What is EcoVadis?
Q1: What is EcoVadis? EcoVadis operates an evidence-based online platform, providing supplier sustainability ratings and allowing companies to assess the ESG performance of their global suppliers.28-Oct-2020
The objective of the EcoVadis methodology is to measure the quality of a company's sustainability management system through its policies, actions and results. The assessment focuses on 21 sustainability criteria that are grouped into four themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement.29-Sept-2022
What is an EcoVadis certificate?
The EcoVadis Rating covers a broad range of non-financial management systems including Environmental, Labor & Human Rights, Ethics and Sustainable Procurement impacts. Each company is rated on the material issues as they pertain to their company's size, location and industry.
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What companies use EcoVadis?
Industry leaders such as Johnson & Johnson, L'Oréal, Nestlé, Schneider Electric, Michelin and BASF are among the more than 55,000 businesses on the EcoVadis network, all working with a single methodology to evaluate, collaborate and improve sustainability performance in order to protect their brands, foster
Benefits for the rated companies: - Compare your company's sustainability performance against industry benchmarks; - Share your company's sustainability performance with multiple trading partners through the EcoVadis platform and instantly update your network of any corrective actions and reassessments.27-Sept-2022
How does EcoVadis scoring work?
The EcoVadis overall score (0-100) reflects the quality of the company's sustainability management system at the time of the assessment. The EcoVadis sustainability recognition levels are based upon the percentile rank of your company's EcoVadis score, and a minimum theme score*.
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Is EcoVadis a certification?
Our ongoing commitment to the environment, labor and human rights, ethics and sustainable procurement has resulted in a Silver Sustainability Certification for 2021 from the prestigious EcoVadis ratings agency, up from Bronze in 2020.
The EcoVadis Certification process is a 5-step journey that starts with registration and ends with recognition.How to get certified?
How many companies use EcoVadis?
EcoVadis Ratings are evidence-based and adapted to more than 200 industry categories, 175 countries and companies of all sizes.
After submitting the questionnaire and supporting documentation, our sustainability analysts will assess your answers and supporting documents. The expert analysis stage can take six to eight (6-8) weeks, depending on the complexity of your company's submission and the number of documents submitted.
Who owns EcoVadis?
Pierre-François Thaler
How to read my company's scorecard?
Where is EcoVadis located?
Paris, France
Forrester noted, “Our evaluation found that EcoVadis offers strong ESG data on private companies and improvement programs. EcoVadis has ESG data on nearly 100,000 companies — most of them not publicly owned (a truly unique asset). Its corrective action plans to improve supplier companies' ESG are best-in-class.”30-Aug-2022
What does ESG stand for?
Environmental, Social, and Governance
Sustainability reporting helps make organizations' decision-making processes more efficient and, in turn, enables them to reduce risk across their supply chain. This process reduces waste, yielding significant cost savings.
Is EcoVadis annual?
To align with global best practice, EcoVadis sustainability scorecards are valid for twelve (12) months after the publication date.28-Sept-2022
Sustainability reporting is the disclosure and communication of environmental, social, and governance (ESG) goals—as well as a company's progress towards them.
Is EcoVadis global?
Since its founding in 2007, EcoVadis has grown to become the world's largest and most trusted provider of business sustainability ratings, creating a global network of more than 100,000+ rated companies.
What is EcoVadis?