Global Standard in Sustainability: EcoVadis
In today's business world, environmental, social and governance (ESG) criteria are emerging as a critical evaluation element for both consumers and business partners, and it is becoming increasingly important to measure sustainability performance in a transparent and reliable manner. For companies wishing to participate in global supply chains, disclosure of sustainability performance is a key advantage in expanding market access and meeting investor expectations.
EcoVadis is one of the world's most widely used sustainability rating platforms, using an objective and standardised approach to assess the sustainability performance of companies. It not only enables companies to assess their current sustainability performance, but also to strengthen their ESG strategies by identifying areas for improvement. Thanks to EcoVadis, companies gain a decisive advantage in harmonising their sustainability practices with international standards, while at the same time creating transparent and sustainable business models throughout the supply chain.
EcoVadis Scope
The EcoVadis rating system measures the sustainability performance of companies against 21 sustainability criteria under four main headings:
Environment (energy use and greenhouse gases, water, biodiversity, air pollution, materials, chemicals and waste, product use, end of life, customer health and safety, environmental services and advocacy)
Employees and human rights (employee health and safety, working conditions, social dialogue, career management and training, diversity, equality and inclusion, child labour, forced labour, human trafficking, human rights of external stakeholders)
Ethics (corruption, anti-competitive practices, responsible information management)
Sustainable procurement (environmental practices for suppliers, social practices for suppliers)
The EcoVadis scoring system allows cross-industry comparisons by rating companies' performance in these areas at Bronze, Silver, Gold and Platinum levels.
Why is EcoVadis Score Important for Companies?
Today, many international companies take sustainability performance into account when selecting business partners and suppliers. Companies with high EcoVadis scores enjoy the following benefits:
Participation in international supply chains: Global brands prefer to work with suppliers with high ESG scores.
Competitive advantage: Companies with strong sustainability performance stand out from their competitors in tenders and partnerships.
Investor confidence: Companies that report on ESG performance have an advantage in accessing sustainable finance.
Brand reputation: Transparent and sustainable business practices build trust with consumers and business partners.
Greenlife Consulting offers comprehensive Consulting services to help your company successfully complete the EcoVadis assessment process and achieve a high score. We are at your side with our expert support at every stage of the process.
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