Khaled Saleh Al-Kharboush, Vice President of Global Procurement at SABIC, said, “Embedding sustainability into the company’s procurement processes, policies and culture as a foundational pillar is a key part of SABIC’s sustainable procurement strategy. Joining TfS will enable us to reach our goals faster, to allocate our resources to value-adding activities, and to proactively contribute to enhanced ESG performance in close collaboration with our industry peers.”

By joining TfS, SABIC will also gain access to established methodologies and infrastructure that will help accelerate the implementation of its sustainable procurement strategy and environmental, social and governance (ESG) goals. Collaboration is vital to increasing the industry’s transparency on upstream value chains to support further reductions in scope 3 greenhouse emissions. Members of TfS jointly operate global supplier assessments and audit programs through independent experts, eliminating the need for each member to conduct their own assessment programs and greatly reducing the burden on suppliers to participate in numerous different programs.