Good governance practices enhance the transparency and reputation of the EU chemical industry, improve relations with external stakeholders, and allow 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 prioritising 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 suppliers or the reevaluation of current ones, 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 supplier selection process.
The number of supplier sites in the chemical supply chain with valid Safety & Quality Assessment (SQAS) or Together for Sustainability (TfS) audits is on the rise. This indicates a growing opportunity for chemical companies to incorporate sustainability criteria into their procurement processes.
Valid SQAS assessment and TfS audits per year for suppliers of the European Chemical Industry
