What is EcoVadis?

Posted by: Nila | 05 Sep, 2023

Founded in 2007 EcoVadis is now one of the world’s largest providers of business sustainability ratings, creating a global network of more than 115,000+ rated companies. We are proud to be awarded EcoVadis' Platinum rating, placing Down Under Enterprises in the top 1% of the most sustainable companies in the world.

EcoVadis Scorecard-1
What is EcoVadis 

Since its inception, EcoVadis has been at the forefront of providing business sustainability ratings on a global scale. With surging demand for independent, third party Sustainability ratings, EcoVadis has grown 40% year-on-year on average for the last 5 years. With a powerful technology platform and dedicated experts in the field, EcoVadis sustainability scorecards offer easy-to-understand insights into environmental, social, and ethical risks across 200 purchasing categories and 160 countries, covering most commercial sectors, including manufacturing, retail, automotive, and technology.

The primary purpose of EcoVadis is to help businesses make informed decisions about their suppliers and partners by providing them with a comprehensive understanding of a company's sustainability practices. This information is valuable for risk management, supply chain optimization, and sustainability improvement efforts. 

By linking sustainability performance to B2B relationships such as procurement or finance, EcoVadis ensures that sustainability becomes an integral part of business operations. A large part of EcoVadis-rated companies are private companies which comprise the supply chains of larger companies. 

Era of Mandatory Supply Chain Reporting is Here

With supply chain due diligence being mandated by companies operating in EU and Australia, solutions like EcoVadis are becoming mandatory for multinationals to attain a baseline assessment of (potential) suppliers. Companies like Shishedo, Unilever, Nestle, Mars, and many more have turned to Ecovadis for their expertise. 

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