Organizations are increasingly turning their focus to fighting climate change through sustainable practices. A 2022 report by Deloitte found that 89% of executives agree there is a global climate emergency. Sustainable organizations are also being rewarded financially for their efforts. A Korn Ferry study found that purpose-driven companies post compound annual growth rates of 9.9% compared to an average of 2.4% for S&P 500 companies overall. However, companies are still accused often of greenwashing, or the act of making false or misleading claims about the environmental benefits of a product, service, technology, etc. (Corporate Finance Institute, 2022).
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EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.
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