Sustainability Performance: Things Going Down (In a Good Way)

Almost everywhere outside Europe, companies in the high-medium risk range are at a 5-year low

Countries with 250+ ratings in 2023

EcoVadis rates companies on their policies, actions and reporting efforts across four core sustainability themes: Environment, Labor & Human Rights, Ethics and Sustainable Procurement. It assigns themes and overall scores ranging from 0 to 100 points, each classified into a performance level.

In 2023, compared to 2019, fewer companies in the rated network outside Europe fell into the Insufficient/Partial performance ranges (scoring below 45 points overall), indicating significant sustainability risks and non-existent or ineffective systems in place to manage them. A tentative, exciting sign of progress.

Better still: While more companies than ever are joining the network, the proportion of first-time-rated companies in those select countries keeps coming down, meaning more companies are undergoing multiple ratings and improvement cycles. And the veterans are flourishing – it’s a global thing.

About the Author

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries.

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