Singapore-based Sustainable Chemistry for the Textile Industry (SCTI), an alliance of six major producers of leather and textile chemicals promoting sustainable chemistry in the industry, has joined forces with the chemical industry’s Together for Sustainability (TfS) initiative. They said that they will “collaborate in driving convergence in standards and methodologies and inspire industry action for a better future”.
Three more companies have joined Together for Sustainability (TfS), the industry initiative for sustainable supply chains, bringing the total membership to 36. They are Germany- and Switzerland-based CDMO CABB; Mitsui, which is the first Japanese member; and Sennics, a Sinochem International subsidiary that makes polymer additives.
Together for Sustainability (TfS), the industry initiative for sustainable chemical supply chains, is launching the TfS Academy. It calls this a “free capability-building and learning offering for its member companies and their suppliers”, enabling them to keep on top of the latest recommendations and expectations in the area of sustainable procurement.
ICL has concluded a five-year €250 million ‘sustainability-linked loan’ from syndicate of five global lenders at 0.8%/year interest. It is the first company in Israel to do so. This is part of its sustainability efforts and includes three performance targets.
ICL will seek to achieve a 4-5% reduction in direct and indirect Scope 1 and Scope 2 CO2 emissions resulting from global operations. Third party monitoring will begin in the 2021 fiscal year, in accordance with the accounting and reporting standards published by the GHG Protocol.
Croda International has come first in the Most Sustainable International Company rankings for companies headquartered outside the US. Calvert Research and Management, a responsible investment management firm, carried these rankings out for financial news source Barron’s. It analysed more than 230 key performance indicators of environmental, social and governance performance.