TfS' formal launch in India comes at a time when the Indian Chemical industry is rated 6th in the World and 3rd in Asia in value added terms at constant prices. India is at the cusp of becoming the manufacturing hub for the world with government support and initiatives like Make in India. Business activities of all organizations are thus becoming more global and supply chains more complex. Considering the important role played by chemical industry across sectors including automobile, pharmaceuticals, textiles and even manufacturing, aligning with sustainability will help the sector to drive innovation as well as their growth engine. It is here that the TfS initiative leads by example in corporate responsibility through creating benchmarks for sustainable supply chains.

Since its initiation, the sustainability performance of 4,600 suppliers has been rated within the TfS initiative based on EcoVadis assessments and 446 TfS audits have been conducted globally. The initiative plans to establish benchmarks in the supply chain that can cover all the pillars of sustainability and grant relevant long-term gains both - to the companies and to their suppliers. In 2015, a total of 2,580 sustainability assessments have been shared among TfS Members and 179 new TfS audit reports were received by the TfS initiative. In India, 300 suppliers have been assessed through EcoVadis and audits at 28 sites have been concluded already.

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