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.
80% of studies show that stock price performance of companies is positively influenced by good sustainability practices(reference: Oxford/arabesque)
58 percent of companiesset clear social and environmentalstandards for suppliers,up from 43 percent in 2012.source: Ceres Gaining ground
93% of Procurement executives include Sustainable Procurement among their top 4 priorities2013 HEC study
90% of the studies on the cost of capital show that sound sustainability standards lower the cost of capital of companiesreference: Oxford/arabesque
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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 (Click here to see the benefits of the EcoVadis Solution).
....and growing exponentially. As more clients enter the system, suppliers can share ever more easily, multiplying value for everyone
Our procurement clients saved 50% in costs compared to internal supplier CSR programs.
On average our suppliers get X.Y requests per year from clients to fulfill CSR requests. With EcoVadis, that’s just Z.Y clicks.
On average our suppliers get X.Y requests per year from clients to fulfill CSR requests. With EcoVadis, that’s just Z.Y clicks.
The scorecard shows you the CSR performance of each supplier on 21 CSR indicators grouped in 4 themes (Environment, Social, Ethics, and Suppliers) 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 intothe 4 theme scores.For each theme the company evaluated is assigned Strengths (positive elements of the CSR management system) and Weaknesses (elements that need to be improved).
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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.Click here to know more.
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. Click here to know more.
