CSR-related risks span a wide range of issues (environment, labor, ethics) and can be difficult to identify. A consistent, scalable CSR program can minimize exposure to brand damage, supply disruption, fines, recall & litigation costs, and can Improve TCO.
Expectations are rising. Regulators, customers, investors, employees, NGOs - all Stakeholders want to see not only transparency on CSR/ESG issues, but improvement and progress.
Industry leaders are not just saving cost, they are integrating suppliers into the innovation process for new solutions, categories & revenue opportunities. A solid sustainability program can reveal best practices and help identify the best- performing suppliers to invest in working with.
Over 85% of companies had at least 1 supply disruption 50% had 2 or more
source: Zurich/St. Johns survey of 800 co's
Sustainable supply chain practices result in an increase in brand equity source: World Economic Forum: "Beyond Supply Chains"
90% of the studies on the cost of capital show that sound sustainability standards lower the cost of capital of companies
Sustainable supply chain practices can reduce costs linked to supply chain by 9-16%
source: World Economic Forum: "Beyond Supply Chains"
Whether you need to monitor the CSR performance of 100 or 10,000 of your suppliers, EcoVadis SP ensures that reliable information can be easily deployed to your procurement teams, and smoothly integrated in your procurement processes.
Offered as a “Software as a Service” model, the EcoVadis collaborative platform allows you to access simple and reliable sustainability scorecards, supported by optional products and support services. EcoVadis ratings help businesses reduce risks, as well as drive performance and eco-innovation in their supply chain.
....and growing fast. As more buyers and suppliers enter the system, share ever more easily, multiplying value for everyone
Our procurement clients saved 80% in costs compared to internal supplier CSR programs
More than 2 companies out of 3 improve their score upon re-evaluation
Supplier response rates as high as 90% (especially in our vertical initiatives)
The scorecard shows you the CSR performance of each supplier on 21 CSR indicators grouped in 4 themes (Environment, Labor/Social, Fair business/Ethics, and Supply Chain) rated from 1 to 100.
The Benchmark tool allows you to compare one supplier to others within the same purchasing category or within the same country.
This section provides more details and insights into the 4 theme scores. For each theme the company evaluated is assigned Strengths (positive elements of the CSR management system) and Improvement Areas (elements that need to be improved).
This collaborative tool helps with developing Action Plans, a starting point for an effective dialogue between buyers and suppliers on actions taken by the supplier to improve their CSR performance.
A Category Profile offers practical insight into the key sustainability issues which are applicable to the supplier industry of operation. It gives you an overview of major regulations, sector initiatives, and eco-labels.