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Partnering to Advance a Sustainable Supply Chain
In order to effectively address the wide-ranging challenges of a sustainable supply chain and to leverage synergies, Bayer joined two industry initiatives – the “Pharmaceutical Supply Chain Initiative” (PSCI) and “Together for Sustainability” (TfS), an initiative that was co-founded by Bayer.
Bayer drives collaboration with PSCI and TfS to establish new sustainability standards for the it supply base and the supply base of its peers (peer companies). Both initiatives are integral elements of Bayer's commitment to sustainability in the supply chain.
In the initiatives, sustainability assessments and audit results of suppliers are exchanged. Sharing information with multiple customers reduces the number of double assessments and audits. It also significantly reduces time spent, resources used and overall costs. This enables both sourcing and supplying organizations to allocate resources more efficiently and to mutually improve sustainability standards in the global supply chains of the respective industries.
Both initiatives focus not only on conducting audits or assessments, but also on capability building for suppliers for example through training courses and events. This supports suppliers in operating consistently with industry expectations on sustainability and goes hand in hand with Bayer’s supplier development ambitions.
Together for Sustainability (TfS) a joint initiative and global network of 30 chemical companies, delivers the de facto global standard for environmental, social and governance performance of chemical supply chains. The TfS program is based on the UN Global Compact and Responsible Care? principles.
If you would like to find out more about TfS’ activities, please view their annual report.
The Pharmaceutical Supply Chain Initiative (PSCI)?is a group of pharmaceutical and healthcare companies who share a vision of better social, health, safety and environmental outcomes in the communities where we buy.
We believe that collectively PSCI members can share knowledge and expertise, across our industry, to drive complex, global change more effectively than any one organisation alone.
We have joined forces to promote responsible supply chain management and better business conditions across the industry.
If you would like to find out more about PSCI, please view their annual report available online.