EFFECTS OF SUSTAINABILITY
Our comprehension of sustainability
GUIDELINES FOR SUSTAINABLE EFFORTS
Sustainability is fundamental to our company. It harmonizes with our culture and our self-perception as a global commercial company. A foundation-owned company rooted in tradition, the CHT Group has embraced the aspects of sustainability for a very long time. The legacy of the company’s founder already stipulated job security, family-friendly working time models and corporate social responsibility (CSR). We assume that current challenges arising from a growing global population, climate change and an increasingly complex flow of goods will only be met by implementing sustainable actions and management. We take responsibility for our actions, our company and society as a whole.
MAKING USE OF GROWTH OPPORTUNITIES
We have recognized the importance of sustainability as a significant, global growth driver. Therefore, we always analyze sustainability trends in the market segments we serve. This enables us to develop new business opportunities and support our customers with innovative and sustainable products and solutions. Critical success factors for chemical companies are, among other things, the type and quality of raw materials and how they are secured. Therefore, for the selection and evaluation of new and existing suppliers, in addition to economic criteria we take into account environmental, social and corporate governance standards. By defining sustainability criteria for research and development we ensure that new products and processes support our company goals worldwide. Our sustainable personnel policy leads to staff that have a strong identification with our company. What is more, by our commitment to sustainability we see it as increasing our chances to win young “high potentials” as employees worldwide and to integrate them in the further development of CHT Group. Ecological and social responsibility meets the younger generation’s interest in a highly globalized world. We see the expansion of a family-friendly working environment with flexible working hours and workplace models as both an obligation and an opportunity for our company.
CHT commits itself to its responsibility to respect human rights. We do not tolerate human rights violations in our business activities. It is important to us that our partners along the entire value chain also commit themselves to this. We therefore call on them to recognize our Code of Conduct. We continuously communicate our goals and how we comprehend sustainability both internally and externally. That is why we inform our staff, customers and the public about what they can expect from us. Moreover, CHT is committed to national and internal associations, and together with customers, partners and NGOs we implement sustainability along all relevant value chains and define common goals. Our sustainability commitment is supported by our staff. They get involved in projects and operate in compliance with sustainability goals. On the one hand, they support our customers in terms of sustainability, on the other hand they act sustainably at their workplace – a great idea which will spread even wider.
WHICH CHALLENGES DO WE HAVE TO MEET?
Together with the major international textile chemical companies, we founded the Sustainable Chemistry for the Textile Industry (SCTI) alliance in the fall of 2020 to drive sustainability in the textile industry. In the textile trade and textile manufacturing, the high demands and legal requirements in the European and US buyer markets are linked with the topic of sustainability. High importance of cost is caused by a global sourcing structure and low social and ecological regulations in many textile producing countries in Asia and South America. Complex supply chains with different legal requirements and environmental standards globally resulted in more than 300 chemical requirements according to the Manufacturing Restricted Substances List (MRSL) for the manufacturing of textile products. This development can neither be managed by the affected industrial companies nor does it lead to transparency to the end users. GCIRT has therefore initiated a joint effort with all participants to establish uniform environmental standards worldwide within the international textile value chain.We participate in specialized working groups (ZDHC), stakeholder discussions (within a social, economic and political frame) and are in direct dialogue with brand companies and retailers.The worldwide trend towards a circular economy, avoidance of microplastics and climate-neutral economic activity opens up new business opportunities for CHT.
CHT Germany is also involved in the Chemistry4Climate (C4C) climate protection platform founded in 2020 as part of the German Chemical Industry Association (VCI). Together with many stakeholders, the companies participating in it will discuss the challenges and conditions for greenhouse gas-neutral chemical production in 2050, as described in the Roadmap 2050. On this basis, they will develop concrete recommendations for action and concepts for implementation.