Supplier Engagement And Schneider Electric’s Sustainability Journey

November 6, 2023 EcoVadis EN

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. As corporations announce plans to be Net Zero across their end-to-end supply chain at some point in the future – often 2050 – they then need their suppliers to participate in helping them meet their goals. Corporations are kicking off these initiatives both because their customers expect it and because of increasing regulatory pressure. Increasingly, companies will take sustainability criteria into account in their purchasing decisions.

Large corporations often have thousands, sometimes tens of thousands, of direct material suppliers. Getting suppliers to participate is a gargantuan task. Increasingly, EcoVadis is becoming known as the go to organization to help corporations accelerate this journey to collect upstream supplier environmental, social, and governance data. 

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About the Author

EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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