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.
So far, more than 1,000 suppliers have been assessed, covering more than 50% of Solvay’s spending on procurement, and 67% of the suppliers that have been re-assessed have improved their scores.
One good example of the efforts made by Solvay to support and engage its suppliers in this CSR improvement journey is how one Solvay Global Business Unit has helped a raw material supplier in China to move from a poor CSR score to a gold rating. Thanks to the support of global and local Solvay teams, the supplier now has a CSR score in the top 10% of Solvay’s suppliers, has become the benchmark chemical company in China with respect to CSR and has far more visibility in the TfS community.