Good governance practices enhance the transparency and reputation of the EU chemical industry, improve relations with external stakeholders and allows for better management of sustainability-related matters across its complex value chain. The Responsible Care initiative, an ethical framework for safe chemicals management and performance excellence, aims to achieve these goals. Good governance is a fundamental aspect of SDG 16, ‘Peace, Justice, and Strong Institutions,’ and is essential for achieving the SDGs.
Contribution to the EU Green Deal
The EU Green Deal aims to transform the EU into a modern, resource-efficient, and competitive economy. Central to achieving this target is prioritizing good business practices, managing risks, and seizing opportunities.
Sustainable supply chain management
Sustainability reports and assessments of the industry’s supply chain can be used during procurement, in the selection of new or the reevaluation of current suppliers supporting the due diligence of the chemical companies. The chemical industry has voluntary tools – Safety & Quality Assessment for Sustainability (SQAS) and Together for Sustainability (TfS)– to assess the HSE and sustainability performance of its suppliers which can be used in the selection process of these suppliers.
Suppliers in the chemical sector audited for sustainability performance
Valid SQAS and TfS assessments per year for suppliers of the European chemical industry
The number of suppliers’ sites in the chemical supply chain with valid SQAS assessments or TfS audits is on the rise. This indicates a growing opportunity for chemical companies to incorporate sustainability criteria into their procurement processes.
Associated SDG targets
