ECRIN Systems notified ECOVADIS

Since its inception in 2007, EcoVadis has become the world's largest and most prestigious provider of sustainability ratings. Currently it partners with more than 130 000 rated companies.

coVadis offers company’s assessment service of CSR (Corporate Social Responsibility) policy.

The EcoVadis assessment covers four main themes:

• Environment: evaluating the company's environmental policies, actions and results.
• Labor and human rights: analyzing the working conditions, respect for human rights and human capital management (HCM)
• Ethics and governance: reviewing the integrity of the company, including the anti-corruption practices and the ethical behavior.
• Sustainable sourcing: reviewing the supply chain management and the sustainable sourcing practices.

EcoVadis provides a form to the company in order to collect information on the four areas or themes mentioned above.

The company has a six-month time frame (which could be extended) to answer the questions and provide the documentation supporting its responses.

Once the assessment is completed, the company receives its scorecard with a rating (from 0 to 100) and the earned medal (platinum, gold, silver or bronze). The scorecard or the assessment sheet points the company strengths and identifies the specific areas needing improvement through an action plan ranking the topics in a priority order.

The sustainable development strategies are increasingly important within the companies.

Governments and large companies are requesting their supply chains to comply with ever more demanding standards with regards to the quality, the sustainability and the safety.

EcoVadis is a platform that highlights the company’s ongoing efforts with respect to the sustainability and the corporate social responsibility with the aim to get more business opportunities and gain new markets. In this sense, a good rating increases the partners and customers confidence and loyalty for the company.

However, this platform aims more than improving the company reputation and positioning, it also offers a higher level of security and a better operational efficiency. It ensures that the organization complies with the rules and regulations related to the sustainable development and helps to identify the areas for improvement.

Lastly, EcoVadis can be an asset in the recruitment strategy of companies looking for attracting the talents.

The current and potentials employees are sensitive and appreciate to work in a company that makes the sustainable development and social responsibility a priority, contributing to enhance the image of the company and preventing the staff turnover.