Leading provider of business sustainability ratings expands suite of digital tools for vendor risk mapping, audit management and supplier CSR assessments
PARIS and NEW YORK — (March 26, 2019) — EcoVadis, the world’s most trusted provider of business sustainability ratings, today announced its new Sustainability Intelligence Suite, an expanded toolkit that builds on EcoVadis’ expertise in business sustainability ratings to include predictive risk mapping, performance signals and audit management.
“Sustainability is increasingly a critical lever for driving business value and a lens through which a company looks at risk,” said Pierre-Francois Thaler, co-founder and co-CEO of EcoVadis. “As such, procurement and supply chain teams need a way to quickly evaluate and address supplier risk across all CSR concerns, and across their entire supply base. We’ve expanded our product suite with this need in mind. In addition to our core supplier ratings platform, teams now get holistic coverage for their supplier community in a central place, including broad visibility with risk mapping and on-site audit data management for those partners requiring high engagement. The complete solution allows companies to drive real performance improvements and ignite change.”
With EcoVadis’ new product suite, customers will gain access to the following tools that together create an end-to-end solution for risk mapping, supplier performance assessments and on-site engagements:
- EcoVadis IQ, a new vendor risk mapping tool that will be available later this year, leverages the EcoVadis database of ratings, and uses smart automation and analytics to continuously screen the supply chain and map a company’s supplier risk landscape across all key sustainability criteria. Procurement, risk and compliance teams can use these insights, which are based on a large volume of suppliers, to understand where their biggest risks lie, inform strategy, and optimize CSR assessments and performance improvements.
- EcoVadis’ core offering, EcoVadis Ratings, provides deep sustainability and CSR assessments on selected suppliers. The leading methodology, which measures seven management indicators and covers 21 criteria across four themes of environment, fair labor and human rights, ethics and sustainable procurement, produces easy-to-use supplier sustainability scorecards that procurement and supply chain teams can use to get comprehensive benchmarks and corrective action plans that drive higher levels of sustainability performance.
- EcoVadis’ new on-site audit management platform, EcoVadis Spotlight digitizes the audit process from coordinating and scheduling to data capture, with standard templates for major audit providers and corrective action plan management. The tool equips teams to easily run comprehensive reports, share performance data and directly manage improvements with suppliers within the platform.
To learn more about the new EcoVadis Business Sustainability Intelligence Suite, please visit: https://www2.ecovadis.com/sustainability-intelligence-suite
EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 198 purchasing categories and 155 countries. Industry leaders such as Johnson & Johnson, Verizon, L’Oréal, Subway, Nestlé, Salesforce, Michelin and BASF are among the more than 55,000 businesses on the EcoVadis network, all working with a single methodology to evaluate, collaborate and improve sustainability performance in order to protect their brands, foster transparency and innovation, and accelerate growth. Learn more on ecovadis.com, Twitter or LinkedIn.
US: Kate Bachman, Corporate Ink for EcoVadis
UK/EU: David McClintock
+33 6 03 77 84 74, firstname.lastname@example.org
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