In 2022, businesses are under increasing pressure to disclose critical sustainability information to obtain vital corporate social responsibility (CSR) and environmental, social and governance (ESG) investments, improve their brand image in the eyes of consumers, and confirm the results of their sustainability practices to industry regulators. These pressures are felt across beauty, personal care and household care marketplaces.

Why Companies Should Consider Partnering with Ecovadis Certified Suppliers

Partnering with an EcoVadis certified supplier is one way to enhance a brand’s sustainability practices and cover all of the CSR bases.
 
Since its founding in 2007, EcoVadis has grown to become a trusted provider of business sustainability ratings, creating a global network of more than 90,000 rated companies.
 
Tens of thousands of companies partner with EcoVadis to collaborate on sustainability with a common platform, universal scorecard, benchmarks and performance improvement tools.
 
The organization envisions “a global marketplace where sustainability intelligence influences every business decision—improving economies, people’s lives and the planet we all depend on.”
 
The rating structure is based on four levels:

• Platinum (top 1%)
• Gold (top 5%)
• Silver (top 25%)
• Bronze (top 50%)

What is the EcoVadis CSR score?

The EcoVadis sustainability assessment methodology is at the heart of EcoVadis’ Ratings and Scorecards and is an evaluation of how well a company has integrated the principles of Sustainability/CSR into its business and management system. It is based on seven founding principles:
 

• Assessment by International Experts
• Tailored to Industry Sector, Country and Company Size
• Source Diversification to Ensure Rich Stakeholder Input for Reliable Scoring
• Utilize Technology to Ensure a Secure and Confidential Process and Accelerated Cycle Time
• Traceability and Transparency of Documentation
• Evidence-Based
• Excellence Through Continuous Improvement

 
Furthermore, the methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact and the ISO 26000, covering 200+ spend categories and 160+ countries. The Sustainability Scorecard illustrates performance across 21 indicators in four themes:
 

1. Environment
2. Labor and Human Rights
3. Ethics
4. Sustainable Procurement

 
Based on this vigorous methodology, a brand that works with an EcoVadis-certified supplier, is assured that its manufacturing process has been reviewed and meets the highest standards of sustainability. Companies must go through the rigorous process every year to maintain their ranking or enhance their standing.
 
By partnering with Ecovadis certified suppliers, brands can strengthen the social, environmental and economic performance of their supply chain, reducing their collective footprints and strengthening their companies as well. EcoVadis’ standards also help companies map their supplier performance to their own responsibility standards and thereby present a compelling sustainability story to consumers.