In February 2024, we partnered with EcoVadis, a global, market-leading provider of business sustainability ratings, to support the implementation of a more responsible approach to procurement and supplier compliance.
We use EcoVadis’ platform to obtain ratings on existing and potential third-party suppliers of goods and services which will ensure that we are partnering with companies that are consistent with our responsible business strategy. Ecovadis’ methodology adheres to various global sustainability standards including the Global Reporting Initiative. Its sustainability scorecard evaluates 21 indicators across four key areas:
- environmental impact;
- employment and human rights;
- ethical practices; and
- sustainable procurement processes
resulting in a comprehensive assessment of sustainability performance.
By collaborating with EcoVadis and utilising its scorecard methodology, we are not only highlighting our own commitment to sustainability but also engaging strategically with those companies that are best aligned with our responsible business principles.
In addition to the core EcoVadis ratings tools, we will also be utilising the EcoVadis IQ+ and Carbon Action Manager platforms. IQ+ provides a risk classification of the entire supply base with actions recommended to help meet compliance requirements. Carbon Action Manager will help us to accelerate Scope 3 decarbonisation in line with our SBTi target and address supply chain disclosure requirements by engaging a wider range of suppliers.
