
Global consultancy Bain & Company has announced a minority investment in sustainability ratings firm EcoVadis, just weeks after private equity heavyweight CVC bought a $200m stake in the company.
Bain & Company did not disclose its stake, or the amount paid, but said it would integrate EcoVadis’ sustainability ratings into its approach to corporate strategy, supply chain and procurement processes, indicating a “growing acknowledgment across the firm that the purpose of business must go beyond the singular focus of maximising shareholder value”.
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EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. Leaders like Johnson & Johnson, L’Oréal, Unilever, Bridgestone, BASF and JPMorgan are among 150,000+ businesses that use EcoVadis ratings, risk, and carbon management tools and e-learning platform to accelerate their journey toward resilience, sustainable growth and positive impact worldwide.
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