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 positive impact, improvement and progress.
Industry leaders are not just saving cost, they are integrating suppliers into the innovation process for new solutions, categories and revenue opportunities. A solid sustainability program can reveal best practices and help identify 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 supply chain 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 data collection: Some receive 25+ surveys from customers every year. They want one assessment, relevant to their business (& 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 CSR rating methodology has been honed over 10 years of R&D and adapted to 190 categories & 150 countries. This powers a team of 150+ expert CSR analysts to produce reliable ratings to guide decisions and drive performance.
....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
2 companies out of 3 improve their score upon re-evaluation
Supplier response rates as high as 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/3rd parties - their performance across 21 CSR indicators in 4 themes: Environment, Labor/Social, Fair business/Ethics, and Supply Chain.Download a sample
Compare suppliers performance per theme by purchasing category or country.
Details and insights into the 4 Rating 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 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.