ECOVADIS: A BENCHMARK FOR SUSTAINABILITY
Ecovadis is a leading provider of sustainability ratings. It assesses companies on a set of criteria based on the four different perspectives Environment, Labor & Human Rights, Ethics, and Sustainable Procurement across industries and regions. These are tailored into criteria according to the company’s size and industry, ensuring a fair evaluation.
The assessment approach involves a holistic view such as collecting and analyzing information from company documents, policies, public data, and additional information sources.Based on the assembled information Ecovadis assigns a score ranging from 0 to 100. 0 represents the lowest level of sustainability efforts and 100 marks outstanding sustainability practices.The allotted scores are used to rank the companies and provide the outstanding ones with a medal rating, ranging from bronze to silver to gold to platinum awarded only to the top 35% of all companies assessed by Ecovadis.
The received evaluations provide companies with valuable insights into their performance compared to global standards and peers from their own industry. The ratings also help recognize potential for improvement and benchmark their performance against industry peers.