Solution: EcoVadis

What is EcoVadis

Through its global cloud-based EcoVadis SaaS (Software as a Service) platform, EcoVadis provides companies with holistic sustainability and Corporate Social Responsibility (CSR) rating services. These services cover a wide range of non-financial management systems, including environmental, labor and human rights, ethics and sustainable procurement processes. Each company is rated on the required topics specific to their company’s size, location and industry.

EcoVadis’ evidence-based assessments are translated into easy-to-read scorecards. Companies are then awarded points ranging from 0 to 100 and medals (bronze, silver, gold). With these scorecards, companies rated by EcoVadis can focus more on their sustainability efforts. Thanks to these cards, corrective action plans can be developed to improve their sustainability performance. In this context, we can also say that EcoVadis rating services provide guidance for companies to develop their strengths for their corporate social responsibility efforts.
This is because, with EcoVadis’ ratings, companies have the opportunity to make a comparison with companies in their sector and other areas. The rated companies are thus in a tight competition with each other to achieve the best practices in corporate social responsibility in all industries. EcoVadis, through its rating service and other services, allows large organizations to directly or
indirectly:

• Invite trading partners for rating
• To manage the performance of trading partners,
• Ensure continuous improvement to help companies to achieve this. For this, it offers companies a sustainability management platform.