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Taulia adds ESG to its SCF program

With the drive for sustainability in supply chains continuing, working capital management solutions provider Taulia ( and German adhesives and consumer goods giant Henkel have successfully integrated Taulia’s Environmental, Social and Governance (ESG) component into its 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.

“This project marks an important milestone in establishing transparency around sustainability in supply chains, Says Cedric Bru, CEO, Taulia.  “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.”

“Henkel considers itself a pioneer in the field of sustainability which is an essential part of our strategic agenda for purposeful growth,” adds Marco Swoboda, CFO, Henkel.  “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.”

Supported by Taulia’s tech solution to allow scale, the Program benefits from Taulia’s multi-funder model that enables businesses to access an ecosystem of financial institutions, including UniCredit and ING.

“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,” comments Inés Lüdke, Head of Working Capital Sales Germany, UniCredit.

“At ING, we believe that sustainable business is better business.  That’s 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,” says Adriaan Bellaart, Global Lead of Supply Chain Finance, ING Bank.”

“Already today, we are using ESG ratings in selecting our suppliers,” explains Ulrich Borgstädt, Head of Group Treasury, Henkel.  “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.”

The integration of ESG ratings into the Taulia solutions will allow many more companies to realize their ESG goals, while maintaining the welfare of their supply chain.

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