EcoVadis (rating)

EcoVadis is a globally recognized sustainability assessment platform that provides businesses with comprehensive ratings on their environmental, social, and governance (ESG) performance. The platform evaluates how well companies integrate sustainability principles into their management systems and operations, helping organizations to improve their sustainability practices and build more responsible supply chains.

Key features of the EcoVadis rating system include:

• Comprehensive Assessment: Covering over 220 industry sectors and 180+ countries, the EcoVadis rating system assesses companies based on 21 sustainability criteria across four key areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
• International Standards Alignment: The methodology is based on globally recognized sustainability standards, including the Global Reporting Initiative (GRI), the United Nations Global Compact, and ISO 26000.
• Sustainability Scorecard: Companies receive a detailed scorecard that outlines their performance across the 21 criteria, along with actionable insights to improve their sustainability practices.

EcoVadis ratings are used by businesses to improve transparency, manage risks, and promote responsible sourcing practices within their supply chains.

Source(s):

• EcoVadis. (2022). About EcoVadis.

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