We're past the point of simply saying you're committed to sustainability, it's time for tangible and verified action.

This is what many are calling for in response to the recent rise in Greenwashing and subsequent erosion of trust from consumers and other stakeholders regarding any green claims.

As a result, a number of voluntary disclosure schemes have been created to help benchmark and verify organisation's claims, should they choose to participate. One example being the focus of today's episode: EcoVadis.

In this episode Mel Blackmore continues with our voluntary disclosure's series, discussing the ESG rating scheme EcoVadis, what is required to earn a Platinum rating and provides some tips on how to get that Platinum rating.

You'll learn

·      What is EcoVadis?

·      What are the requirements to achieve a Platinum rating?

·      Top tips for earning an Platinum rating for EcoVadis

·      What are the advantages of earning a Platinum rating?

·      What are the disadvantages of getting involved with EcoVadis?

 

Resources

·      EcoVadis

·      Carbonology

·      Contribute to Mel's carbon verification commitment research by taking her Survey

 

In this episode, we talk about:

[02:05 ] Episode Summary – Mel discusses the voluntary disclosure scheme: EcoVadis, including what's involved with taking part, how to achieve a Platinum rating and the pros and cons of being benchmarked.   

[03:00 ] Why is there a need for EcoVadis? An increased number of investors and financial institutions, in addition to clients are demanding more than just financial reports. They want to know what a company's environmental footprint is, and at this point, it's time to move on beyond simply making pledges.

This extends to other elements of governance as EcoVadis doubles as a crucial ESG rating scheme.

[04:30 ] What is EcoVadis? EcoVadis is a globally recognised provider of business sustainability ratings. They assess companies' environmental, social, and ethical performance across 21 indicators and four main themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

EcoVadis aims to help organisations manage their supply chain sustainability risks and opportunities. If you're a supplier, you've likely received a request from a customer to complete an EcoVadis assessment.

The assessment process involves completing a detailed questionnaire, submitting supporting documentation, and then EcoVadis analysts review your submission and assign a scorecard. This scorecard provides a detailed breakdown of your performance across the four themes and assigns an overall score and a medal status: Bronze, Silver, Gold, or Platinum.

It's this medal status that's crucial, especially those coveted Gold and Platinum badges, which signal to your customers that you are a top-tier performer in sustainability.

[05:40 ] We want to hear from you: Mel is currently running some research around CDP and the key drivers behind carbon emission verification, and would appreciate your feedback if you have a few minutes to spare.

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