;
Home / Knowledge / News / Information Technology / BASF & Thinkstep join hands for sustainable management
BASF & Thinkstep join hands for sustainable management
05
Jun '15
German textile chemicals producer, BASF, and Thinkstep, a company specialised in the development and marketing of sustainability software, have joined hands for marketing of the Sustainable Solution Steering method developed by BASF for sustainable portfolio management.

The two organisations have signed a licensing agreement that extends their existing alliance. The aim of the licensing is to support BASF customers and other organizations in assessing and steering their product portfolio in line with sustainability criteria. The Sustainable Solution Steering method will be integrated in the thinkstep.one sustainability platform for that purpose.

Using the externally validated method, BASF analyzed approximately 60,000 product applications over a period of three years, classified them into various categories according to their relevance to sustainability and assessed them on that basis. In this way the company aims to increase the percentage of solutions in its portfolio with significant contribution to sustainability in the value chains.

Through the alliance with Thinkstep, the method is made available to other organisations for portfolio assessment and management. More sustainable solutions can then be established across companies and throughout entire supply chains, according to a joint press release.

To develop sustainable products and solutions, businesses need to know the specific contribution of individual applications to sustainable development to continuously improve that contribution according to economic, environmental, and social criteria.

For many years now, businesses have been using internationally recognized standards such as life cycle assessment and carbon foot printing to assess single products and processes. However, no generally recognized industrial standard exists for the measurement and systematic management of the sustainability contribution of an entire product portfolio. International chemical companies – including BASF – have therefore started to develop their own methods to assess their portfolios according to sustainability criteria. (GK)

Fibre2fashion News Desk - India


Must ReadView All

Japanese capital pouring into textile, garments in Vietnam

Apparel/Garments | On 12th Dec 2018

Japanese capital pouring into textile, garments in Vietnam

Several Japanese companies, including Itochu and Sakai Amiori, are...

Chanel bans fur, exotic animal skins in its products

Fashion | On 12th Dec 2018

Chanel bans fur, exotic animal skins in its products

French fashion retailer Chanel recently announced it will stop using...

Apparel, footwear brands failing to tackle exploitation

Apparel/Garments | On 12th Dec 2018

Apparel, footwear brands failing to tackle exploitation

Apparel and footwear firms are failing to tackle exploitation of...

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sugandha Bhardwaj,

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search