In the context of the "dual carbon era", sustainable development has increasingly become a key link in corporate growth strategies. More and more enterprises are applying for EcoVadis certification at the request of customers. PTTS Ruichi Technology Co., Ltd. (hereinafter referred to as "PTTS") briefly summarizes the following content to facilitate enterprises to better understand EcoVadis certification and its evaluation standards, and achieve better results.
EcoVadis certification comes from France and is a system platform built based on the application of cloud SaaS data platforms to various international supply chain management organizations. Covering all corporate social responsibility corporate governance projects except for quality. Ecovadis is a non-financial corporate social responsibility management system that covers a wide range of enterprises. Conduct a comprehensive evaluation based on the different scales and industry affiliations of the enterprise, and submit materials online. Its certification is valid for 12 months and is re evaluated annually.Ecovadis certification evaluation standards and grading
The evaluation criteria are based on standards such as the Global Reporting Initiative, the United Nations Compact, and ISO 2600, supervised by the International Scientific Committee and include 21 sustainable development standards under the four major themes of environment, labor and human rights, business ethics, and sustainable procurement. Each theme consists of three levels: policy, action, and outcome, with scores of 25%, 35%, and 40%. Each management indicator has a score of 0-100, and is rated by EcoVadis analysts based on the company's social responsibility performance.
The scorecard standards issued from January 1, 2023 are as follows:
Platinum - Top 1% (total score between 78 and 100)
Gold Medal - Top 5% (total score between 70 and 77)
Silver - Top 25% (total score between 59 and 69)
Bronze medal - top 50% (total score between 50 and 58)
The scorecard standards released within 2022 are as follows:
Platinum - Top 1% (total score between 75 and 100)
Gold Medal - Top 5% (total score between 67 and 74)
Silver - Top 25% (total score between 56 and 66)
Bronze medal - top 50% (total score between 47 and 55)
To obtain a medal when the scorecard is released, in addition to meeting the above conditions, the following requirements must also be met:
1. The evaluated company cannot operate in the following industries: tobacco industry, coal or coal based energy, production of weapons and ammunition, and controversial weapons;
2. The total number of major negative 360 ° observations included in the three themes of the scorecard does not exceed three, and/or there are no significant negative 360 ° observations in any of the themes:
3. 360 ° observation results on environmental, labor and human rights, or sustainable procurement themes published within the past three years;
4. 360 ° observation results on business ethics themes released within the past 5 years.
*If the total score is less than 50 points, or if there is a theme score in the environment, labor, human rights, and/or business ethics that is less than 30 points, and/or if the score in the special procurement is less than 25 points, no medal will be awarded.
Additionally, percentage ranking is calculated by all industries and companies, rather than by industry.
Improving performance and expanding impact on the supply chain are reliable ways to practice sustainable development. Certification can reduce the risk coefficient in the supply chain of enterprises and help them improve performance.
Reduce costs and save time. Through this certification, the rating results can be shared with global trading partners as a reference, and compared to the DIY scheme, enterprises can save costs.
Strengthening the brand and promoting innovation through reliable ratings and global standards can enhance the transparency of corporate social responsibility practices, develop sustainable new products, and explore income generating opportunities.
