EcoVadis and the World Business Council for Sustainable Development Join Forces to Reduce Scope 3 Emissions

December 1, 2020 EcoVadis ‏‏‎

As a WBCSD Innovator Member, EcoVadis will accelerate collaboration and engagement on carbon emissions measurement, reporting and reduction across the value chain

GENEVA, PARIS and NEW YORK, 1 December 2020 EcoVadis, the world’s most trusted provider of business sustainability ratings, today joined over 200 forward-thinking companies as the newest Innovator Member of the World Business Council for Sustainable Development (WBCSD).   

EcoVadis will participate in WBCSD’s SOS 1.5 project, a climate action roadmap designed to help companies reach net-zero carbon emissions before 2050. This announcement follows EcoVadis’ Climate Week NYC event where it launched a first-of-its-kind Carbon Action Module, a new solution built to tackle Scope 3 emissions at the heart of the problem: the supply chain.

“All companies have a responsibility to protect the communities they serve and achieve net-zero emissions to get within reach of the 1.5°C target for a climate-safe world. To do so, we need a robust and clear approach to measurement and reporting that is adaptable across business sectors and sizes, and, most importantly, actionable,” said Peter Bakker, WBCSD President and CEO. “We are pleased to welcome EcoVadis as our newest Innovator Member. Their supply chain expertise, breadth of sustainability intelligence and collaborative performance improvement tools will help our society reach the goals outlined by the SOS 1.5 project.”

A recent EcoVadis analysis of 40,000 global organizations revealed a massive shortfall in supplier carbon reporting and action. Current methods make it difficult to benchmark performance, track progress over time, or identify which actions led to improvements – making it clear that change is needed.

“Global supply chains need standardized and effective guidance on reducing value chain emissions,” said Pierre-Francois Thaler, co-CEO of EcoVadis. “As a WBCSD member, we will work hand-in-hand with a network of innovative, global businesses, to collaborate and knowledge share, establishing best practices for tackling Scope 3 emissions and ensuring our solutions make this possible on a global scale.”

To learn more about the WBCSD’s SOS 1.5 campaign, please visit here, and to learn more about the supply chain’s pivotal role in reducing Scope 3 emissions and driving climate action, please visit here.

About EcoVadis

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 200 purchasing categories and 160 countries. Industry leaders such as Johnson & Johnson, Verizon, L’Oréal, Subway, Nestlé, Salesforce, Michelin and BASF are among the more than 65,000 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.

About WBCSD 

WBCSD is a global, CEO-led organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. We help make our member companies more successful and sustainable by focusing on the maximum positive impact for shareholders, the environment and societies. 

Our member companies come from all business sectors and all major economies, representing a combined revenue of more than USD $8.5 trillion and 19 million employees. Our global network of almost 70 national business councils gives our members unparalleled reach across the globe. Since 1995, WBCSD has been uniquely positioned to work with member companies along and across value chains to deliver impactful business solutions to the most challenging sustainability issues. 

Together, we are the leading voice of business for sustainability: united by our vision of a world where more than 9 billion people are all living well and within the boundaries of our planet, by 2050. www.wbcsd.org     

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EcoVadis Press Inquiries:

US: Corporate Ink
617-969-9192, ecovadis@corporateink.com

UK/EU: David McClintock
+33 6 03 77 84 74, dmcclintock@ecovadis.com

WBCSD Press Inquiries:

Nicolas Jammes

Director, Communications

jammes@wbcsd.org 

 

 

About the Author

EcoVadis ‏‏‎

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 200+ purchasing categories and 160+ countries.

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