Sustainability-related risks span a wide range of issues (environment, labor & human rights and ethics) and can be difficult to identify. A consistent, scalable sustainable procurement program can minimize exposure to brand damage, supply disruption, fines, recall & litigation costs, and can improve TCO.
Expectations are rising. All stakeholders - regulators, customers, investors, employees, NGOs - want transparency on CSR/ESG issues, as well as 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 the best performing suppliers to invest in working with.
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 procurement practices can reduce costs linked to supply chain by 9-16%.
Source: World Economic Forum: "Beyond Supply Chains"
Suppliers & third parties are understandably frustrated by self-assessments and questionnaires: Some receive 25+ questionnaires from customers every year. They want one assessment, relevant to their business (and in their language), with clear results and feedback, that they can share everywhere.
Buyers and Risk/EHS/CSR/compliance managers need actionable indicators, not a pile of spreadsheet data. The EcoVadis sustainability rating methodology has been honed over 10 years of R&D and adapted to 198 categories & 155 countries. This powers a team of sustainability experts to produce reliable ratings to guide decisions and drive performance.
...and increasing rapidly. Our industry collaborations include TfS, Railsponsible and E-Tasc.
Our procurement clients saved 80% in costs compared to internal supplier CSR programs
2 companies out of 3 improve their scorecard performance upon second evaluation
Supplier response rates of up to 90% (especially in our vertical initiatives)
Dashboards to monitor performance of your portfolio by buyer, category, or custom filters. Request assessments, create reports, export data, and engage your team in your risk and performance goals and initiatives.
Shows you - and your suppliers/trading partners - their performance across 21 sustainability indicators in 4 themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.Download a sample
Compare suppliers performance per theme by purchasing category or country.
Details and insights into the 4 themes: Strengths (where are they doing well?) and Improvement Areas (what are the priorities 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 sustainability & 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.