EcoVadis

📣 #CSDDD approved by the EU Parliament! Today’s vote – 11 years to the day since the Rana Plaza disaster – was a decisive step toward a new era of mandatory human rights and environmental due diligence that will level the playing field for companies and build more sustainable and equitable value chains. 🔍 Learn more about CSDDD’s groundbreaking aspects and how your company can start building the foundation for compliance: https://ow.ly/XNWM50RnlM0

Benchmarking costs will no longer be a barrier to driving a living wage across companies’ own operations and their supply chains. WageIndicator makes its estimates for over 2,600 regions across 165 countries freely accessible to all, on time for International Workers’ Day on May 1.👏👏👏 https://ecovad.is/3JAVQeo WageIndicator Foundation provides estimates for both monthly and hourly living wage rates, with detailed breakdowns for the cost of all goods and services needed for a decent life. Low pay and in-work poverty are persistent issues that affect employees in all but few countries. The call for living wages has gained prominence among employers, factors driving this include the need to attract and retain talent and emerging regulations. In a session during this year’s Sustain event, consumer goods company Unilever said living wage creates more resilient value chains. Benefits can include increased worker productivity and reduced turnover. https://ecovad.is/3QkE4j7 Despite the obvious benefits of paying a #LivingWage, businesses are grappling with the challenge of quantifying the gap to be addressed. Those looking for such figures are discovering that payroll data alone will not enable them to calculate a wage that meets the true cost of living in a region or country – they need real-time benchmark data, which WageIndicator is now making publicly available. This move will make it easier for companies to take action and will reflect in the percentage of workers covered by a pay gap analysis. As a purpose-led company, EcoVadis will have a goal for living wage reporters in 2024, to be published in our Purpose Report this year. 💡Want to know more about data and benchmarks' role in living wage initiatives? Read more on our recent blog https://ecovad.is/3W8KfdO or join us for the upcoming webinar. https://ecovad.is/3JzyqFX

We are a proud sponsor at the ISM World Annual Conference – a leading gathering for procurement professionals worldwide - in Las Vegas from April 28 to May 1st. We invite you to join us on Stage B from 1:15 PM to 1:45 PM for a presentation led by Sam Trammel on “Accelerating Sustainable Procurement Excellence: Insights & Fast-Tracking Strategies.” We'll explore actionable strategies and insights drawn from top-performing programs, industry pioneers, and network studies. This session offers a compelling journey towards sustainable procurement excellence, empowering attendees to steer their organizations towards a future defined by resilience and responsible sourcing practices. Our Sustainability Ambassadors, Jamie Mudrick and Erik Gore, will also be on-site and are eager to share valuable insights into how companies are harnessing technology to engage their suppliers and advance their decarbonization initiatives. Whether you stop by our booth in the ESG neighborhood (# P-ESG4), or join our Insights Stage session, we look forward to meeting you there! Register here: https://ecovad.is/3UtMmYt #ISMWorld2024 #SustainableProcurement #EcoVadis

Regulatory pressures are reshaping business strategies, with new mandates like the EU's CSRD focusing on biodiversity impact disclosures. This Earth Day, see how you can use this mandate to uncover opportunities for value creation and resilience on our latest blog. https://ecovad.is/3Wc6CPw

⚖️ The EU’s #CSDDD is here to stay. Although much has been made about the compromises required to get to this point, the directive represents a crucial step toward transforming global value chains into a force for social and environmental good. This article highlights some of its groundbreaking aspects and what they mean for both in-scope companies and those that will have to respond to their trading partners’ requests. It also looks at how EcoVadis can help you take a proactive approach to compliance by enabling you to: 🌐 Map your entire value chain for the environmental and social risks covered by CSDDD. 📊 Assess high-risk and prioritized suppliers – and collaborate effectively with them to mitigate and eliminate any impacts identified. 🔎Gain the carbon visibility and emissions data you need to develop a climate transition plan, set science-based targets and drive supply chain decarbonization. Read on for more https://ecovad.is/4d5HQXx

EcoVadis and SAP are hosting a webinar for the Asia-Pacific market on May 7, 1:30 - 2:30pm SGT. Register for free to join ‘Demystifying Scope 3: Kickstarting Your Journey to Value Chain Decarbonization’ and hear insights from both teams that can help you get started on your journey to value chain decarbonization. Learn how companies at all stages of sustainability maturity can take their first steps. In this webinar, you will hear from Henning Petzold and Eyed Pawassada Lowjun about: - The importance and ROI of Scope 3 decarbonization - How companies of different maturity levels can take their first steps toward value chain decarbonization - The importance of procurement and supplier engagement in supporting ambitious emissions reduction goals - How EcoVadis and SAP can support your efforts Register now: https://ecovad.is/4aFpavR #scope3 #decarbonization #supplychain #sustainability Juthika Choksi Hariharan Marvin Rougier Helen Selvanathan

We are thrilled to exhibit at Coupa Inspire’24. Recognizing the essential role that procurement plays in sustainable practices, our team is dedicated to assisting partners and clients in implementing the best sustainability practices across their supply chains. Visit us at booth S12 for insightful discussions about how EcoVadis is helping businesses of all sizes start quickly and scale sustainability programs with confidence. When: April 22-24 Where: Las Vegas, NE Register here: https://ecovad.is/49CIb0U #CoupaInspire #sustainability #sustainableprocurement

Read the inspiring collaboration story between AstraZeneca and its supplier MINAKEM who are both partnering with EcoVadis to advance sustainable practices including sustainable procurement, climate action, and diversity, equity, and inclusion (DEI), showcasing ongoing progress and commitment to sustainability goals. Find the case study below. https://ecovad.is/49h6Nfv #EcoVadisSuccessStory #Collaboration #DEI #SustainablePractices

France and China may have been the usual top two countries boasting the highest number of EcoVadis assessments. Last year, however, it was the US that had the greatest total. Our Chief Rating Officer, Sylvain Guyoton, shares some emerging trends from our study of 125,000+ sustainability ratings: https://ecovad.is/4akTuMa.

Did you miss any of Sustain 2024? All sessions are now streaming on demand so now’s the time to catch up on the latest trends, innovations and best practices in sustainable procurement, responsible sourcing and supply chain sustainability. With over 50 guest speakers, insightful panel discussions, and updates on industry priorities including regulatory compliance, scope 3 carbon reduction and more, you don’t want to miss out on this valuable resource! Visit https://ecovad.is/4cF5qtO today to get started and accelerate your business sustainability journey. #sustainability #ESG #procurement #sustainablebusiness #supplychain #responsiblesourcing #Sustain2024 #Ecovadis #Ability