Alzchem Group AG awarded for sustainable supply chains: Outstanding result certified by 'Together for Sustainability (TfS)' initiative

EQS-Media / 13.12.2023 / 14:09 CET/CEST

Alzchem awarded for sustainable supply chains: Outstanding result certified by "Together for Sustainability (TfS)" initiative

With 192 out of a possible 200 points, Alzchem ranks very high in the audit of the industry initiative "Together for Sustainability (TfS)". This certifies that the specialty chemicals company is a trustworthy and sustainable supplier. The sustainability performance was evaluated based on a series of defined test criteria in the areas of management, environment, health, safety, employee and human rights as well as responsible corporate governance.

Alzchem has been participating in TfS audits for several years. The initiative has set itself the goal of raising standards in terms of economically, socially and ecologically responsible corporate governance throughout the chemical industry. Members are global chemical companies that commit to consistently assessing, auditing and improving sustainability practices within their global supply chains. Because a responsible chemical industry that acts sustainably requires the commitment of all stakeholders operating within the supply chain. Together, the aim is to create a global standard for supply chains, which on the one hand ensures transparency, but also avoids repeated evaluations by different clients, thus saving effort and time. The audit program is based on the principles of the UN Global Compact and the Responsible Care initiative.

To gain a deep insight into Alzchem's sustainability practices, a TfS audit was conducted by approved external auditors at the Trostberg and Waldkraiburg sites. Here, the company's sustainability performance was reviewed against established TfS criteria. The results were made available to Alzchem and all members of the TfS initiative. By receiving an excellent rating, the company shows that sustainability is a central part of its strategy and that it is continuously working on improving its performance in this area.

"We are very pleased with our excellent result and support wholeheartedly the development of making the chemical industry more sustainable. The TfS standards ensure transparency in CO2 footprints and comparability in competitive conditions within the chemical value chain," explains CSO Dr Georg Weichselbaumer.

About Alzchem

Alzchem is a globally active specialty chemicals company that is one of the market leaders in most of its fields of activity. Alzchem benefits from the three very different global developments climate change, population growth and longer life expectancy in a unique way. Alzchem products can offer attractive solutions for achieving the resulting social goals in a multitude of different applications.

The company sees interesting growth prospects for itself in the areas of human and animal nutrition and agriculture in particular. As a result of population growth, it is necessary to achieve efficient food production. Pharmaceutical raw materials and creatine products can contribute to a healthy old age as life expectancy increases. Alzchem is facing up to the goal of sustainability arising from climate change in the field of renewable energies and across the entire company. The fields of fine chemicals and metallurgy offer just as great a perspective.

Alzchem Group AG’s broad product range includes dietary supplements, precursors for corona tests and pharmaceutical raw materials. These products are the company's response to global trends and developments. Alzchem is ideally positioned in this respect and considers itself well prepared for an environmental future and global developments.

The company employs around 1,680 people at four production sites in Germany and a plant in Sweden, as well as three sales companies in the USA, China and England. Alzchem generated Group sales of around EUR 542.2 million and EBITDA of around EUR 61.4 million in 2022.

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Language:

English

Company:

Alzchem Group AG

Dr.-Albert-Frank-Str. 32

83308 Trostberg

Germany

Phone:

+498621862888

Fax:

+49862186502888

E-mail:

ir@alzchem.com

Internet:

www.alzchem.com

ISIN:

DE000A2YNT30

WKN:

A2YNT3

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Stuttgart

EQS News ID:

1796281

End of News

EQS Media

1796281 13.12.2023 CET/CEST