In anticipation of our Anniversary event, we are sharing with you some pre-read materials: please…
2020 marked the first full year during which Grow&Deliver – the TfS strategy for the period 2020-2025 – was fully implemented. Built on four pillars, TfS Grow&Deliver enables the initiative to transition from measuring performance to creating impact on global supply chain performance. The pillars include building higher standards; strategically extension of the initiative in regions where the biggest impact in terms of sustainability improvement can be achieved; the need to develop collaborative actions; and the creation of a stronger TfS community. The new strategy will enable TfS to grow into a truly global initiative and make tangible impacts to improve sustainability in the chemical supply chains.
Some of our 2020 Grow&Deliver highlights:
Since the start of the initiative in 2011, TfS has been able to perform a total of over 15,000 supplier evaluations and 751 TfS Audits. Despite the consequences of COVID-19, TfS successfully completed in 2020 5,316 shared supplier TfS Assessments and 258 shared supplier TfS Audits.
The TfS initiative increasingly uses technology and digital tools to raise the quality of its program. Data mining has been used to analyse TfS assessment and audit results and pinpoint those sustainability topics and corresponding geographies where TfS can leverage the biggest in terms of sustainability improvement.
Increasing transparency in the supply chain is key. Hence TfS launched the Tier-N pilot project. The project provides the framework to work with members and suppliers to create deep supply transparency allowing suppliers to invite their suppliers and their suppliers to participate in TfS Assessments. TfS also started testing the concept of virtual audits and kicked off a pilot to temporarily include SMETA and PSCI audits in the TfS audit approved scheme
In terms of extended reach, the past year 7 new leading chemical companies joined the initiative, raising the total number of members to 29. The growth of the TfS membership increased the TfS reach and diversity. TfS put particular emphasis on its growth areas, namely the Asia Pacific region including not only China, but also Japan, India and Singapore.
Under the Grow&Deliver pillar of collaborative actions, TfS develops new initiatives to to the benefit of all member companies. These include the launch of a new program and work stream “Scope 3 GHG Emissions”. This workstream will develop a methodology to measure emissions and share the results among the supplier and member companies.
Additionally, TfS kicked off a Capability Building Framework & Concept project, aiming to create a practice-oriented learning environment for supplier and buyer communities to help them solve key issues in the field of sustainable development.
Finally, as a member-driven organisation, TfS is built on strong partnerships and commitments of many participants. To deliver on its ambitious Grow&Deliver goals, TfS needs an informed and connected community. Therefore, TfS launched a series of initiatives to enhance information-sharing and exchange of best practice. These include CPO discussions focusing on best practice exchange and the introduction of #TfSTalks, a series of online webinars where sustainability topics of joint interest of the TfS membership will be discussed on a quarterly basis.
The Annual Report provides an extensive overview of our efforts and highlights from 2020. Read the full update of TfS activities for the year 2020 here.