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Spend Matters Technology Review of EcoVadis

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TECH REVIEW | © Spend Matters. All rights reserved. 13 of 13 TECHNOLOGY REVIEW ABOUT SPEND MATTERS Spend Matters is the world's best and largest information source for procurement and supply chain professionals, enabling CPOs, consultants and technology solution providers to make smart decisions regarding all things procurement. Spend Matters is a genuinely independent, neutral source for the latest analysis and insight into the procurement industry through unbiased reviews, research briefings and editorial content. We provide: • Best practice advice on processes and technology • Insightful and in-depth procurement technology reviews and analysis • Concrete and actionable recommendations for the procurement professional • Definitive and honest expert opinions – not just facts or thinly veiled advertising material • Deep, curated content aligned to your information needs to efficiently keep up with the industry • Visit us at Summary We have no question that given the growing focus on both supply risk and corporate social responsibility (CSR) — inside not only large multinationals but also many middle market firms — that the intersection of the two areas will increasingly intersect and be seen as critical to focus on by global procurement and supply chain organizations. To this end, we are hopeful that Ecovadis' sector intiatives, where companies share pools of supplier assessments, take off and not only ease supplier RFX burdens but increase the availability of audited, reliable data. Overall, Ecovadis has tremendous opportunity and so many areas within which it could expand or grow into. It is the best fit of any provider in any sector (including software, data, market intelligence, outsourcing, consultancy and other firms) we can recommend and think of for procurement and supply chain organizations to partner with and learn from as they begin or expand their overall supplier and supply chain CSR journey. USER REQUIREMENT CHECKLIST • 2-4 CHECKS (possible shortlist candidate) • 5+ CHECKS (ideal shortlist candidate) CSR within the supply chain is a prioritized issue for procurement An organization requires a turnkey solution to the CSR challenge Supply risk analysis encompasses CSR-related information as part of reporting A cloud-based model with supplier self-registration and management is desired Deep expertise and potential guidance on program design and operation desired Objective ratings with validated evidence as a component of reporting is seen as a positive A proven provider with experience working with large global companies is desired Procurement wants to create a competitive environment among suppliers Broad geographic coverage is desired Ability to rate private SME size suppliers (as well as large) suppliers is desired

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