In a significant step towards promoting sustainability and transparency in the cosmetics industry, Nikko Chemicals has proudly announced its membership in the "Action for Sustainable Derivatives" (ASD). Headquartered in Tokyo, Nikko Chemicals becomes the first Japanese company to join this global initiative, underscoring its commitment to responsible sourcing and supply chain practices.
The ASD platform unites companies across the cosmetics, home and personal care, and oleochemicals sectors to collectively address challenges within the palm oil and palm kernel oil derivatives supply chain. Nikko Chemicals' involvement in this initiative aligns with its dedication to the United Nations' Sustainable Development Goals (SDGs).
As a member of ASD, Nikko Chemicals is poised to achieve several key objectives that will reinforce the transparency and sustainability of its palm oil derivatives and palm oil-derived products supply chain. These objectives include:
- Enhanced Transparency: Nikko Chemicals aims to provide comprehensive visibility into its palm oil derivatives and palm oil-derived products supply chain. This commitment reflects the company's dedication to transparency, allowing regional and global customers to make informed choices.
- Strategic Supplier Selection: The company's Purchasing Headquarters will focus on ensuring the reliability and integrity of its suppliers. Through sound selection practices, Nikko Chemicals aims to contribute to a responsible and ethical supply chain within the cosmetics industry.
- Comprehensive Risk Management: Nikko Chemicals is committed to implementing robust risk management practices in its operations. Leveraging the information obtained from ASD, the company will adopt a proactive approach to identify and address potential challenges within the complex palm derivatives sector.
Mr. Hideyuki Nakahara, CEO of Nikko Chemicals, expressed enthusiasm about the company's role as a trailblazer in sustainable practices within the Japanese cosmetics industry. "By joining ASD, we are taking a significant step towards transforming the palm derivatives sector. Our commitment to transparency and responsible sourcing aligns with our mission to deliver high-quality products while contributing to global sustainability efforts," said Mr. Nakahara.
Nikko Chemicals' membership in ASD signals a pivotal moment in the cosmetics industry, highlighting the company's dedication to driving positive change and fostering a more sustainable future. As the first Japanese company to join this global initiative, Nikko Chemicals sets a precedent for others to follow in the pursuit of responsible and transparent supply chain practices.