Evocadis Rating

  • Minimise the environmental impact of business.
  • Help the business comply with legal requirements.
  • Enhanced image with public, regulators and stakeholders.
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What is Ecovadis?

EcoVadis, originating from France, is an assessment platform specifically designed for international supply chain management. EcoVadis integrates all organizational governance aspects of business operations except quality, conducting comprehensive assessments through online submission of materials based on company size and industry characteristics.

The assessment system primarily focuses on five aspects: overall company organization, environment, labor and human rights, business integrity, and sustainable procurement. EcoVadis aims to leverage the influence of global supply chains to improve corporate environmental and social performance. The platform provides a collaborative space for clients and suppliers, assisting companies in auditing the environmental and social performance of their global suppliers.

The Ecovadis' methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering 220+ spend categories and 180+ countries. The Sustainability Scorecard illustrates performance across 21 indicators in four themes:

Benefit of Ecovadis rating

  • Reputation and Competitiveness :
    EcoVadis ratings boost a company's reputation and market position. High scores enhance stakeholder trust, differentiate the brand in competitive markets, and attract sustainability-conscious customers, leading to increased business opportunities and customer loyalty.
  • Risk Management and Compliance :
    The ratings help companies identify and mitigate risks in their supply chains by evaluating suppliers' sustainability practices. Alignment with international standards like ISO 26000 and GRI ensures regulatory compliance, reducing legal risks associated with sustainability reporting.
  • Performance Improvement :
    EcoVadis scorecards provide detailed insights into a company's sustainability performance across key areas. This feedback enables targeted improvements and allows benchmarking against industry peers, fostering a competitive environment that drives continuous enhancement of sustainability practices.
  • Strategic Business Advantages :
    High EcoVadis ratings can lead to preferred supplier status, opening up new business opportunities. Additionally, these ratings facilitate collaborations with other sustainability-focused businesses, expanding a company's impact and reach within the supply chain ecosystem.

Who is it for?

  • Large Corporations
    -Multinational Companies : Large businesses, especially those operating internationally, often require their suppliers to have an EcoVadis rating to ensure compliance with sustainability standards. This is particularly common in industries like automotive, technology, and manufacturing, where major players demand transparency and accountability from their partners.
  • Suppliers and Vendors
    - Businesses in Supply Chains : Companies that supply goods or services to larger corporations may need an EcoVadis rating to maintain contracts or gain new business. Many large organizations mandate that their suppliers demonstrate a commitment to sustainability through third-party assessments like EcoVadis.
  • Companies in Regulated Industries
    - Sectors with High Sustainability Risks : Industries such as manufacturing, transportation, and construction face significant scrutiny regarding their environmental and social practices. Companies in these sectors are often pressured to improve their sustainability performance and may find an EcoVadis rating essential for risk management and compliance with regulations.
  • Firms Seeking Investment
    - Companies Targeting Sustainable Investors : Organizations looking to attract green investments or partnerships with socially responsible investors can leverage a strong EcoVadis rating as evidence of their commitment to sustainable practices. High ratings can enhance a company's reputation among investors focused on ESG criteria.
  • Businesses Entering International Markets
    - Companies Expanding Globally : For firms aiming to enter European or other international markets, having an EcoVadis rating can facilitate compliance with local sustainability requirements and enhance their standing with potential clients and partners.
Steps

Consultancy Service for Ecovadis Rating

We established 4 different milestones for monitoring purpose and described our activities in consultancy services from zero to the result.
Phase 1

System Review

  • Online registration on Ecovadis Platform
  • Understand the existing operation and documentation.
  • Identify key gap against Ecovadis requirements
Phase 2

Documentation

  • Establish documentation framework.
  • Establish required procedures and forms
Phase 3

ESG Implementation

  • Prepare a session of ESG awareness training
  • Prepare various records required by the documentation.
  • Assist client during implementation via regular advisory visit
Phase 4

Ecovadis Asessment

  • Submission all documents to Ecovadis platform
  • Expert Assessment (around 8 weeks)
  • Ecovadis announce the result on the Client's Dashboard of Ecovadis
What we offer

Features

Saving Time & Money

No hidden cost. Completion within budget and timeframe.

Easy to follow

Straight forward & Simple documentation. Minimum workload is required.

Precise Training

Precise ESG trainings to client for quick glance

Flexible schedule

Arranging meeting schedule up to Client request
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Standard

Frequent Asked Question

EcoVadis evaluates companies based on 21 sustainability criteria grouped into four main themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Each criterion assesses specific aspects of a company's sustainability management system.

The overall score is a weighted average derived from three management layers: Policies (25%), Actions (40%), and Results (35%). This scoring reflects the quality of a company's sustainability strategy and performance at the time of assessment.

EcoVadis scores are valid for 12 months after publication. Companies can use this period to implement improvements before their next assessment.

Many large corporations require their suppliers to have an EcoVadis rating to ensure compliance with sustainability standards. A high rating can enhance a company's reputation, attract investment, and open up new business opportunities.

Yes. You can prepare the documentation after studying Ecovadis requirement and guidelines  and drafting some sets of documentation.

Typically, you can download the EcoVadis logo after the results are announced on the EcoVadis platform.

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