LOADING

Type to search

Taulia Introduces ESG Component to its Supply Chain Finance Program With Henkel

Taulia Introduces ESG Component to its Supply Chain Finance Program With Henkel

Taulia, a leading working capital management solutions provider, and Henkel, the German adhesives and consumer goods giant, have announced the successful integration of sustainability criteria into the largest segment of Henkel’s supply chain finance program.

The Supply Chain Finance program, which the two companies have been running since 2015, will now provide flexible financing options to Henkel’s suppliers with preferential rates depending on suppliers’ ESG ratings. By improving their ESG rating, suppliers can further reduce financing costs in the supply chain. This program underscores Henkel’s target to achieve 100 million tons of CO2 reductions together with customers, consumers, and suppliers between 2016 and 2025.

The program is supported by Taulia’s tech solution to allow scale. Taulia’s multi-funder model enables businesses to access an ecosystem of financial institutions, which include UniCredit and ING providing them with flexibility and a way to mitigate risk by diversifying funding sources. Furthermore, the integration of ESG ratings will allow many more companies to realize their ESG goals, while maintaining the welfare of their supply chain.

Cedric Bru, CEO, Taulia said: “This project marks an important milestone in establishing transparency around sustainability in supply chains. Together with Henkel, Taulia will deliver a program that makes liquidity available to eligible suppliers in the supply chain and incentivize suppliers to minimize the impact they have on the environment.”

See related article: Walmart, Ørsted and Schneider Electric Announce First Cohort for Renewable Energy Supply Chain Program

Marco Swoboda, CFO, Henkel, said: “Henkel considers itself a pioneer in the field of sustainability which is an essential part of our strategic agenda for purposeful growth. Sustainability has become a key criterion of successful supply chains nowadays. Turning our Supply Chain Finance program with Taulia sustainable marks another step in this direction.”

Ulrich Borgstädt, Head of Group Treasury, Henkel, said: “Already today, we are using ESG ratings in selecting our suppliers. Our sustainable Supply Chain Finance program incentivizes our suppliers to improve their ESG rating using a multi-dimensional approach on sustainability beyond pure carbon reduction. Our sustainable supplier financing allows them to participate by receiving preferential discount rates.”

Inés Lüdke, Head of Working Capital Sales Germany at UniCredit said: “We support our corporate clients to be successful in the transformation to achieve defined ESG goals and to stay a sustainable enterprise in the future.”

Adriaan Bellaart, Global Lead of Supply Chain Finance at ING Bank said: “At ING, we believe that sustainable business is better business. That is why we are committed to supporting clients to take action in improving their sustainability levels through financing and rewarding their efforts to transition to a more sustainable business.”

Source: Taulia

Topics

Related Articles

Leave a Comment

Your email address will not be published. Required fields are marked *

LOADING

Type to search

Blog

Image of official Toronto Climate Week logo nad icon in reverse white text over blue background
PwC Survey Finds Rising Pressure and Value in Corporate Sustainability Reporting
IBM Launches API to Embed Emissions Data into Corporate and Vendor Tools
Founder Group to Build $2.76B Solar and Storage Complex in Sarawak
Germany Delivers Nearly $14 Billion in Climate Finance for 2024
Standard Chartered Backs L&T with $700M Sustainability-Linked Trade Financing
MAS Appoints Abigail Ng as New Chief Sustainability Officer
ESG News WEEK IN REVIeW 21 Sept - 28 sept
OXCCU Secures $28 Million to Scale Carbon-to-Fuel Technology for Aviation
Dutch Startup Brineworks Secures $7.3M to Scale Direct Air Capture for e-Fuels
Becky Park-Romanovsky on Building Toronto Climate Week and Canada’s Climate Future
DHL, Hapag-Lloyd Expand Use of Sustainable Marine Fuels to Cut Supply Chain Emissions
EU Pushes Back Supply Chain Deforestation Rules by One Year
California Names 4,000+ Companies Facing Mandatory Climate Disclosures
Levi Strauss and Schneider Electric launch supply chain renewable energy accelerator in India
EFRAG Maps Digital Tools to Advance SME Sustainability Reporting
Watershed Launches AI-Driven Product Footprints to Tackle Scope 3 Supply Chain Emissions
PRI Awards 2025 Spotlight Responsible Investment Leaders
Frontier Launches Rail-Based Carbon Management Platform for Ethanol Sector
UK Signs Contracts for First Commercial Carbon Capture Projects
","session_id":"ep-sess-1760262879-TiE5Hm4B","page_url":"https:\/\/esgnews.com\/taulia-introduces-esg-component-to-its-supply-chain-finance-program-with-henkel\/","post_id":"15899","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */