sika announces its membership in ‘Together for Sustainability’ (TfS) initiative. TfS, founded in 2011, aims for the advancement of chemicals industry’s sustainability practice within the supply chain. Sika’s growth strategy focuses on sustainability as a key feature and an important aspect.
As a member of TfS, Sika 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.
Based on the UN Global Compact and Responsible Care® principles, The TfS program allows Sika to assess and evaluate the performance of its suppliers in various aspects. Environmental, labor & human rights, ethical and sustainable procurement performance are analysed 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. 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,” commented Marcos Vazquez, Head of Sika Group Procurement.
“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,“ said Bertrand Conquéret, TfS President.
Sika’s primary goal is to reduce CO2 emissions per ton manufactured by 12% until 2023. Climate Performance is one of the target areas of Sika’s Growth Strategy 2023. Sika is processing CO2 reduction programs covering all regions and countries because of the importance of the topic.
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