EcoVadis

What is EcoVadis

EcoVadis is a global provider of corporate sustainability rating. Using EcoVadis you could track  your whole supply chain or compare against your industry peers. Ecovadis is the world’s largest sustainability ratings provider, with over 100,000 companies rated. They track across 4 main cateogories:

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• environmental impact
• labor and human
• ethics
• procurement practices.

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Why use Ecovadis?

Ecovadis could be used for managing sustainable procurement, EcoVadis can help both buyers and suppliers in the following ways:

• Buyers: It gives buyers a clear and timely way of accurately assessing the sustainability performance of their suppliers, helping them identify opportunities for more sustainable suppliers or drive improvements in existing ones.
• Suppliers: Suppliers can benchmark their performance against competitors and peers, get actionable insights into improving their ESG performance to differentiate their brand and win more business.

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Pros and Cons

Ecovadis is a leading data solution that comes with its pros and cons. We analysed user revies and public data to compile a list of pros and cons.

Pros:

• Well developed platform with a lot of companies and their data aboard.
• has wide scope of all sustainability factors, can help show ESG rating across supply chain partners.
• Offers an API.

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Cons:

• Relies on self-assesment from companies.

• Could be time-consuming to enter all the data required (if supplier).

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