#Sustainability

2023-02-16

SABIC joins global together for sustainability initiative

SABIC, a global leader in the chemicals industry, has joined Together for Sustainability (TfS), a procurement-driven initiative created by chemical companies with the goal of assessing, auditing, improving sustainability practices within their supply chains. Building on SABIC’s global network and commitment to driving sustainable solutions through collaboration, the move will enable SABIC to help raise sustainability standards in procurement in partnership with a network of 40+ other chemical companies.

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.

Bertrand Conquéret, President of TfS, said, “The arrival of SABIC strengthens TfS’s global leadership and opens up a new region, namely the Middle East. Together and with our strategic partners we will continue to increase our impact on the sustainability performance in chemical supply chains around the world.”

The move signals yet another way SABIC seeks to deliver sustainable solutions by collaborating and exchanging ideas with experienced industry peers. In addition to TfS, SABIC co-chairs the LCET Initiative, an effort developed with the World Economic Forum (WEF) focused on upscaling low-carbon emitting technologies in chemical production to put the industry on track to reach net zero emissions by 2050. The company is also a founding member of the Alliance to End Plastic Waste, a global community of companies dedicated to building a circular economy for plastic.

Updated supply chain taxonomy advances apparel alignment

The apparel alliance (Apparel Impact Institute, Cascale, Textile Exchange, and ZDHC Foundation) today announced the launch of Version 2 of the Supply Chain Taxonomy, an updated harmonized framework designed to improve consistency, transparency, and collaboration across the textile, clothing, leather, and footwear (TCLF) sectors of the broader apparel industry.

Indovinya advances sustainable solutions with agreement for the supply of renewable Oxygen from Air Liquide

Indovinya, the specialty chemicals and surfactants division of Indorama Ventures, has entered into an agreement with Air Liquide — a world leader in gases, technologies, and services for industry and healthcare — for the supply of renewable oxygen. The agreement represents a strategic advancement in Indovinya’s commitment to sustainability, as it increases the share of renewable raw materials in the production of ethylene oxide, one of its key products.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.

C&S strengthens its governance to support its evolution

C&S announces the appointment of Marco Lucietti to its Board of Directors. With extensive international experience across the textile and denim industries, Lucietti will work alongside CEO Federico Corneli, contributing to the company’s managerial development, organizational structure and long-term strategic direction.