FRANKFURT, Germany, November 18, 2016 /PRNewswire/ -- Sustainability is measurable: With 40 indicators, as developed by the sustainability initiative Chemie 3 of the chemical-pharmaceutical industry in Germany, the progress of a sustainable development can be measured for the first time in the sector. Chemie 3 is a joint initiative of the German chemical industry association VCI, the Mining, Chemical and Energy Industrial Union (IG BCE) and the German Federation of Chemical Employers' Associations (BAVC). The indicators cover economic, environmental and social criteria, ranging from the competitiveness of the chemical industry on global markets to greenhouse gas emissions and the percentage of young people who are offered permanent employment after an apprenticeship. The alliance partners have agreed on 17 indicators which are solely dedicated to social progress. This gives a pioneering role to chemistry in German industry as a whole - like three years ago when the "Sustainability Guidelines for the Chemical Industry in Germany" were introduced. The understanding that sustainability consists of several dimensions is important to Chemie 3. The initiative advocates an approach where the decisions and actions of the sector are assessed not exclusively under environmental aspects; consideration should also be given to the question whether they lead to more competitiveness, good working conditions and positive contributions to society. At the presentation of the indicators in Berlin, VCI President Kurt Bock underlines:"On our way towards a sustainable development, we want to make the progress of our industry transparent. With this, we live up to our own claim and to a justified demand from the stakeholders to Chemie 3. We also want to use the 40 indicators as drivers. They will show us where the industry is doing well and where improvements are called for."