Planet – Sustainable value chains
Building sustainable value chains
Sustainability requires the economic benefits of a company’s activities to be balanced with high quality and good social conditions while minimising the ecological impacts. This can only be achieved by building close relationships up and down the supply chain; i.e. with suppliers as well as customers.
The chemicals, plastics and life sciences industry is increasingly aware of the importance of value chain collaboration to achieve excellence in sustainability, and a growing number of companies have integrated sustainability into their business strategies. By applying high sustainability standards throughout its operations and supply chains, the industry is committed to increasing levels of awareness and knowledge about sustainability among its global suppliers as well as its customers.
When making purchasing decisions, companies in the sector are questioning their suppliers about their sustainability performances. The European chemicals industry’s ‘Together for sustainability’ initiative is one example of this commitment.
essenscia is engaged in the ‘Circular Flanders’ initiative to support companies in making the transition to a circular economy. As such, it signed up to the ‘Green Deal on Circular Procurement’ as a facilitator.
The European Commission has named Wallonia as one of the six best-practice regions in the field of sustainable chemistry. essenscia is one of the partners in this project, where best-practice regions will take the lead in developing sustainable chemistry in Europe, particularly by making use of local raw materials such as biomass, waste or CO2. The experiences gained during this initiative will be shared with other interested European regions.