Dan’s Biz Bookshelf: The Ten Faces of Innovation
It’s Only Common Sense: Be the Solution, Not the Problem
American Made Advocacy: Long-time Challenges Confront a New Administration
Taulia Introduces ESG Component to Supply Chain Finance Program With Henkel
October 20, 2022 | Business WireEstimated reading time: 2 minutes
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.”
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.”
Share on:
Suggested Items
IPC Asia’s Talent Development Program Opens Pathways to a More Qualified Workforce
03/14/2025 | Evelyn Cui, IPC AsiaIn Asia, the contradiction between the rapid development of the electronics manufacturing industry and the shortage of talent is particularly evident. The existing talent pool cannot fully meet the market's demand for highly skilled professionals. According to feedback from industry companies, there is an urgent need for professionals with knowledge of IPC standards and practical skills in electronics. However, the reality is that most academic courses are disconnected from the actual needs of the industry, leading to disappointing results when companies recruit from universities and schools.
Imagine the Possibilities: Tech Conference 2025
03/05/2025 | Marcy LaRont, I-Connect007As we approach the 25th anniversary of IPC APEX EXPO, excitement buzzes around the annual Technical Program. Coming off a tremendously successful program in 2024—co-hosted with ECWC16 and with a significant global presence—organizers wanted to match that same level of engagement. In this interview, Stan Rak of SF Rak Company and Udo Welzel of Robert Bosch Mobility Electronics, co-chairs of the Technical Program Committee (TPC), highlight efforts of the volunteer committee to bring another quality technical program to life.
One Designer’s Journey With IPC Apprenticeships
03/03/2025 | Cory Blaylock, IPCIf you’d told Steve Chirpich a year ago that he would be designing printed circuit boards, he might have been surprised. After deciding to make a career change to follow his passion for technology and PCB layout design, Steve took a leap into the high-tech world of electronics manufacturing.
Dell Technologies Accelerates Telecom Transformation with Comprehensive Program, Expanded Partnerships
02/27/2025 | BUSINESS WIREDell Technologies announces the Open Telecom Transformation Program and new AI solutions to simplify and accelerate network cloud transformation for communications service providers (CSPs).
Elementary, Mr. Watson From Classroom to Career—Bridging the Gap in PCB Design Talent
02/27/2025 | John Watson -- Column: Elementary, Mr. WatsonHas anyone else felt we're doing more with less in our industry and we constantly need more and better talent? Although we are in the middle of what I consider the golden age of the PCB industry in terms of innovation, we still don’t have the necessary talent to fill positions. We need to take a serious look at our industry, figure out how we found ourselves in this position, and what we can do to turn the situation around.