A sustainable business model emphasizes a balance between economic benefits, social responsibility, and environmental protection. It is essential for the long-term development of enterprises and social harmony. In a globalized and competitive market, it has become a strategic advantage for businesses. Achieving this goal requires multi-party collaboration, and TFS is a global platform of 26 chemical companies that aims to improve the environmental, social and governance performance of the chemical ** chain and provide guidance for the sustainable growth of the industry. In this article, we'll look at the features and benefits of TFS and how it can leverage its global network to drive sustainable business growth.
TFS is a member-driven initiative that provides the chemical industry with a global standard for sustainability, based on the United Nations Global Compact and Responsible Care principles. Its main features and advantages are as follows:
1.Unified assessment and audit framework:Through a third-party organization to evaluate the management, environment, health and safety, labor and human rights, and governance performance of the company, improve the transparency and credibility of the chain, reduce duplication of work and costs, and improve the efficiency and quality of the chain.
2.One assessment audit, shared by multiple parties:The results of the assessment and audit can be shared with all TFS member firms, avoiding duplication of assessments and audits, saving time and resources, increasing availability and opportunities, and promoting continuous improvement and innovation.
3.Strong TFS Community:Stakeholders such as member companies, businessmen, auditors, training institutions, and non-governmental organizations around the world share best practices, exchange experiences and knowledge, promote cooperation and dialogue, and jointly shape the future of the chemical industry.
4.Promoting sustainable development in the chemical industry:Support the United Nations Sustainable Development Goals (SDGs) and collaborate with other international organizations and initiatives such as the United Nations Environment Programme (UNEP), the World Business Council for Sustainable Development (WBCSD), the Global Reporting Initiative (GRI), etc., to enhance the influence and contribution of the chemical industry in the global sustainable development agenda.
In order to leverage TFS's global network to drive sustainable business growth, companies need to adopt the following strategies:
1.Become a TFS member or quotientBy joining TFS, chemical companies can improve their sustainability performance and that of their suppliers. There is also an opportunity to work with TFS members to advance the industry. Joining TFS means access to assessments, audits, training and events, support and mentorship, and partnerships with other stakeholders.
2.Follow TFS's assessment and audit standards:TFS's assessment and auditing standards are based on internationally recognised principles and best practices and cover multiple aspects of sustainable business. Following these standards helps companies identify their strengths and weaknesses and develop improvements to improve their sustainability performance. This not only improves the reputation and competitiveness of the company, but also sets an example for the industry as a whole.
3.Use assessment and audit findings to drive continuous improvement and innovation:TFS's assessment and audit findings are not only a report, but also a valuable piece of feedback and recommendations. Based on these results, companies should develop and implement corrective action plans and follow up and report on progress on a regular basis. At the same time, companies can use these results to find opportunities for improvement and innovation, such as developing new products and services, adopting new technologies and processes, and optimizing organization and management.
4.Actively participate in the TFS community and activities:By participating in TFS's community and activities, companies can network and collaborate with other stakeholders, share best practices, and exchange experiences and knowledge. This not only helps to enhance the company's capabilities and vision, but also expands its impact and contribution. Enterprises should actively participate in activities such as the TFS Academy, regional operating committees, annual meetings and lectures, and work together with their peers to achieve a sustainable future.
TFS audits