A key distinguishing element of the EcoVadis sustainability monitoring platform is the integration of external inputs to augment company-provided documentation and data sources. Laws and regulations such as FCPA in the U.S., Sapin II in France and the U.K. Bribery Act have made companies even more liable for knowing about sustainability infractions, yet for many companies, the information is difficult to uncover, anticipate, and manage on their own.
The 360° Watch feature, and corresponding Management Indicator in the EcoVadis Rating Methodology, serves to collect, classify and selectively apply stakeholder inputs into the EcoVadis rating process. This process combines artificial intelligence with human analysis to identify the most relevant stories within the past five years, both positive and negative, collected from over 100,000 public sources. This is augmented by data from the Global Regulatory Information Database (GRIDTM) through a partnership with Regulatory Datacorp.
360° Watch Findings are the output of this process, where the analyzed results are integrated as part of the EcoVadis Rating, and are displayed in the EcoVadis Scorecard.
360° Watch provides essential intelligence and monitoring both for the assessed company, and their trading partners with whom they share their scorecards on the EcoVadis network.