Ecovadis is a leading Sustainability Intelligence Platform for Global Supply Chains. The Platform helps organizations manage their ESG Risk and Compliance, meet Corporate Sustainability Goals, and drive impact across the entire value chain.
With over 2.8+ million companies screened, 150,000+ Rated Companies, coverage across 185+ countries, and over 250+ industries served, Ecovadis has now become the most trusted and preferred Sustainability Ratings Platform Globally.
Building successful sustainability programs across global value chains is challenging. For companies, requesting information, it’s always difficult to scale, there is limited visibility of partners practices, lack of standardized data and metrics, lack of reliable validated documentation, and always the difficulty of keeping partners engaged.
For Rated companies, there is always the ongoing challenge of duplicating efforts, skill and knowledge gaps, difficulty calculating metrics and sharing data, rapidly changing robust reporting standards, and finally, receive little to no feedback on the submissions.
The Ecovadis Platform has built a Robust Platform to help buyers and suppliers engage via a Centralized Platform to help identify risk and opportunities, assess sustainability practices, monitor and track actions, understand and improve performance, and manage sustainability programs effectively.
Companies must familiarize themselves with the 21 Sustainability Criteria covered in 4 Theme Areas of Ecovadis as follows:
Environment
Ethics
Labor & Human Rights
Sustainable Procurement
Require Ecovadis for all new suppliers as a prerequisite
Incorporate Ecovadis Ratings into RFP Scoring and awarding rules
Include Ecovadis assessments as a Contract Condition
Consider Ecovadis Scores during the ordering Process
Monitor Supplier Sustainability Performance over time
Sustainable Procurement is critical for large organizations and the following considerations can assist with developing a robust Sustainable Procurement program via the Ecovadis Platform:
Once Suppliers have been invited to participate in the Ecovadis Assessments, they need to decide whether they carry out the exercise internally, use external consultants or Data Platform to digitize the entire process.
To maintain good Ecovadis Assessment Standards, Suppliers need to:
Register Online – Create a company profile, specify your business activity, contact information, etc. This information is then used to customize questionnaire.
Answer Questionnaire – Answer the Questionnaire and upload documents (e.g. Certification’s). It is secure, confidential, and multilingual.
Expert Analysis – Ecovadis analysts distill your answers into a Scorecard. This is an independent, questionnaire and document-based management system assessment.
Your Rating – Access your Scorecard results online. Share results, collaborate directly with customers, improve your performance, and broadcast your success.
Each organization will have to take a slightly different approach to their Ecovadis Assessment as the Questionnaires are customized for each company based on their Size, Industry, Countries of operation. Companies need to familiarize themselves with the 21 Sustainability Criteria across the 4 Theme Areas and then decide whether to perform the activity in-house or use Certified Ecovadis Consultants or Technology Partners to carry out this Assessment.
The 4 Theme Areas are as follows:
Criteria’s:
Criteria’s:
Criteria’s:
Criteria’s:
Sustainext provides specialized support in Ecovadis Assessments. Our Team of Accredited Ecovadis professionals can support you throughout the entire process from Registration to Ratings for Suppliers and work on Sustainable Procurement Programs for Buyer organizations.
As official Training and Consulting Partners, Sustainext is well positioned to assist both Buyers and Suppliers either through Gap Assessments, providing guidance on Scorecards and improving Ratings to achieve Medals to demonstrate sophistication with Supply Chain Sustainability. Sustainext simplifies the entire process using a combination of Consulting and Technology that provides clients with a Managed Service that is cost effective, improves efficiencies and accuracies, and reduces turnaround times leading to greater client satisfaction.
Reach out to us to discuss your Ecovadis Needs today.
